Which of the following statements about the North American Industry Classification System (NAICS) is most accurate?
A. The NAICS permits comparability across countries but does not accurately measure new or emerging industries.
B. One drawback to the NAICS is that its industry classifications are inconsistent with the International Standards Organization (ISO).
C. After being used for more than 50 years, the NAICS was replaced by the Standard Industrial Classification (SIC) system.
D. The NAICS groups economic activity to permit studies of market share, demand for goods and services, import competition in domestic markets, and similar studies.
E. The NAICS is a five-digit code that allows comparison of industries even when information is limited.
Answer: D
You might also like to view...
The formal organization is represented by the defined ________ and ______ in decision-making, communication, and control in the organization
A. policies; practices B. procedures; policies C. structures; systems D. systems; plans
In the partnership form of business, the owners are called stockholders.
Answer the following statement true (T) or false (F)
A corporation must record a liability for cash dividends on the date of record.
Answer the following statement true (T) or false (F)
With MP3 compression, you could fit ____ CDs' worth of music rather than only 3 into 1 GB of space.
A. 10 B. 20 C. 30 D. 40