Asked by M'Kayla McGee on Jun 03, 2024
Verified
The CEO of an online retail store plans to share all financial information with the company's employees.The CEO believes that in doing so,employees will understand how they contribute to the success of the company.The CEO,in this scenario,is implementing
A) knowledge management.
B) double-entry bookkeeping.
C) open book management.
D) on-demand computing.
Open Book Management
Practice of sharing financial information with employees and teaching them how to understand and use financial statements.
Financial Information
Data regarding the financial performance and position of an individual or entity, including statements, reports, budgets, and financial indicators.
Online Retail
Online retail involves selling goods or services to consumers via the internet, leveraging websites or digital platforms to facilitate transactions and deliveries.
- Recognize various management practices and their impacts on business success.
Verified Answer
Learning Objectives
- Recognize various management practices and their impacts on business success.
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