Suppose One Twin Takes a Ride in a Space Ship

question 13

Multiple Choice

Suppose one twin takes a ride in a space ship traveling at a very high speed to a distant star and back again, while the other twin remains on Earth. The twin that remained on Earth predicts that the astronaut twin is

• A) younger.
• B) the same age.
• C) older.
• D) cannot be determined from the given information

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Definitions:

Cost of Goods Sold

A financial metric that represents the direct costs attributable to the production of goods sold by a company.

Inventory

The cumulative quantity of products and materials a company possesses for the purpose of selling or utilizing in manufacturing processes.

LIFO

Last In, First Out, an inventory valuation method where the last items added to inventory are the first ones considered sold.

Inventory Balance

The total value of all inventory items held by a company at the end of a reporting period, including raw materials, work-in-progress, and finished goods.