Energy can be transferred from one object to another through various processes such as conduction, convection, and radiation. This transfer can occur in the form of heat, electrical energy, or mechanical energy. For example, when a hot object comes into contact with a cooler object, heat energy is transferred from the hot object to the cooler one. Similarly, when an electrical appliance is plugged into a power source, electrical energy is transferred from the source to the appliance. Therefore, the statement "Yes" is correct as energy can indeed be transferred from one object to another.