The Government Uses a System Called NAICS to Classify North

question 7

Multiple Choice

The government uses a system called NAICS to classify North American business establishments.NAICS stands for:

• A) Non-American Industry Classification System
• B) North and South American Institutional Coding Services
• C) Non-American Industrial Corporation System
• D) North American Institution Code System
• E) North American Industry Classification System

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Definitions:

Receiving Cash

The process involving the collection or receipt of cash in a business transaction.

Not Satisfied

A term indicating that expectations, requirements, or conditions have not been met to an adequate degree.

Selling Price

The price at which a product or service is offered for sale to consumers.

Defective Merchandise

Goods that are flawed or fail to meet quality standards or specifications, often leading to returns or exchanges.