Explanation
The policy that outlines the software and hardware requirements for using personally owned devices to conduct business is BYOD (Bring Your Own Device). BYOD is a practice that allows employees to use their own devices, such as laptops, tablets, or smartphones, to access corporate resources and applications. BYOD can offer benefits such as increased productivity, flexibility, and satisfaction for employees, as well as reduced costs for employers. However, BYOD also poses challenges and risks, such as security, compatibility, and support issues. Therefore, a BYOD policy is needed to define the rules and expectations for using personal devices in a business environment. A BYOD policy typically covers topics such as device eligibility, security requirements, acceptable use, data ownership, privacy, and liability. References: CompTIA Network+ N10-008 Certification Study Guide, page 362; The Official CompTIA Network+ Student Guide (Exam N10-008), page 14-2.