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What Form of Processes Include Loan Processing for a Bank

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What form of processes include loan processing for a bank, claims processing for an insurance company, reservation processing for a hotel, and baggage handling for an airline?


Definitions:

Rules

Indicate what is and what is not acceptable behaviour and often specify the outcome of breaking them.

Specific Situations

Particular instances or events that are distinct and defined by unique circumstances.

Procedures

Precisely describe actions that are to be taken in specific situations. They define the recommended sequence of events needed to accomplish a task or a set of tasks.

Rules

Prescribed guidelines or instructions that govern actions or behavior within a specific context, often established to maintain order, safety, or fairness.

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