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Q: Importance for policy for individual business and nations?
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Importance of business policy?

A written business policy communicates your companies expectations about employees appropriate employee work performance. Policy illustrates the acceptable performance boundaries.


What is importance of business policy?

Refer to the M.COM part I book Business policy and strategic managemnt by Michael vaz, you will get the answer.


What was the importance of the door policy?

The Open Door policy prevented nations form establishing colonies in China.


What is the importance of research in insurance company?

The value of your policy is only as good as the company selling it to you. If they go out of business, your policy may be out of business as well.


Can your personal umbrella policy cover you if your business is sued?

No, a personal umbrella policy generally excludes all business and business exposure. A personal umbrella protects an individual. If your business is insured with a business/commercial policy to protect the business it would be a commercial umbrella.


Importance of business policy to an organization?

Without business policy, the organisation is like rudderless ship in turbulent sea. The business policy envisages the objectives,present activities, future growth prospects etc. in details and accepted as a valid document in every steps of business activity of the organisation.


What has the author Elizabeth Stoffregen May written?

Elizabeth Stoffregen May has written: 'Government, business, and the individual' -- subject(s): Business, Economic policy, Industrial policy


You are a business owner can you deduct your life insurance premiums as a business expense?

As a business owner you can fund the policy from the retained earnings (RE) of the buisiness for individual use or coverage. This will allow the business owner to fund the policy from a pool of money that is taxed at the business level vs his/her individual taxation level (usually highest tax bracket)


What is the business policy and explain the importance of business policy?

A business policy is : guidelines to facilitate achieve predetermined objective as plan(decision making) involving all levels of the management in any business organisation.It set a statement on the mode and manner how the objectives will be achieved. Without a policy the organisation will function arbitrarily in an anarchic way and may not reach its objectives.


Importance of macroeconomics in brief?

1.to understand the working of the economy 2.in economic polices 3.formulating appropriate policy 4.in national income 5.analysis of monetory problems 6.in business cycle 7.for understanding behaviour of individual unit


Definition of foreign policy?

Foreign policy is the practices associated with a government's handling foreign nations. Nations can change their foreign policies at any time with the right votes.


What is internal policy?

International policy is the same as foreign policy. Each nation deals with other nations based on the foreign policy of all nations.