Which Is the Correct Order of the Planets, Moving from Closest

question 41

Multiple Choice

Which is the correct order of the planets, moving from closest to the Sun to farthest from the Sun?

• A) Mercury, Venus, Earth, Saturn, Mars, Jupiter, Neptune, Uranus
• B) Mercury, Venus, Earth, Mars, Jupiter, Saturn, Uranus, Neptune
• C) Venus, Mercury, Mars, Earth, Saturn, Jupiter, Neptune, Uranus
• D) Mars, Venus, Earth, Mercury, Jupiter, Saturn, Uranus, Neptune
• E) Mercury, Venus, Earth, Mars, Jupiter, Saturn, Neptune, Uranus

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Definitions:

Cost of Goods Sold

Expenses directly related to the production of the goods sold by a business, including material costs and direct labor, crucial for calculating gross profit.

Periodic Inventory System

A periodic inventory system is an accounting method where inventory and cost of goods sold are calculated at set intervals, such as monthly or annually.

FIFO

A method of inventory valuation where the first items purchased are the first ones to be sold.