Final answer:
GPI anchored proteins are located on the extracellular side of the cell membrane and play a role in cell signaling and attachment.
Step-by-step explanation:
GPI (Glycosylphosphatidylinositol) anchored proteins are located on the extracellular side of the cell membrane and play a role in cell signaling and attachment. They are not primarily located in the cytoplasm. These proteins are integrated into the cell membrane via a transmembrane domain, meaning they span the entire membrane. GPI anchors are not commonly found in intracellular organelles like the endoplasmic reticulum.