Energy Possessed by a Sample of Matter Because of Its

question 77

Multiple Choice

Energy possessed by a sample of matter because of its position or condition is called

• A) chemical energy
• B) potential energy
• C) kinetic energy
• D) heat
• E) none of these

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Definitions:

Work in Process

Inventory comprising goods that are in the production process but not yet completed.

Raw Material

Basic materials used in the production process to manufacture goods, often processed in multiple stages to produce the final product.

Predetermined Overhead Rate

A rate established in advance used to apply manufacturing overhead costs to products based on a certain activity base.

Fixed Overhead

Regular, unchanging costs associated with running a business, such as rent, salaries, and utilities, that do not fluctuate with production volume.