Question: What is the difference betweena policy, a rule, and a procedure? Provide an example of each one. What is contingency planning and why is it

  1. What is the difference betweena policy, a rule, and a procedure? Provide an example of each one.
  2. What is contingency planning and why is it important?
  3. How planning differs at different Management levels? Could you comment on the executive, middle, and lower management planning and how it contributes to the organization?

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