Identify a True Statement About the North American Industry Classification

question 55

Multiple Choice

Identify a true statement about the North American Industry Classification System (NAICS) .

• A)It is generally used by entrepreneurs to get detailed information about local competitive environment.
• B)It provides potential entrepreneurs with data related to industry categorization.
• C)It provides an entrepreneur with a standard 15-digit industry code.
• D)It is unable to provide any information about national trends of specific industries.

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Definitions:

Blood test

A medical procedure in which a blood sample is taken to be analyzed in a laboratory.

Gout

A medical condition characterized by an elevated uric acid level and recurrent acute arthritis.

Heart disease

A range of conditions that affect the heart, including coronary artery disease, heart rhythm problems (arrhythmias), and congenital heart defects.

Diabetes mellitus

A metabolic disorder characterized by high blood sugar levels over a prolonged period due to insulin production issues or its action on cells.