Why Do Some Churches Go by Names Such as "More

question 7

Multiple Choice

Why do some churches go by names such as "More Light," "Open and Affirming," "Reconciled in Christ," and "Reconciling Congregations"?

• A)They are sects that have gone to more conservative heterosexist ideals and have abandoned the mainstream liberal ideology regarding homosexuality.
• B)They are members of a new denomination that affirms homosexuality as a legitimate lifestyle.
• C)They are local churches that belong to mainstream denominations, and they proclaim that they are officially hospitable and supportive of homosexuals.
• D)They are churches who are known among gays and lesbians to perform holy union ceremonies.

Understand the role of partnership agreements in establishing corporations and other forms of business associations.

Recognize the significance of executive summaries in business plans and their components.

Understand the characteristics and motivations of various types of entrepreneurs.

Grasp the role of creativity, initiative, and strategic risk-taking in entrepreneurship.

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Definitions:

Zero Economic Profits

Occurs when a firm earns just enough revenue to cover its total costs, including opportunity costs, but no more.

Efficiently

Performing or functioning in the best possible manner with the least waste of time and effort.

Economies of Scale

The cost advantage achieved by businesses when production becomes efficient, as the scale of operation increases leading to a reduction in average costs.

Positive Economic Profits

Earnings that exceed the total costs, including both the explicit and implicit costs of a business.