Which of the following statements is incorrect?
a. The North American Industry Classification System (NAICS) was created jointly by the United States, Canada, and Mexico.
b. For the NAICS, economic units with similar production processes are classified in the same industry, and the lines drawn between industries demarcate differences in production processes.
c. NAICS provides enhanced industry comparability among the three NAFTA trading partners.
d. NAICS divides the economy into twenty sectors.
e. In most sectors, NAICS provides for compatibility at the industry (six-digit) level.
E
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The adjusting entry process is completed to account for all revenues of the period and all expenses of the period. Completion of this step in the accounting process is required under which accounting principle?
a. Cash principle b. Historical cost principle c. Matching principle d. Debit principle e. All of the above
During the ____ stage the group establishes its long-term vision and how it will function over time.
a. Storming b. Forming c. Performing d. Norming
Indicate the correct form of the verb in parentheses. I (present perfect tense of see) the northern lights three times
Long queues are evidence of a _________ problem.
What will be an ideal response?