The Policy and Procedure Manual No Longer Reflects Current Practices

question 273

Multiple Choice

The policy and procedure manual no longer reflects current practices. This situation is a risk management issue because

• A) supervisory time and effort will be wasted to correct the manual.
• B) training of new personnel will not be standardized.
• C) broad and permissive policy statements cannot commit the organization to a course of action.
• D) the manual represents the normal course of business.

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Definitions:

Discreet Approach

A method focusing on individual items or events rather than looking at an overall perspective or pattern.

Integral Approach

A methodological approach that seeks to integrate diverse perspectives and disciplines to solve complex problems, often applying to management and organization strategies.

Property Taxes

Taxes assessed by local governments on real estate properties based on their assessed value, used to fund public services.

Constructive Obligation

A duty that arises from a company's actions or words, creating an expectation to act in a certain way even in the absence of a legal requirement.