What Can Managers Use the NAICS Data to Do

question 9

Multiple Choice

What can managers use the NAICS data to do?

• A)create a more focused mission statement
• B)eliminate risk
• C)classify consumer behaviour
• D)identify potential new customers

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Definitions:

Compounded Monthly

A method of calculating interest whereby the interest is added to the principal each month, and the following month's interest is calculated on the increased total.

Monthly Payments

Regular payments made every month, commonly associated with loans or lease agreements, to repay or maintain a financial obligation.

Rate of Return

The increase or decrease in value of an investment during a specified time frame, represented as a proportion of the investment's original price.

Annual Cash Flows

The cumulative sum of funds moving in and out of a company, particularly impacting its liquidity, throughout a year.