The Practice of Sharing with Employees at All Levels of the Organization

question 38

Multiple Choice

The practice of sharing with employees at all levels of the organization vital information previously meant for management's eyes only is known as

• A)open-book management.
• B)vertical communication.
• C)virtual office.
• D)boundaryless organization.
• E)media richness.

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Definitions:

Process Innovation

The adoption of a novel or substantially enhanced method for producing or distributing offerings in business processes.

Assembly Method

A process in manufacturing where parts are put together to make a final product.

Marginal-Utility-To-Price Ratio

The comparison of the additional satisfaction obtained from consuming one more unit of a good to its cost.

Marginal Utility

The incremental pleasure or value received from consuming one more unit of a good or service.