Which of the Following Statements About NAICS Codes Is True

question 247

Multiple Choice

Which of the following statements about NAICS codes is true?

• A)The fewer numbers in the code,the more general the industry classification is.
• B)The more numbers in the code,the more general the industry classification is.
• C)The fewer numbers in the code,the more specific the industry classification is.
• D)The United States is the only country to collect data that groups firms in similar lines of business.
• E)None of these answers is correct.

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Definitions:

Standard Deviation

A numerical value indicating the spread of data points around the mean of the dataset.

Less Than

Less than is a mathematical term used to indicate that one quantity is smaller than another, often symbolized by "<".

Variable

Any characteristic, number, or quantity that can be measured or counted.

Normally Distributed

This symmetric distribution about the mean suggests that events are more likely to happen closer to the mean than farther from it.