Mini-Case 17-4: Plumbers Don't Want Recognition

question 98

Multiple Choice

Mini-Case 17-4: Plumbers Don't Want Recognition
"If I ever went out to those guys and asked them if they wanted a little more recognition, they would laugh me out of the shop. People work for money." Norm Schultz had been a plumber himself for 18 years before he saved enough money to open a small plumbing contractor business. The men who worked for Norm knew what was expected of them - a fair day's work for a fair day's pay. "You don't need to tell a person that he or she is doing a good job; the person is either doing the work or not working for me!"
Norm's son-in-law was taking a management course at a local college. When Norm asked him what he was learning in class, he told him the management of people. Norm was very emphatic about managing the plumbers who worked for him. "Tell an employee what you expect from the beginning. Watch to see if they perform the job properly. Treat your people fairly and never cheat them." Norm went on to tell his son-in-law that this was the way good managers did things. "Recognition won't put bread on the table."
-Company culture has a powerful impact on ________.

• A)the way people work together in a business
• B)how people in a company do their jobs
• C)how people in a company treat their customers
• D)All of the above

Recognize how sales of assets, like land, impact different sections of the statement of cash flows.

Determine cash receipts from sales and cash payments for merchandise, operating expenses, and income taxes using the direct method.

Understand the presentation and reporting order of cash activities on the statement of cash flows.

Distinguish transactions that do not involve cash and how they are reported on the statement of cash flows.

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Definitions:

SRY Gene

The SRY gene is a sex-determining gene on the Y chromosome that triggers male development in most mammals, including humans.

Reproductive Organ

An organ involved in the process of producing offspring, including structures like ovaries and testes in animals.

Transcription Rate

The transcription rate refers to the speed at which genetic information is copied from DNA to RNA, affecting gene expression levels.

Enhancer

A short region of DNA that can be bound with proteins (transcription factors) to increase the likelihood that transcription of a particular gene will occur.