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A policy manual is a formal written document that contains the organization's policies, principles, rules, and guidelines that govern decision-making and day-to-day operations. It serves as a reference for managers and employees by clearly stating the organization's expectations, responsibilities, and standard procedures. Policies provide a framework within which decisions are made, while leaving managers sufficient flexibility to deal with specific situations. A well-designed policy manual ensures consistency in administrative practices and helps every member of the organization understand the organization's objectives, values, and methods of operation. In management, policies are considered standing plans because they provide continuous guidance for repetitive decisions. Unlike procedures, which specify the exact sequence of actions, policies define the broad boundaries within which decisions should be made. A policy manual compiles these policies into a ____ ______ __________ ____ ____ __________ ________ ___ ______ _________ ___.
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