In Pinewood Corp., information that was previously available to managers alone is now given to workers as well. This is an example of
A)centralized management.
B)unity of command.
C)horizontal communication.
D)an open system.
E)open-book management.

Question

Quizplus · Accepted Answer

Open-book management is the practice of sharing with employees at all levels of the organization vital information previously meant for management's eyes only. This information includes financial goals, income statements, budgets, sales, forecasts, and other relevant data about company performance and prospects.