The Rules That Govern How a Religious Organization Makes Decisions

question 5

Multiple Choice

The rules that govern how a religious organization makes decisions and who has legal authority to act on behalf of the congregation are part of the church's

• A)in-put.
• B)out-put.
• C)process.
• D)structure.
• E)seminated sacral system.

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Definitions:

Periodic Payments

Regular, scheduled payments made over a period of time, such as monthly rent or quarterly insurance premiums.

Borrower

An individual or entity that takes funds from a lender under the agreement to return it with interest or equity.

Bond Issue

The process by which a company or government raises funds by selling bonds to investors.

Unamortized Premium

The portion of a bond premium that has not yet been amortized or gradually written off as an expense over the bond's life.