Bloomer Corp.has informed its employees that the organization is thinking of partnering with a competitor to start a new production line and would like their opinion on whether the management should go ahead with the idea or refrain from doing so.The CEO also informed them that the profits have increased because of their inputs to the organization's financial matters.Which of the following policies does Bloomer Corp.follow?

Question

Quizplus · Accepted Answer

Bloomer Corp is following the open-book management policy by informing their employees about the organization's financial position and asking for their opinions on key business decisions.