The more digits in a North American Industry Classification System (NAICS) code, the less homogeneous a group will be
Indicate whether the statement is true or false
a. True
b. False
ANSWER: False
The more digits in a code, the more homogeneous a group will be. The North American Industry Classification System (NAICS) is a detailed numbering system developed for classifying North American business establishments by their main production processes.
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An equity investment in less than 20% of another company's stock is accounted for using the cost method
a. True b. False Indicate whether the statement is true or false
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