__________ allows employees to see for themselves the financial condition of the company.
A) Open-book management
B) An economic value-added system
C) Activity-based costing
D) An inappropriate control system
E) Market value-added system

Question

Quizplus · Accepted Answer

Open-book management is a management philosophy that involves sharing financial and operational information with employees to create a sense of ownership and encourage them to make decisions that positively impact the company. By allowing employees to access financial information, they can understand the financial condition of the company and how their actions affect the bottom line.

__________ Allows Employees to See for Themselves the Financial Condition