Members of the Church of Jesus Christ of Latter-day Saints worship one entity–the Godhead. We worship the Father, the Son (Jesus Christ) and the Holy Spirit. We believe they are one in purpose, in direction, vision, power, love and mercy. But we believe that they are three separate beings.
This question-box-submitter may have wondered about regular old members of the church having aspirations to become gods themselves. In our scriptures, God means the Godhead (as described above) and god is a title given to worthy followers of God who inherit the blessings that He has prepared for them. Sort of on par with Catholic Saints, or Buddhist Bodhisattvas. We don’t worship them, we don’t believe that they have all power or that they are involved in our lives in the way that the Father and the Son and the Holy Spirit are.
Thus, Mormons worship one God (Godhead) only, while acknowledging that there may be “lords many and gods many” in the universe. Perfectly clear, no? If you are still curious about this interplay, find a Mormon friend and ask them! Everyone needs a Mormon friend. There are batches of cookies involved, guaranteed.