What Is the Advantage of Establishing and Administering Policies in Organizations

question 10

Multiple Choice

What is the advantage of establishing and administering policies in organizations?

• A) It allows companies to handle situations more fairly and objectively.
• B) It allows companies to address issues on a case-by-case basis.
• C) It eliminates the need for documentation and record keeping.
• D) It encourages employees to defend themselves by claiming ignorance of disciplinary norms.
• E) It leaves a lot of room for subjective decision making.

---

Definitions:

Market Demands

The total amount of goods or services that consumers in a specific market are willing and able to buy at a certain price level during a specified period.

Small Businesses

Companies with a small number of employees and relatively low volume of sales, typically privately owned.

Larger Firms

Businesses or companies that have a significant scale in terms of operations, revenue, and workforce size, often with a broad market presence.