What do security policies consist of in Workday?

In Workday, security policies primarily focus on the management of data access, which includes specifying who can view and modify various domains within the system. This is crucial because it ensures that sensitive information is only accessible to authorized individuals, thereby maintaining data integrity and protecting organizational assets.

By establishing defined rules around view and modify access, security policies help organizations uphold compliance standards and manage user roles effectively. This structure supports the broader goal of safeguarding data while allowing for appropriate levels of interaction based on employee roles and responsibilities.

The other options relate to different aspects of business operations within Workday. For instance, guidelines for supplier interaction pertain more to procurement processes, while specifications for data storage focus on the technical setup of data rather than on security access. Rules for item pricing relate to financial transactions and product management and do not address the protective measures surrounding data access management. Thus, while all choices represent important operational functions, the essence of security policies is firmly centered on controlling access to information within domains, which is why the correct answer highlights view and modify access to those domains.