A company shares its financial goals, income statements, budgets, sales, forecasts, and other relevant data about company performance and prospects with all its employees. This company engages in the practice of:
A) coaching.
B) filtering.
C) open-book management.
D) upward communication.
E) grapevine.

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.

A Company Shares Its Financial Goals, Income Statements, Budgets, Sales