What is a formally enacted rule called?

The correct answer is statute. A statute is a formally enacted rule that has been adopted by a legislative body. Statutes are written laws that govern behavior and can impose obligations on individuals and organizations. They are often created at the federal, state, or local level and serve as important components of the legal framework within a jurisdiction.

Understanding statutes is crucial because these are foundational to the law, covering areas such as criminal law, civil rights, and business operations. When a statute is passed, it is codified into the law, meaning it becomes enforceable and can lead to legal consequences if violated.

On the other hand, while "policy," "regulation," and "code" are related concepts, they do not accurately describe a formally enacted rule in the same manner. Policies are generally guidelines set by organizations that outline their intent and approach to specific issues. Regulations are rules created by governmental agencies based on statutes and carry the force of law but are not themselves enacted by a legislative body. Lastly, a code often refers to a systematic collection of laws or regulations related to a particular subject but does not specifically denote the process of enactment. Thus, statute is the term that specifically denotes formally enacted legislation.