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Scenario - Barry Miller
The promotion to first line manager took place just six weeks ago for Barry Miller. He was well qualified for the promotion, but the new job still required a lot of training. One of the challenges has been to coordinate the production of his team with the needs of the sales department and with the availability of raw materials from his suppliers. Setting priorities and developing schedules to accomplish the work is a part of Barry's job that he has really enjoyed. The challenges to maintain high rapport and to build a strong team with his employees have already brought him a lot of satisfaction. In reflecting about the last six weeks, Barry concludes that he is very happy about his new job.
-Barry Miller was exhibiting the interpersonal role of
Withdrawals
Funds taken out from a business by the owner(s) for personal use, affecting the owner's equity account.
Owner's Equity Statement
A financial document that details the changes in the owner’s equity of a business over a period of time, including investments, withdrawals, and net income.
Worksheet
A document used by accountants to organize and summarize financial information for the preparation of financial statements.
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