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:

Writing Options

The act of creating an options contract to sell to another party, involving the obligation to buy or sell the underlying asset if the option is exercised.

Risk Lover

An individual or investor who prefers to take more risk in their investments for the possibility of higher returns.

Risk-Neutral

An attitude or assumption in financial theory where an investor doesn't require higher returns for taking on more risk.

Risk Averse

Refers to the preference of individuals or entities to avoid uncertainty and risky situations, opting for the safest outcome when faced with choices.