Disclosing detailed financial information to all employees is a characteristic of
A)open-book management.
B)data mining.
C)diversity.
D)strategic alliance.

Question

Quizplus · Accepted Answer

Open-book management is a management philosophy that involves sharing detailed financial and operational information with all employees to increase their understanding of how the organization operates and improve their ability to contribute to its success. This approach is based on the belief that employees who understand the company's finances and operations will be more engaged and committed to achieving its goals. Data mining is a process of analyzing large amounts of data to identify patterns and trends. Diversity refers to the variety of differences that exist among people. A strategic alliance is a partnership between two or more companies to pursue mutual goals. None of these concepts are directly related to disclosing financial information to employees.

Disclosing Detailed Financial Information to All Employees Is a Characteristic