The practice of showing everyone involved in a business the numbers that are critical to the performance of the business is called which of the following?
A) democratic management
B) open-book management
C) financial management
D) human resource management

Question

Quizplus · Accepted Answer

Open-book management is a business approach where employees are provided with company financial information to help them understand how their actions affect the company's performance. This practice is intended to engage employees in the financial success of the company by making the business's financial situation transparent.

The Practice of Showing Everyone Involved in a Business the Numbers