What advantages does the NAICS system have over the older SIC system of classification?
What will be an ideal response?
The NAICS system replaces the older standard industrial classification (SIC) codes developed in 1987 for a similar
purpose. The newer NAICS system permits more specific categories (NAICS codes can contain six digits, whereas
SIC codes only contain four), it recognizes more service categories, and it facilitates international use because it was
developed jointly by the U.S., Canada, and Mexico.
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Loans to company employees should be classified on the balance sheet as accounts receivable
Indicate whether the statement is true or false
A possessive noun expression can be replaced with a(n) ________
A) adjective phrase B) adverbial phrase C) prepositional phrase
Voluntarism is an institutionalized system of employee voice in which employees are entitled to participate in workplace decision-making.
Answer the following statement true (T) or false (F)
Brent, who died on January 10, owned 10 shares of Potts Corporation stock. The closest trading dates to January 10 are January 8 (two working days before the date of death) and January 11 (one working day after the date of death). On January 8, the stock traded at a high of 101 and a low of 97, while on January 11, the high was 90 and the low was 86. The date-of-death per-share value is
A) $99.00. B) $95.33. C) $93.50. D) $91.67.