NAICS Data Are Helpful for Analyzing,segmenting,and Targeting Markets

question 138

Multiple Choice

NAICS data are helpful for analyzing,segmenting,and targeting markets.The system was developed by:

• A) large manufacturers in United States and Mexico that produce similar goods
• B) the North American Free Trade Agreement partners
• C) Brazil,Chile,Argentina,Canada,and the United States working together in a joint venture
• D) the SIC committee
• E) the U.S.government

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Definitions:

Dividends Account

An account that records the dividends declared by a corporation to be distributed to its shareholders.

Net Income

The total profit of a company after all expenses, including taxes, have been deducted from revenues.

Closing Entries

These are journal entries made at the end of an accounting period to transfer temporary accounts to permanent accounts, hence preparing the books for the next period.

Revenue Accounts

Accounts used to record the income generated from the sale of goods or services in the normal course of business.