Which of the Following Is Not an Advantage of Written

question 7

Multiple Choice

Which of the following is not an advantage of written and implied policies?

• A) Policies are a means for executive management to communicate its leadership and views.
• B) Policies provide a framework for consistent decision making and action.
• C) Policies are easy to communicate throughout an organization.
• D) Policies help ensure that personnel act in a manner consistent with executive or functional management's expectations.
• E) An effective policy defines the rules and procedures that apply to all employees.

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Definitions:

Tax

A required contribution or another kind of monetary levy imposed by a government body on a taxpayer to underpin government expenditure and different public spending initiatives.

Deadweight Loss

Deadweight loss refers to the loss in economic efficiency that occurs when the equilibrium for a good or service is not achieved or is unattainable.

Consumer Surplus

The gap in the total amount consumers are willing to invest in a product or service and the amount they end up paying.

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive, measuring their benefit.