The Selective Training and Service Act of 1940 _______________________

question 12

Multiple Choice

The Selective Training and Service Act of 1940 _______________________.

• A) prohibited the drafting of American men into the armed forces until Congress adopted a formal declaration of war
• B) required the racial integration of the armed forces of the United States
• C) was the first peacetime military draft in American history
• D) allowed women as well as men to be drafted into the armed forces of the United States

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Definitions:

Fully Participating

Fully participating describes a type of equity security or preferred stock that has the right to participate in certain additional dividends or distributions beyond a specified amount.

Rights

Legal entitlements or permissions granted to individuals or entities, often referring to stock rights in a corporate context, allowing shareholders to buy new shares before the general public.

Common Stockholders

Individuals or entities that own shares of common stock in a company, giving them voting rights and potential dividends.

Preferred Stockholders

Investors who own preferred shares in a company, granting them priority in dividend payments and assets in the event of liquidation over common stockholders, but typically without voting rights.