Step 1: Define momentum.
Momentum is a fundamental concept in physics that describes the quantity of motion an object has. It is a vector quantity, meaning it has both magnitude and direction.
Step 2: State the formula for momentum.
The momentum ($p$) of an object is defined as the product of its mass ($m$) and its velocity ($v$).
The formula is: $p = m \times v$.
Step 3: Apply the given variables to the formula.
In this problem, the mass of the object is given as 'M' and its velocity is 'V'.
Substituting these into the momentum formula:
Momentum = M $\times$ V
Momentum = MV
Step 4: Compare the result with the given options.
The calculated momentum is MV, which matches option (2).
$$(2) MV$$