Grid Systems Are Important to Locational Analysis Because They Allow

question 78

True/False

Grid systems are important to locational analysis because they allow one to analyze spatial relationships with relatively simple mathematical tools.

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Definitions:

Opportunity Cost

The price of missing out on the next best option while making a choice or deciding between various possibilities.

Borrowed Funds

Capital that is obtained through loans or credit, typically for investment or expenditures, that needs to be repaid.

Retained Earnings

The portion of a company's profits not distributed to shareholders as dividends but instead reinvested in the business or kept as reserve.

Expected Costs

The forecasted amount of expenses that will be incurred as a result of a certain action or decision.