What is the purpose of North American Industry Classification System (NAICS) codes?

What will be an ideal response?


NAICS codes are used by the U.S. Department of Commerce to classify all businesses. The NAICS codes help companies segment markets and do research, and advertisers can even obtain lists of companies in particular NAICS divisions for direct mailings.

Business

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An increase in inventory of $7,000 for the year:

A. increases cash flow from operating activities by $14,000. B. decreases cash flow from operating activities by $14,000. C. decreases cash flow from operating activities by $7,000. D. increases cash from operating activities by $7,000.

Business

In calculating deferred income taxes,______________occur when an item is included in the tax calculation and is never included for financial accounting purposes, or vice versa

Fill in the blank(s) with correct word

Business

Hindrance stressors are ______.

A. positively related to motivation and performance B. positively related to ambition and inefficiency C. negatively related to motivation and performance D. negatively related to ambition and inefficiency

Business

An expenditure for which of the following items would be considered a revenue expenditure?

a. Plant assets b. Ordinary repair c. Addition d. Betterment

Business