INTERVIEW QUESTIONS BUSINESS MANAGEMENT PLANNING DETAILS

Question: What are the differences between policies and rules?

Answer: Rules are clear instructions that must be followed by the entities. And in case if rules are not followed then entity will have to face some legal action in the form of penalties, suspension etc.
Policies relates to how the rules are going to be implemented. Entities design their policies on the basis of rules applied by regulatory authorities and their business objectives.

Rules are clear instructions that must be followed by the entities. And in case if rules are not followed then entity will have to face some legal action in the form of penalties, suspension etc.
Policies relates to how the rules are going to be implemented. Entities design their policies on the basis of rules applied by regulatory authorities and their business objectives. Source: CoolInterview.com

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