A Religious Organization Will Generally Be Exempt from the Prohibitions

question 15

Multiple Choice

A religious organization will generally be exempt from the prohibitions in Title VII:

• A) even in instances where the employment is in an area of purely non-sectarian activities.
• B) unless it is a purely secular organization.
• C) except in instances where the employment is in an area of purely sectarian activities.
• D) if it is relieved of such obligations by the EEOC.

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Definitions:

Note Receivable

A written promise for amounts to be received by a creditor from a debtor, typically generating interest income for the holder.

Interest

The cost of borrowing money or the payment received for the investment of money, typically expressed as a percentage of the principal.

Maturity Value

Maturity Value is the amount payable to an investor at the maturity date of a financial instrument, typically including the principal and the interest.

Note Receivable

A written promise to pay a specified amount, usually interest-bearing, that is recognized as an asset on the lender's balance sheet.