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🏫 Board💼 Business Studies

“Policy formation serves as the basis of coordinating the activities and efforts of different divisions, departments and…

Q1

“Policy formation serves as the basis of coordinating the activities and efforts of different divisions, departments and individuals. It helps in avoiding confusion and misunderstanding.” Identify the significance of managerial function highlighted in this statement.

a

Facilitates decision making

b

Reduces risks of uncertainty

c

Provides direction

d

Reduces overlapping and wasteful activities

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