An Important Application of a Geofence Is to Notify Personnel

question 50

True/False

An important application of a geofence is to notify personnel when trucks or other containers are nearing their destination.

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Definitions:

International Customer

A customer residing in a different country than the one where the seller's business operates, often requiring considerations for shipping, customs, and currency exchange.

Fiscal Year

A one-year period used for accounting and financial reporting purposes, which may not align with the calendar year.

Foreign Exchange Gain

Profit arising from fluctuations in exchange rates which increase the value of foreign currency-denominated assets.

Exchange Rate

The valuation of a currency when converted to a different currency, which indicates the equivalent amount in the second currency.