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GPS Utilizes Location-Based Services (LBS), Applications That Use Location Information

question 51

True/False

GPS utilizes location-based services (LBS), applications that use location information to provide a service, whereas a GIS does not use LBS applications.


Definitions:

Job-Order Costing

A costing system that tracks costs individually for each job, suitable for manufacturing or service sectors that produce unique products or services.

Unadjusted Cost of Goods Sold

The total cost attributed to products that have been sold over a period, without any adjustments for inventory changes or other factors.

Journal Entry

A record in accounting that represents every individual transaction made by a company, documented in the chronological order.

Operations

The fundamental activities undertaken by a business to provide its products or services.

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