A Sect Is a Type of Religious Organization That

question 59

Multiple Choice

A sect is a type of religious organization that

• A)supports the political state.
• B)is tightly linked to the larger society.
• C)is highly structured,with formally trained leaders.
• D)stands apart from the larger society.

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Definitions:

Noncontrolling Interest

The portion of equity (ownership) interest in a subsidiary not held by the parent company, represented in the consolidated financial statements of the parent company.

Equity Method

An accounting technique used by companies to assess the profits earned by their investments in other companies, where they hold significant influence but not full control.

Excess Amortizations

Amortization expenses that exceed the norm or expectation for a particular asset, typically resulting from an aggressive estimation of the asset's useful life or value.