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The following is an excerpt from the 1563 Decrees of the Council of Trent: "That the faithful may approach the sacraments with greater reverence and devotion of mind, the holy Council commands all bishops that not only when they themselves are about to administer them to the people, they shall first, in a manner adapted to the mental ability of those who receive them, explain their efficacy and use, but also that they shall see to it that the same is done piously and prudently by every parish priest, and in the vernacular tongue."
What important change in Catholic religious practice is described in this passage?
Cost of Capital
The rate of return a company must earn on its investments to satisfy its investors or lenders.
Hurdle Rate
The minimum rate of return that an investment project must generate before it is considered viable or attractive for investment.
Break-Even Time
The period it takes for a business to recover its investments or expenses and start generating profit.
Highest Rank
Refers to the position or level within a hierarchy or organizational structure that is at the top or most senior.
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