NAICS Codes Are a Classification of Businesses That ___________

question 90

Multiple Choice

NAICS codes are a classification of businesses that ___________.

• A) List the primary output of the business
• B) Each company gets only one code
• C) Are used across the US, Mexico and Canada
• D) Defines 20 major business sectors
• E) All of the above

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Definitions:

Heart Rate Monitor

A device that measures and displays the number of heartbeats per unit of time, used to monitor heart activity during exercise or daily activities.

Opportunity Cost

The cost of the next best alternative that is forgone when making a decision.

Scenario 1-5

A series of hypothetical or planned situations used for strategic planning, decision making, or analysis, labeled numerically for differentiation.

Working

Engaging in a physical or mental activity to achieve an objective, often to earn an income.