What Is a Global Positioning System

question 35

Multiple Choice

What is a global positioning system?

• A) A device that determines current latitude, longitude, speed, and direction of movement
• B) Designed to work with information that can be shown on a map
• C) Contains a microchip and an antenna, and typically work by transmitting a serial number via radio waves to an electronic reader, which confirms the identity of a person or object bearing the tag
• D) Commonly used to transmit network signals over great distances

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Definitions:

Probability of Nonpayment

The likelihood or risk that a borrower will not be able to make the scheduled payments on their debt obligations.

Revenue

The total income generated by a company from its business activities before any expenses are subtracted.

Inventory Shortage Cost

Costs incurred from not having enough stock on hand, including lost sales, backorders, and potentially lower customer satisfaction.

Storage and Tracking

Methods and systems used for keeping track of inventory or assets and maintaining their condition over time.