The First Law of Thermodynamics States That _____________

question 6

Multiple Choice

The first law of thermodynamics states that _____________.

• A)energy can be transformed but cannot be created or destroyed
• B)energy is always degraded in a chemical reaction
• C)all energy always has kinetic and potential characteristics
• D)entropy always decreases in normal chemical reactions

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Definitions:

Rate of Markdown

The percentage decrease from the original price to the sale price.

Operating Expenses

Costs associated with the day-to-day operations of a business or organization.

Wholesale Price

The cost of goods sold in large quantities, usually to retailers rather than directly to consumers.

Mark-up on Cost

The percentage added to the cost price of goods to cover overhead and profit.