1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lynna [10]
3 years ago
6

With one (1) example each, state and explain five (5) outputs derived from a business policy

Business
1 answer:
vekshin13 years ago
8 0

Answer:

Business Policy refers to how a company guides it's actions towards achieving it's goals. In other words these are guidelines and actions that the company sets out as required for it's employees that the company may achieve long term goals.

Outputs of Business Policy includes,

a. Easier Decision Making

When a business properly sets out it's policy on certain actions then employees make decisions easier in relation to actions that would otherwise have been unclear as to how they could be resolved.

For example, stating that the company does not take gifts from clients will help a Fund Manager for example, avoid receiving tickets to a game from a client as gratitude for a job well done.

b. Outline Job Expectations

Business Policies let employees know exactly what is expected of them so that they may act accordingly. Surprisingly more often than not, employees can act in a certain way that could hurt the firm simply because they did not know better. Well established business policies can solve this problem.

For example, by stating the decision authority of jobs in a Department, employees can know not to overstep.

c. Employee Efficiency

Establishing business policies can help improve the work rate of employees by giving them.incentives, quotas, requirements or by removing distractions. The Employees will therefore focus more on their work and work better to improve the company.

For example, mandating that Social Networks not be used on company time will help some employees focus better.

d. Consistency

Well established business policies ensure that there is consistency in the operations of the business. Policies will tell the Employees how things are done and even when new employees come, the policies can guide them in their work so that they can pump out a consistent level of work to company expectations.

For example, Stating Audit Policy in an Audit Firm so that all employees may audit companies in a certain consistent way for easier comparison.

e. Improves Working Environment

Good and well implemented Business policies reduces friction amongst Employees amongst themselves and with management. Because everyone will have their roles, they will act accordingly and avoid stepping on the shoes of others.

For example, a certain team will be in charge of one facet of production and another team will be in charge of another. This way the teams don't clash on decisions to be made in the facet of production that they are in charge of.

You might be interested in
g explain which types of organizations (if any) will traditional HRM fit most and which types of organizations (if any) will str
valentinak56 [21]

Answer:

HR Function refers to areas such as recruitment, selection, recruitment and retention, performance evaluation, promotional preparing, and reimbursement managerial staff.

Explanation:

  • Throughout traditional HRM every one of these operations has been associated with capacity building and therefore are constrained even within the HR manager. Those other operations are not focused on an organization’s strategy.
  • Traditional HRM is therefore not focused on effective organizational culture, while strategy Implementation focuses on its philosophy.
4 0
3 years ago
Suppose that for 10 bicycles, the total fixed cost is $100 and total variable cost is $300. Then the average fixed cost and aver
Stells [14]

The price one bicycle is $21

Explanation:

because 100÷10=0.1

and the total is 300$

300-100=20

20+0.1=20

answer is 21

7 0
2 years ago
When you are using money to purchase a new mp3 player, money is serving as a:?
m_a_m_a [10]
The choices were A) store of value. B) medium of exchange. C) unit of account. D) double coincidence of wants

<span>The answer is </span>B<span>) medium of exchange. The money was used as a medium to purchase a product. </span><span> It</span><span> can be observed on different transactions of customers to obtain their needed item. It can be a necessity or a want that person must have.</span>
5 0
4 years ago
Suppose a professional basketball game is to be played at a suburban arena, which increases demand for parking on the night of t
marta [7]

Answer:

A. the supply of parking will be more elastic and the price of parking will increase by a relatively large amount the night of the game.

4 0
3 years ago
The burial of porky logan is considered the turning point of randy’s character, if not the novel as a whole. why might this be t
svetlana [45]
<span>Logan's burial might be considered a turning point in the novel because it is the point at which the democratic process and reasoning are completely abandoned for the attitude that force matters more than good intentions do.

Porky's burial is the first time that Randy actually has to force people to do the right thing. Porky's body is a menace.... it could cause an epidemic that could affect everyone, and no one wanted to be a part of it.... but Randy got it done, and he had to pull his pistol to do it.

The last sentence is significant in illustrating the road ahead: "The engine started and Randy turned away to face the thousand-year night"</span>
5 0
3 years ago
Other questions:
  • Sandra waterman purchased a 52-week, $1,000 t-bill issued by the u.s. treasury. the purchase price was $996. (a) what is the amo
    11·1 answer
  • What is a way to protect your social security number and other sensitive information from identity theft?
    6·2 answers
  • Which of the following stages of the new-product development process is the first filter, which serves to eliminate new-product
    14·1 answer
  • Discuss the effectiveness of Red Bull sponsorships, advertisements, personal selling strategies, promotion, events, and public r
    7·1 answer
  • McRae Corporation's total current assets are $460,000, its noncurrent assets are $560,000, its total current liabilities are $38
    6·1 answer
  • Abby is so satisfied with her green grocer that she refers her friends and colleagues, providing a(n _______ benefit of maintain
    5·1 answer
  • A married couple is trying to conceive a child. The man works outside during the hot summer months and is also taking medication
    12·1 answer
  • Suppose that while Melissa was on the coast, she also spent two days sightseeing the national parks in the area. To do the sight
    10·2 answers
  • What are the five foundations? Include purpose/ importance of each step
    13·1 answer
  • A company had net sales of $760,200 and cost of goods sold of $547,400. Its net income was $19,340. The company's gross margin r
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!