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Self-Managed Teams
Groups of workers who are provided with the autonomy to plan, execute, and monitor their own tasks and performance.
Open-Book Management
A business strategy where financial and operational information is shared openly with employees to involve them in decision-making and to improve company performance.
Financial Statements
Formal records that outline the financial activities and position of a business, person, or other entity, typically comprising the balance sheet, income statement, and cash flow statement.
Bottom Line
Refers to the final net income or profit of a business after all expenses have been subtracted from revenues.
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