According to Max Weber, Protestantism encouraged capitalism's development by:
A. believing that salvation occurred in the next world, rather than this world.
B. encouraging the consumption of accumulated wealth by indulging in worldly pleasures.
C. adhering to the hierarchical domination of religious and social life that characterized the Catholic Church.
D. limiting an individual's religious freedom.
E. emphasizing the importance of hard work and wealth creation for the glory of God and frugality.
E
You might also like to view...
Which of the following statements is FALSE?
A) Leases may include early cancellation options that allow the lessee to end the lease early (perhaps for a fee). B) The cost of the lease will depend on the asset's residual value, which is its book value at the end of the lease. C) Leases may allow the lessee to trade in and upgrade the equipment to a newer model at certain points in the lease. D) Leases may contain buyout options that allow the lessee to purchase the asset before the end of the lease term.
What is the purpose of the Statement on Standards for Valuation Services (SSVS) No. 1 introduced by the AICPA?
What will be an ideal response?