What Do Both GPS and GIS Use

question 18

Multiple Choice

What do both GPS and GIS use?

• A) They both identify the geographic location of features and boundaries on earth, such as natural or constructed features, oceans, and more.
• B) They both link business assets to a centralized system where they can be tracked and monitored over time.
• C) Both use a process that assigns a digital map feature to an attribute that serves as a unique ID (tract number, node number) or classification (soil type, zoning category).
• D) Both use location-based services (LBS) applications that use location information to provide a service.

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Definitions:

Unusual Item

A nonrecurring or rare event that impacts a company's financial statements, not related to the ordinary activities of the business.

Income Statement

A financial report summarizing the revenues, expenses, and profits over a specified period, usually a fiscal quarter or year.

Disposal of a Segment

The process of eliminating a division, department, or segment of a business through sale, closure, or bankruptcy, impacting financial statements.

Accounting Principle

Guidelines and rules that govern the accounting process, ensuring accuracy and consistency in financial reporting.