A Key Difference Between Policy and Law Is That Ignorance

question 13

Essay

A key difference between policy and law is that ignorance of policy is a viable defense.What steps must be taken to assure that an organization has a reasonable expectation that policy violations can be appropriately penalized without fear of legal retribution?

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Definitions:

Production Possibilities

A graphical representation of the maximum number and combinations of goods and services that can be produced from a fixed set of resources.

Absolute Advantage

A situation where a country, individual, or firm can produce more of a good or service with the same amount of resources compared to other entities.

Specialize

When individuals or businesses focus on producing a limited range of goods or services to increase efficiency and output quality.

Comparative Advantage

Being able to manufacture a good or provide a service with a smaller opportunity cost than that of competing individuals, companies, or nations.