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

What will be an ideal response?


The North American Industry Classification System (NAICS) designates industries with a numerical code in a defined structure. The first two digits of the NAICS code designate an industry sector of the economy. A third digit code signifies an industry subsector. Subsectors are further divided into four-digit industry groups, five-digit industries, and six-digit country-specific or national industries. The system provides common industry definitions for Canada, Mexico, and the United States to facilitate the measurement of economic activity in the three member countries of the North American Free Trade Agreement (NAFTA).

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______ is a process of establishing trust and comfort during the interview process.

a. Friendship b. Orientation c. Rapport d. Opening

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What are the reasons companies use coding schemes in their accounting information systems?

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On your resume, the entries in each of your bulleted lists should be short, active, and memorable. Starting each of these entries with a(n) passive verb makes them more interesting and easier to read. _________________________

Answer the following statement true (T) or false (F)

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Net income is defined as:

A) revenue plus expenses. B) revenue less assets. C) expenses less revenue. D) revenue less expenses.

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