The North American Industry Classification System Data Can Be Used

question 57

Multiple Choice

The North American Industry Classification System data can be used to:

• A)​identify scope for new product lines.
• B)classify firms according to their heterogeneity.
• C)classify business establishments all over the world.
• D)​identify potential new customers.

---

Definitions:

Fixed Costs

Costs that remain constant in total regardless of changes in the level of activity or volume of production.

Property Taxes

Taxes assessed on real estate by the government, based on the property's value, and used to fund public services.

Relevant Range

The range of activity within which the assumptions about variable and fixed costs in a cost model are valid.

GAAP

Generally Accepted Accounting Principles, a collection of commonly-followed accounting rules and standards for financial reporting.