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Answer:

Policies are the rules and regulations that serve as a guiding principle for the organization while making decisions. On the other hand, procedures are the precise steps that are followed while carrying out an organization activity.

There is always a relation between them: Policies are rules that are made by organizations, to achieve their aims and goals. Policies are made by individuals, groups, companies, and even governments to carry out their plans. Regulations are rules that are made to make people comply and behave in a certain manner.

There is usually a relationship between rules, regulations, and Policies.

What is the relation between Policy and Regulations?

Policies are rules that might be made through organizations, to reap their objectives and goals.

Policies are made through individuals, groups, companies, or even governments to perform their plans. Regulations are rules that might be made to make humans comply and behave in a sure manner.

Hence, these are the similarities and common characteristics of regulation, rule, and policy.

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