When Referencing NAICS Codes, Marketers Should Know That

question 80

Multiple Choice

When referencing NAICS codes, marketers should know that:

• A) two-digit industries are subindustries of the three-digit industries.
• B) two-digit codes offer the broadest categorization of industries.
• C) categories become less detailed as you move to codes with more digits.
• D) the international version of the NAICS system is the most accurate and reliable.
• E) NAICS codes provide detailed information about the apparel industry only.

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Definitions:

Population

The total number of individuals of a species living in a particular area or environment, considered together as a group for study in various sciences.

Biased Sample

A sample that does not accurately represent the population from which it was drawn, due to systematic exclusion of some part of the population.

Double-Blind Control

An experimental setup where neither the participants nor the experimenters know who is receiving a particular treatment, minimizing bias.

Experimenter Bias

A method in which researchers involved in the study affect the outcomes to reflect a specific result.