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question 159

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Decoding


Definitions:

Policies

Guiding principles or rules designed to steer decisions and actions in an organization.

Broad Guidelines

General rules or principles that provide direction or advice on how to act in specific situations, without being overly detailed.

Decisions

The act or process of choosing a course of action from among multiple alternatives.

Budgets

Financial plans that estimate revenue and expenses over a certain period, helping guide business decision-making.

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