The Council of Trent

question 10

Multiple Choice

The Council of Trent

• A)compromised with the Protestants on the doctrine of justification by faith.
• B)agreed with most Protestants that there were only two sacraments.
• C)reaffirmed traditional Catholic beliefs against the Reformation.
• D)asserted the importance of doctrine over ritual.
• E)placed church councils above the authority of the popes.

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Definitions:

Assets

Resources owned or controlled by a business, expected to produce future economic benefits.

Profit Margin

A financial metric that measures the percentage of revenue remaining after all expenses have been deducted from sales.

Equity Multiplier

A financial leverage ratio that measures the portion of a company's assets financed by its shareholders' equity.

Absolute Advantage

A condition in which a country, company, or individual can produce a good or service at a lower cost per unit than competitors using the same amount of resources.