What is the distinction between a policy and a procedure?

The distinction between a policy and a procedure is best captured by the understanding that a standard defines compliance, while a procedure outlines actions. Policies are high-level principles or rules that establish the framework and expectations for behavior and decision-making within an organization. They provide a guideline on what is to be achieved and the rules that govern the operations.

On the other hand, procedures are the detailed steps or instructions that specify how to implement the policies. Procedures provide clarity regarding the actions required to adhere to the established policies. By understanding this relationship, it's clear that while a standard outlines what compliance looks like, the procedure gives actionable details on how to achieve that compliance within the framework set by the policy. This distinction is crucial for effectively managing operations and ensuring that policies are implemented consistently.

In this context, the other options don't accurately capture the relationship between policies and procedures. For instance, equating a procedure to a guideline does not acknowledge its more detailed nature. Likewise, defining a policy strictly as specific step-by-step instructions misrepresents its broader role. Lastly, mentioning flexibility in relation to procedures is misleading, as procedures are generally intended to be followed precisely to ensure consistency and compliance.