NAICS Provides Less Information About Service Industries and High-Tech Products

question 34

True/False

NAICS provides less information about service industries and high-tech products than did the SIC system.

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Definitions:

Immanuel Kant

A German philosopher in the 18th century whose work on metaphysics, epistemology, ethics, and aesthetics had a profound impact on various philosophical movements such as the Enlightenment.

Rank Correlation Coefficient

A measure that assesses the degree of association between two ranked variables.

Quantitative Data

Numerical data that can be measured or counted, often used in statistical analysis to quantify behaviors, opinions, or other defined variables.

Linearly Related

A term describing two or more variables that change together in a way that can be represented with a straight line in a graph.