Ask Question
BusinessBusiness
9 September, 05:58

Silver n' Gold Inc. recently introduced a new control philosophy where all employees have access to the same information that owners have, such as what money is coming in and where it is going. This is an example of which of the following? a. Balanced scorecardb. Six Sigmac. Continuous improvementd. Total quality managemente. Open-book managerment

+5
Answers (1)
  1. 9 September, 06:07
    0
    E) Open-book management

    Explanation:

    Open-book management is a management approach, proposed by John Case in 1993. Case advocated for a management system where employees could have access to complete information about the company they work for.

    The whole idea behind employees knowing everything is that they will understand how the company is doing: Is it making a profit? Its sales are increasing or decreasing? According to Case this should motivate employees and increase their efficiency.

    This management approach leads to a better employer - employee relationship, built upon mutual trust.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Silver n' Gold Inc. recently introduced a new control philosophy where all employees have access to the same information that owners have, ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Keith McPherson earned $20,000 last year as a carpenter. He paid $6,000 for food, rent, medical expenses, and other "necessities." There was little construction work in February, so he took a trip to the Caribbean and spent $4,000.
Answers (1)
All of the following are basic requirements for a fulfilling career except: A. being challenging enough to be engaging but not over whelming B. a reasonable commute C. continual overtime D. being interesting enough to keep people motivated
Answers (1)
Del Norte Brick Co. is located near the intersection of Texas, New Mexico, and Mexico. Improved access to the company's property is via a small bridge across the Rio Grande. The cost of the bridge was $780,000.
Answers (1)
Gipple Corporation makes a product that uses a material with the quantity standard of 8.3 grams per unit of output and the price standard of $7.00 per gram. In January the company produced 4,400 units using 25,870 grams of the direct material.
Answers (1)
Guiness Inc. has a budgeted production of 8,000 units. Each unit requires 40 minutes of direct labor work to complete. The direct labor rate is $100 per hour. What is the budgeted cost of direct labor for the month
Answers (1)
New Questions in Business
What causes changes from one phase of the business cycle to another?
Answers (1)
Worthy Ships initially issued 400,000 shares of $1 par stock for $2,000,000 in 2021. In 2023, the company repurchased 40,000 shares for $400,000. In 2024. 20,000 of the repurchased shares were resold for $320,000.
Answers (1)
A new mall will be constructed in a large city. Why are business owners most likely viewing a topography map before construction? a. to find flat areas of land for building b. to identify key landforms in the area c.
Answers (1)
True or False? An environmental office is one that is concerned with managing resources so these resources do not negatively affect the environment.
Answers (2)
Bruno's stock should return 14 percent in a boom, 11 percent in a normal economy, and 4 percent in a recession. The probabilities of a boom, normal economy, and recession are 8 percent, 90 percent, and 2 percent, respectively.
Answers (1)
Home » Business » Silver n' Gold Inc. recently introduced a new control philosophy where all employees have access to the same information that owners have, such as what money is coming in and where it is going. This is an example of which of the following? a.
Sign Up Forgot Password?