Question : Identify the statement given below.
It provides a basis for interpreting strategy. They are the guidelines to managerial action.
Option 1: Objective
Option 2: Strategy
Option 3: Policies
Option 4: Single use plan.
Correct Answer:
Policies
Solution :
Policies are general statement that guides thinking our channelise energy towards a particular direction. They provider base for interpreting strategy. They are guides to managerial action and decision in the implementation of strategy.
Hence Option C is correct.