Dun and Bradstreet's Industry Norms and Key Business Ratios and the Almanac

question 31

Essay

Dun and Bradstreet's Industry Norms and Key Business Ratios and the Almanac of Business and Industrial Financial Ratios are two publications relevant to managers interested in understanding a company's performance relative to its competitors.
Required:
a.What is the meaning of SIC and NAICS?
b.Explain how the SIC and NAICS codes were developed.
Unit 12-4,

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Definitions:

Indicator

A sign or piece of information that reveals the state or level of something, often used in measuring or assessing conditions.

Intrapsychic Factors

Internal psychological processes and dynamics within an individual's mind that influence behavior and perception.

Outcome Responses

The results or consequences of a particular action, treatment, or intervention, often evaluated in the context of healthcare to determine effectiveness.

Spirituality

The aspect of human experience related to seeking and expressing meaning and purpose, and the way individuals connect to the moment, to themselves, to others, to nature, and to the significant or sacred.