The Declaratory Act of 1766

question 108

Multiple Choice

The Declaratory Act of 1766

• A) caused renewed protests throughout the colonies.
• B) was a sweeping assertion of Parliament's authority over the colonies.
• C) threatened the colonies with military action should future protests develop.
• D) was an attempt by outgoing minister George Grenville to save face.
• E) All these answers are correct.

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Definitions:

Shares Outstanding

The total number of shares of a company's stock that are currently owned by investors, including those held by the public as well as restricted shares owned by the company's insiders and employees.

Treasury Stock

Shares that were issued and subsequently reacquired by the issuing corporation, reducing the amount of outstanding stock on the open market.

Cash Dividend

The distribution of some of a company's earnings to its shareholders as determined by the company's board of directors.

Waste Management System

A systematic approach to handling both disposal and recycling of waste materials in an environmentally friendly manner.