The Term Photon Refers To

question 168

Multiple Choice

The term photon refers to:

• A)the smallest possible unit of light.
• B)tiny particles of light.
• C)waves of light.
• D)the property of light that gives us the perception of colour.

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Definitions:

Donated Materials

Items or supplies given to an organization for free, often recognized as income at their fair value in the period received and reported in the financial statements.

Deferral Method

An accounting method where certain revenues or expenses are deferred on the balance sheet until they can be realized in the income statement.

Not-for-profit Organization

An organization that operates for purposes other than generating profit, typically focusing on social, educational, or charitable objectives.

Endowment Contribution

A donation made to an organization, often a nonprofit or educational institution, with the stipulation that the principal amount is to be kept intact while the investment income generated is used for specific purposes.