The First Two Digits of a NAICS Code Designate an Industry

question 55

True/False

The first two digits of a NAICS code designate an industry group,such as fiber,yarn,and thread mills.

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Definitions:

Local Practices

Customs, methods, or activities that are specific to a particular area, community, or culture.

Compensating

Providing remuneration or benefits to employees in return for their work and contribution to the organization.

Global Arena

The international landscape for business or politics where interactions and competitions occur on a global scale.

International HRM

Concerns with managing human resources in multinational corporations, focusing on policies and practices that address the challenges of operating in multiple countries.