An Important Part of Open-Book Management Is To

question 48

Multiple Choice

An important part of open-book management is to:

• A) help all employees understand the company's business goals.
• B) empower employees to audit the company books.
• C) empower employees to complain directly to top management.
• D) give employees bonuses based on company profits.

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Definitions:

Delegated Duty

A task or responsibility that is assigned by someone in authority to another person or entity to execute.

Assignor

The person who assigns contract rights.

Obligor

The party in a contractual agreement who is bound to provide a payment or performance to the other party, known as the obligee.

Third Party Beneficiary

One for whose benefit a promise is made in a contract but who is not a party to the contract.