Bill Jr Works on the Line at Cloverleaf Automotive Just Like

question 8

Multiple Choice

Bill Jr. works on the line at Cloverleaf Automotive just like his father-popularly known among the old-timers as Bill Sr.-before him. But recently Bill Jr., along with all his coworkers, received something that would have been unheard-of in Bill Sr.'s day: a packet outlining the company's financial goals, income statements, and other information about Cloverleaf Automotive's past performance and future prospects. This sharing of material that was once meant exclusively for management's eyes only is an example of

• A)the boundaryless organization.
• B)horizontal communication.
• C)decentralized management.
• D)management by objectives.
• E)open-book management.

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Definitions:

Financial Information

Data relating to the financial performance, position, and cash flows of a business, which is used by stakeholders to make economic decisions.

Return on Total Assets

A profitability ratio that measures net income produced by total assets within a period.

Financial Information

Data that pertains to the financial status, performance, and changes in financial condition of an entity.

Days' Sales Uncollected

A measure of how quickly a company converts its accounts receivable into cash, indicating the average number of days sales remain uncollected.