The CEO of an online retail store plans to share all financial information with the company's employees.The CEO believes that in doing so,employees will understand how they contribute to the success of the company.The CEO,in this scenario,is implementing
A)knowledge management.
B)double-entry bookkeeping.
C)open book management.
D)on-demand computing.

Question

Quizplus · Accepted Answer

Open book management is a business approach where a company shares its financial information with all employees. This strategy is used to help employees understand their impact on the company's success, aligning with the scenario described. Knowledge management involves capturing, distributing, and effectively using knowledge. Double-entry bookkeeping is an accounting method. On-demand computing refers to computing resources available as needed, especially in cloud computing, and does not relate to sharing financial information with employees.

The CEO of an Online Retail Store Plans to Share