Each employee will retire at the age of sixty Is this a 'rule' or 'policy' plan How can - Business Studies - Planning

Question

Each employee will retire at the age of sixty Is this a 'rule'
or 'policy' plan? How can we differentiate?

Vinay · Accepted Answer

this is a policy
policy guides thinking and provides a broad framework within
which all activities are performed
on the other hand , rules are specific statements which does not
allow any change or compromise in it they have to be followed and
no deviation from them is allowed

Each employee will retire at the age of sixty. Is this a 'rule' or 'policy' plan? How can we differentiate?