The System That Provides Common Industry Definitions for Canada, Mexico

question 98

Multiple Choice

The system that 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) is called:

• A)Federated Trade Codification (FTC).
• B)the North American Industry Classification System (NAICS).
• C)Federated Domestic and International Classification (FDIC).
• D)Strategic International Classification (SIC).

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Definitions:

Pay Secrecy

Pay secrecy is the practice of preventing employees from disclosing or discussing their compensation with coworkers.

Conventional Merit Pay

A pay system where employees receive increases in pay based on their performance evaluations or achievements, traditionally seen in annual reviews.

Bonus Pay

Additional compensation given to employees on top of their regular salary, often as a reward for achieving specific goals or performance benchmarks.

Correct Figure

An accurate representation or calculation that has been verified to be in line with established facts or standards.