Answers A, B and D describe perfectly the characteristics of Traffic Policy.
Answers C and E describe perfectly the characteristics of Traffic Shaping.
Traffic shaping allows you to control the traffic going out an interface in order to match its flow to the speed of the remote target interface and to ensure that the traffic conforms to policies contracted for it. Traffic that is adhering to a particular profile can be shaped to meet downstream requirements, which eliminates bottlenecks in topologies with data-rate mismatches.
Traffic shaping regulates and smooths out the packet flow by imposing a maximum traffic rate for each port's egress queue. Packets that exceed the threshold are placed in the queue and are transmitted later. This process is similar to traffic policing; however, the packets are not dropped. Because packets are buffered, traffic shaping minimizes packet loss (based on the queue length), which provides a better traffic behavior for TCP traffic.
https://www.cisco.com/c/en/us/td/docs/switches/datacenter/nexus3000/sw/qos/602_U1_1/b_3k_QoS_Config_602_U11/b_3k_QoS_Config_602_U11_chapter_0100.pdf
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