If You Were to Cut a Small Permanent Bar Magnet

question 39

Multiple Choice

If you were to cut a small permanent bar magnet in half,

• A)one piece would be a magnetic north pole and the other piece would be a south pole.
• B)neither piece would be magnetic.
• C)each piece would in itself be a smaller bar magnet with both north and south poles.
• D)None of these statements is true.

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Definitions:

Rising Prices

A situation in which the general level of prices for goods and services in an economy increases over a period, often referred to as inflation.

Inventory Method

A system used by businesses to keep track of the quantity, status, and location of goods that they hold.

Gross Profit

The financial metric calculated by subtracting the cost of goods sold from sales revenue, indicating the efficiency of a company in managing its production and labor costs.

Stockholders' Equity

Equity of shareholders refers to the ownership interest in a company, calculated as the difference between the company's total assets and total liabilities.