Answer:
His annual rate of return on this sculpture is -4.46%.
Explanation:
let PV be the amount invested and after t periods it turns to be FV
FV = PV(1+r)^t
(1+r)^t = FV/PV
1 + r = (FV/PV)^(1/t)
r = (FV/PV)^(1/t) - 1
t is the number of years from 1999 to 2003, t = 2003 - 1999 = 4 years
FV = $10,311,500
PV = $12,377,500
r = ($10,311,500/$12,377,500)^(1/4) - 1
r = -0.0446
therefore, His annual rate of return on this sculpture is -4.46%.
Answer:
The correct answer is superior; subordinate.
Explanation:
You can define the word superior or command as the management exercised on someone, looking for work to be done through orders and provisions; In a company, it should be understood not as something that puts pressure on workers, but as the part that collaborates most to achieve both individual and business objectives.
Subordination refers to the dependency relationship that exists between one element with another. In the case of interpersonal relationships, this would be subject to command, dominance or the order imposed by a superior, therefore in these cases there will be a relationship of power and domination that could be symbolic or formal. In general this relationship of subordination occurs naturally and consciously between the parties, an example is what happens in a job, where the employee knows that the boss has the right to request a surrender on the work being performed and it maintains between these two a line of respect and hierarchies; In this sense, it is understood that the subordinate will be under the charge and orders of the person in charge.
A superior, therefore, must tend because his subordinates work in the best way and have all the necessary resources at their disposal at the time they are required. In addition, they must motivate and stimulate the capacities of each individual, supporting their ideas and highlighting their achievements, to take from them all the potential they are willing to deliver.
Politics is about making agreements between people so that they can live together in groups such as tribes, cities, or countries. In large groups, such as countries, some people may spend a lot of their time making such agreements.
This action is a violation of Cost Principle or Historical Cost Concept.
<h3>What is Historical Cost Concept?</h3>
The historical cost principle states that a company or business must account for and record all assets at the original cost or purchase price on their balance sheet and not at its market price.
The historical cost principle forms the foundation for an ongoing trade-off between usefulness and reliability of an asset.
Thus, if the modern enterprises reported all assets in the accounts at current market value. This action is a violation of Cost Principle or Historical Cost Concept.
Learn more about Historical Cost Concept here,
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