The North American Industry Classification System (NAICS) Designates Industries with a Numerical

question 40

Multiple Choice

The North American Industry Classification System (NAICS) designates industries with a numerical code in a defined structure. A six-digit coding system is used. The fifth digit designates

• A) an industry subsector.
• B) an industry group.
• C) a specific industry.
• D) an individual country-level national industry.
• E) a sector of the economy.

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Definitions:

Speaker

A term with multiple meanings; in a legislative context, it typically refers to the presiding officer in a legislative body, such as the Speaker of the House in the U.S. Congress.

Committees

Subgroups within legislative bodies, organized around specific topics, responsibilities, or issues, tasked with conducting hearings, drafting legislation, and overseeing government operations related to their focus areas.

House

Refers to a legislative chamber, often the lower house in a bicameral system, such as the House of Representatives in the United States Congress.

Budget

An itemized summary of estimated or intended expenditures and revenues for a given period, often used by governments, businesses, and individuals to manage finances.