Which of the Following Was Not a Factor in the Emergence

question 3

Multiple Choice

Which of the following was not a factor in the emergence of the Protestant Reformation?

• A) The church had grown increasingly secular in its discipline.
• B) The church was selling indulgences, which limited a sinner's time in purgatory.
• C) Christian humanism in Europe's growing urban centers fostered a renewed belief in the importance of the individual as opposed to the institution of the church.
• D) There was growing criticism of Church rituals, including the mass.
• E) Christians increasingly objected to the church's emphasis on the Bible as the sole source of authority in religious doctrine.

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Definitions:

Price-Earnings Ratio

is a measure of a company's current share price relative to its per-share earnings, used to evaluate if a stock is undervalued or overvalued.

Times Interest Earned

A financial ratio that measures a company's ability to meet its interest payments on outstanding debt, calculated by dividing earnings before interest and taxes (EBIT) by the interest expense.

Debt-To-Equity Ratio

A gauge for understanding the proportionate use of debt and equity by shareholders in the funding mechanisms for a company's assets.

Equity Multiplier

A metric indicating the proportion of a firm's assets funded by owner's equity.