What Is a GIS Map

question 31

Multiple Choice

What is a GIS map?

• A) Links business assets to a centralized system where they can be tracked and monitored over time.
• B) Identifies the geographic location of features and boundaries on Earth, such as natural or constructed features, oceans, and more.
• C) Stores, views, and analyzes geographic data, creating multidimensional charts or maps.
• D) A round coin-sized object, is uniquely numbered and hidden in geocache.

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Definitions:

FIFO Method

A method of inventory valuation where goods are sold or used in the same order in which they are acquired, with the oldest inventory items being recorded as sold first.

Conversion Costs

Expenses incurred in converting raw materials into finished products, typically including labor and overhead.

Weighted-Average Method

An inventory costing method that assigns a weighted average cost to each unit of inventory on hand based on the cost of goods available for sale and the units available for sale.

FIFO Method

First-In, First-Out; an inventory valuation method where the oldest inventory items are recorded as sold first.