The practice of sharing with employees at all levels of the organization vital information previously meant for only management's eyes is known as
A) Open-book management.
B) Vertical communication.
C) Decentralized communication.
D) Feedback communication.
E) Coaching.

Question

Quizplus · Accepted Answer

Open-book management is the practice of sharing with employees at all levels of the organization vital information previously meant for only management's eyes. This information includes financial goals, income statements, budgets, sales, forecasts, and other relevant data about company performance and prospects.

The Practice of Sharing with Employees at All Levels of the Organization