Policy FAQs:

Q: Is a policy a deliberate system of principles to guide decisions and achieve rational outcomes?

A: Yes.

Q: Is a policy that of a speed limit?

A: Yes.

Q: Are policies generally adopted by a governance body within an organization?

A: Yes.

Q: Are policies what happens 'on the ground' when they are implemented?

A: Yes, as well as what happens at the decision making or legislative stage.

Q: Are policies typically instituted to avoid some negative effect that has been noticed in the organization?

A: Yes, or to seek some positive benefit.

Q: Is a policy a form of an unsanctioned lottery?

A: Yes, where players purport to purchase insurance against a chosen number being picked by a legitimate lottery.

Q: Are policies generally thought to be best applied when good behavior can be easily defined and bad behavior can be easily regulated and punished through fines or sanctions?

A: Yes.

Q: Is a policy intended to affect the 'real' world?

A: Yes, and by guiding the decisions that are made.

Q: Is a policy a statement of intent?

A: Yes, and is implemented as a procedure or protocol.

Q: Is a policy a policy for a firm/company or an industry which is considered to have a notably high subjective element?

A: Yes, and that has a material impact on the financial statements.

Q: Are policies dynamic?

A: Yes, they are not just static lists of goals or laws.

Q: Are policies contracts between insurer and insured used to indemnify against potential loss from specified perils?

A: Yes.

Q: Is a policy creating?

A: Yes.

Q: Is a policy created?

A: Yes, but has been influential in how political scientists looked at policy in general.

Q: Are policies rare?

A: Yes, but can be found.

Q: Are policies typically promulgated through official written documents?

A: Yes.