Chris openly shares the company's financial results with employees. This represents:
A) a profit-sharing plan.
B) a pay-for-performance approach.
C) the cafeteria benefit plan.
D) open book management.

Question

Quizplus · Accepted Answer

Openly sharing financial results with employees is a characteristic of open book management, where the financial performance of the company is transparent to all employees, and they are empowered to make decisions based on this information. Profit-sharing plans involve distributing a portion of profits among employees as a bonus or incentive. A pay-for-performance approach links employee compensation directly to their performance. The cafeteria benefit plan is a flexible benefits program where employees can choose from a range of benefits options to suit their needs.

Chris Openly Shares the Company's Financial Results with Employees