​Match Each Item with the Correct Statement Below.​

question 9

Multiple Choice

​Match each item with the correct statement below.​
-type of collision in which kinetic energy is not conserved

• A)​angular momentum
• B)​elastic collision
• C)​elastic potential energy
• D)​energy
• E)​gravitational potential energy
• F)​heat
• G)​inelastic collision
• H)​kinetic energy
• I)​lever
• J)​linear momentum
• K)​power
• L)​work
• M)​internal energy

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Definitions:

Cost of Goods Sold

The costs directly resulting from the creation of products a company sells, including expenses related to materials and labor.

Gross Profit

The financial metric that represents the difference between sales revenue and the cost of goods sold.

LIFO Inventory Method

An accounting technique where the most recently acquired items of inventory are recorded as sold first, often used to calculate cost of goods sold and ending inventory.

Merchandise Inventory

The goods and products a company holds for the purpose of selling to customers.