Which Terms Are Correctly Matched to Their Definitions

question 29

Multiple Choice

Which terms are correctly matched to their definitions?
I. Plastic - a long chain molecule synthesized by linking together many single parts.
II. Polymer - can be molded when hot and retains its shape when cooled.
III. Thermoplastic - can be molded when hot and retains its shape when cooled.
IV. Thermosetting plastic - can be molded when first prepared, but hardens irreversibly when
Cooled.

• A) III, IV
• B) II, III
• C) I, II
• D) I, IV

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Definitions:

Fair Value

The capital retrieved from trading an asset or the expenditure for reallocating a liability in a well-arranged market transaction at the point of assessing value.

Carry Value

The original purchase cost of an asset adjusted for depreciation, amortization, or impairment costs on the financial statements.

Joint Operation

A business arrangement where two or more parties share control and management of a project or business.

Joint Venture

A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task or business activity.