Which of the Following Are the Two Major Classification Systems

question 33

Multiple Choice

Which of the following are the two major classification systems that code industries?

• A) NAICS and SIC
• B) SCALE and SCOPE
• C) SWOT and VRIO
• D) OLC and SWOT

Differentiate between various types of financial statements and understand their purposes.

Comprehend the significance of accounting cycles and their impact on financial reporting.

Know the basic accounting principles and assumptions guiding financial reporting.

Understand the fundamental concepts of capital budgeting and the process involved in long-term investment decisions.

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Definitions:

Bimodal Distribution

A probability distribution with two different modes or peaks.

Distribution

In statistics, the way in which values of a variable are spread or dispersed across a range.

Height

A measurement of how tall a person or structure is, typically measured from the base to the top.

Standard Deviation

A measure of variability that shows the spread or dispersion of a set of data points.