Which of the Following Statements About the North American Industry

question 6

Multiple Choice

Which of the following statements about the North American Industry Classification System (NAICS) is false?

• A)the fourth digit designates industry groups
• B)in Canada, there are 25 sectors
• C)the third digit designates subsectors
• D)the first two digits represent sectors

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Definitions:

Conditional Sale Agreement

A contract for the sale of goods where the purchase price is paid in installments and the ownership (title) of the item does not pass to the buyer until certain conditions, often the full payment, are met.

Provincial Legislation

Laws and regulations enacted by the legislative bodies of provinces or territories within a country.

Registration

The act of recording information or names officially, often for legal, official, or security purposes.

Snowmobile

A motorized vehicle designed for travel over snow, usually on runners with a treaded rear allowing for propulsion across snow-covered terrains.