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:

Covariance

Extent to which two variables vary together such that they have shared variance.

Null Hypothesis

The premise in hypothesis testing that suggests there is no association or effect among the variables being tested.

Null Hypothesis

A statement positing that there is no significant effect or difference for a specific population parameter.

Positive Relationship

Relationship in which increases in scores for one variable are associated with increases in scores of another variable.