ISS policies must set rules for users, define consequences of violations, and minimize risk to the organization. There are typically five different types of documents in a policy framework: 1) Principles; 2) Policy; 3) Standard; 4) Procedure, and 5) Guideline a. True
b. False

b. False.

Explanation:

A business strategy sets the overall direction for a business firm or company because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan.

Issues specific standards (ISS) policies must set rules for users, define consequences of violations, and minimize risk to the organization. There are typically six (6) different types of documents in a policy framework:

1) Principles;

2) Policy;

3) Standard;

4) Procedure.

5) Guideline

6. Definitions.

answer; a large down payment,a longer term loan, would result in a lower monthly payment;