Which of the Following Statements Is True of the North

question 51

Multiple Choice

Which of the following statements is true of the North American Industry Classification System (NAICS) ?

• A) It was developed by the Federal Trade Commission (FTC).
• B) It uses an 8-digit classification system.
• C) It was created to collect data on North America's business activity.
• D) It is limited in its use to only manufacturing companies.
• E) It is a classification system developed by the United States.

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Definitions:

Moral Reasoning

The process of determining right and wrong in ethical situations, often guided by moral principles, values, and beliefs.

Longitudinal

A type of study or analysis that follows the same subjects over a period of time, observing changes and developments.

Four Years

A period equivalent to 48 months or the typical duration for completing an undergraduate degree.

Cross-sectional

A research method that involves examining data from a population at a single point in time to investigate relationships or outcomes.