Which of the Following Statements Concerning the Use of the Geographical

question 14

Multiple Choice

Which of the following statements concerning the use of the Geographical Information System (GIS) method for locating multiple facilities is True?

• A) GIS helps with general facility locations, but is not able to identify specific locations because the transportation structure of roads and interstate highways can't be included in the GIS databases.
• B) Load-distance scores and center of gravity data can be merged with customer databases to arrive at trial locations for facilities.
• C) When locating two new facilities, the entire operating area is split into four subregions, two for each new facility, so the best two locations from the four subregions can be selected.
• D) One weakness of the GIS method is that it is slow and cumbersome, and significant time must be allowed in order to reach a reasonable multiple-facility location decision.

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Definitions:

Persistent Wage Differentials

The continuous difference in wages across sectors, regions, or occupations due to factors like differences in skill levels, working conditions, or geographic location.

Principal-Agent Problems

Issues that arise when a principal hires an agent to perform tasks, and the agent's best interest does not align with the principal's.

Human Capital

The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value to an organization or society.

Apprenticeship Training

A system of training a new generation of practitioners of a trade or profession through on-the-job training and often some accompanying study (classroom work and reading).