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Principles, guidelines and standards:

  • A principle can be defined as a universally accepted truth or proposition that defines the basic structure of a particular system. For instance, the principles of management define the propositions which are universally accepted to ensure the smooth functioning of a business firm.
  • Guidelines can be defined as specific rules or advice that should be referred to and followed in order to ensure that everything goes according to the set rules and practices. For instance, guidelines for using a particular machine includes all the safety measure and dos and don'ts.
  • Standards can be defined as a comparative measure to the quality or quantity. For instance, a company producing eatables have a set standard for the quality of the product which the workers have to adhere to.