Selective Incorporation Describes

question 32

Multiple Choice

Selective incorporation describes

• A) the process of including certain elements of a prior will into a new will.
• B) the process of including the crime of attempt in the completed criminal act.
• C) criminal statutes applicable to corporations as well as individuals.
• D) the process of including certain constitutional guarantees within the definition of due process.

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Definitions:

Ownership Perspective

An approach or mindset focusing on the long-term benefits and responsibilities of owning an asset or investment.

GAAP

Generally Accepted Accounting Principles, a framework of accounting standards, principles, and procedures from which financial statements are prepared in the United States.

Cumulative

Pertaining to an aggregate or total amount added up over time, often used in context with dividends that are accumulated if not paid out.

Noncumulative

A term often used in dividends policy, indicating that if a dividend is not paid out, it doesn't accumulate for future payment.