The Grid Approach Is Used to Determine a Fixed Facility

question 22

Multiple Choice

The grid approach is used to determine a fixed facility location that is the least cost center for moving both raw materials and finished goods within a geographic grid.This least cost center is also referred to as

• A) a zero point.
• B) a source point.
• C) grid zero.
• D) a center of gravity.

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Definitions:

Purely Philanthropic

Activities or initiatives completely driven by a desire to promote the welfare of others, typically characterized by voluntary financial donations without expectation of any return.

Third Sector

A term used to describe the segment of society that encompasses nonprofit organizations, charities, and voluntary groups which operate independently from the government and the private sector.

Tax-Exempt Sector

Part of the economy made up of organizations that are exempt from paying federal and/or state income taxes, typically including charities, religious organizations, and other nonprofits.

Fourth Sector

The Fourth Sector refers to a developing sector of the economy that combines the agendas and characteristics of the public, private, and nonprofit sectors aiming to create social and environmental impact alongside financial returns.