Given the following equation:
You can identify that there is a multiplication of the left side of the equation. The number 294 is multiplied by the number 1.
There are several properties for Multiplication. One of these properties states the following:
The "Identity Property for Multiplication" states that every number "a" multiplied by 1 give you the same number "a" as the product.
Therefore, knowing the above, you can identify that the equation given in the exercise represents the Identity property.
The answer is: Identity Property for Multiplication.