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Min Values: The Minimum number of values the user must select. A user can select multiple values in a select menu. If you want the user to be able to select only one option, set both min values and max values to 1.
Max Values: The Minimum number of values the user can select. A user can select multiple values in a select menu. If you want the user to be able to select only one option, set both min values and max values to 1.
Placeholder: The text to be displayed when no option is selected.
A message can have up to five "action rows" and each of these "action" rows have five slots where you can put message components. A button takes up one of these slots but a select menus takes up all five slots of a "action row". Keep this in mind when creating your views since you don't want to run out of space!