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Q.Distinguish between objectives and policies.

Bihar BsebBSEB Bihar Intermediate (Class-12) Commerce Board 2025Subjective· 2mImportance★★★★★est
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Objectives are the goals to be achieved, whereas policies are the general guidelines that channel decisions towards those goals.

Both are kinds of plans, but they differ as shown below:

BasisObjectivesPolicies
MeaningThe ends or targets that the organisation wants to achieveGeneral statements/guidelines that guide managerial decisions and actions
NatureThey are the 'what' — the destinationThey are the 'how' — the broad route to reach it
Example'To earn 20% profit this year''We will promote employees from within the organisation'
RoleGive direction and a sense of purposeEnsure consistent and uniform decisions
…

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