The North American Industry Classification System (NAICS)codes

question 38

Multiple Choice

The North American Industry Classification System (NAICS) codes:

• A) will soon be replaced by the strategic industrial classification.
• B) are published by the North American Treaty Alliance.
• C) organize all industries in our economy into 20 broad sectors.
• D) have no relevance for marketers outside the United States.
• E) were developed in co-operation with Brazil and China.

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Definitions:

Straight-Line Method

A rephrased definition: A method for calculating depreciation by dividing the difference between an asset's cost and its salvage value by the number of years it is expected to be used.

Amortization

The gradual reduction of the cost or value of an intangible asset over its useful life.

Bond Premium

The amount by which the market price of a bond exceeds its face value, typically occurring when the bond's interest rate is higher than the current market rate.

Issued

Refers to securities or other financial instruments that have been officially distributed to investors or the public.