Which of the following refers to the practice of sharing information about an organization's financial performance with employees?
A) employee opinion surveys
B) grapevine communication
C) open-book management
D) in-house complaint procedures
E) suggestion systems

Question

Quizplus · Accepted Answer

Open-book management is the practice of sharing information about an organization's financial performance with employees, including data such as revenue, expenses, profit margins, and other financial metrics. This practice can foster transparency, trust, and ownership among employees, and encourage them to think beyond their specific job functions to understand how their work contributes to the overall success of the organization.

Which of the Following Refers to the Practice of Sharing