What are the major advantages of the North American Industry Classification System (NAICS)?

What will be an ideal response?


The NAICS classification is based on production activities. NAICS is similar to the International Standard Industrial Classification (ISIC) system used in Europe and many other parts of the world. NAICS divides industrial activity into 20 sectors. NAICS contains 1,170 industry classifications. NAICS is comprehensive and up to date, and it provides considerably more information about service industries and high-tech products.

Business

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Which of the following is not a critical dimension for successful implementation of TQM in a service context?

a. information and analysis system b. customer focus c. human resource management d. employee satisfaction e. decision centralization

Business

Context is a complex, multidimensional force that should be considered when planning a message

Indicate whether the statement is true or false

Business

If an exculpatory clause limits liability for damages caused by negligent conduct, the tortfeasor's liability is: A) contributorily negligent

B) not limited if the conduct is willful. C) limited unless the plaintiff signed a release. D) limited if the conduct is grossly negligent.

Business

________ is usually the second largest cost, behind the cost of goods sold that a company will incur.

Fill in the blank(s) with the appropriate word(s).

Business