At the Beginning of World War II, a Rationing System

question 45

Multiple Choice

At the beginning of World War II, a rationing system was established in the United States. Ration stamps or cards were issued for a variety of commodities such as canned milk and gasoline. To receive a gasoline ration card, a person had to certify a need for gas. The ration cards ranged from the most limited A card which only allowed 3 to 4 gallons per week to the most generous X card, which allowed the carrier to buy an unlimited amount of gasoline. A government entity, the War Price and Rationing Board, decided who received and A or an X card. Gasoline cards were allocated through:

• A) Command
• B) Market price
• C) Majority rule
• D) Force

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Definitions:

Illegal Dividend

A payment made by a corporation to its shareholders that is not allowed by law or its own bylaws, typically because it exceeds the company's current or retained earnings.

Personally Liable

Being directly responsible for fulfilling a financial obligation or settling a debt from personal assets.

Stock Dividend

A dividend payment made to shareholders in the form of additional shares of stock, rather than cash.

Revoked

To take back, withdraw, or annul an offer, right, or privilege.