There Are Two Major Classification Systems That Code Industries: NAICS

question 10

True/False

There are two major classification systems that code industries: NAICS and SIC.

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Definitions:

Parent And Child

The legal relationship between a parental figure and a child, including rights and duties pertaining to care, custody, and support.

Lawyer And Client

The professional relationship between a lawyer and their client, characterized by trust, confidentiality, and the obligation to work in the client's best interests.

Salesperson And Customer

The relationship and interaction between an individual who sells products or services and the individual who buys or is intending to buy those products or services.

Mutual Mistake

A situation where all parties involved in a contract are mistaken about a fundamental fact at the time of contract formation, potentially making the contract voidable.