Luther's Break with the Church Was Prompted by

question 43

Multiple Choice

Luther's break with the church was prompted by

• A)the Council of Pisa's declaration that maintained the necessity of purgatory for salvation.
• B)the increase of papal taxes on the German peasantry.
• C)widespread sale of indulgences by preaching monks.
• D)the declaration that the German clergy must pay taxes.
• E)the papacy's threat to depose the German emperor.

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Definitions:

Hurdle Rate

The minimum rate of return required by management for an investment to be acceptable, used in budgeting and capital allocation decisions.

Internal Rate

This term is too broad without specific context, such as “Internal Rate of Return (IRR).” Assuming IRR, it is a financial metric used to estimate the profitability of potential investments.

Present Value

The today's value of a forthcoming sum of money or cash flow sequence, determined by a specific rate of return.

Net Present Value Method

A method used in capital budgeting to evaluate the profitability of an investment, calculating the difference between the present value of cash inflows and outflows over a period.