Which Are the Two Major Classification Systems That Code Industries

question 97

Multiple Choice

Which are the two major classification systems that code industries?

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

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Definitions:

Sum Squared Deviations

The sum of the squares of each data point's deviation from the mean, a measure used in statistics to quantify variability within a data set.

Sample Mean

The average computed from a sample set of data, representing the central tendency or typical value of the sampled population.

Median

The middle value in a data set, which divides the set into two equal halves.

Extreme Values

Data points that are significantly higher or lower than the majority of a data set, often considered as outliers or anomalies.