When Looking at NAICS Codes

question 169

Multiple Choice

When looking at NAICS codes:

• A) The fewer numbers in the code, the more general the industry classification is.
• B) The more numbers in the code, the more general the industry classification is.
• C) The fewer numbers in the code, the more specific the industry classification is.
• D) The United States is the only country to collect data that groups firms in similar lines of business.
• E) None of these alternatives is correct.

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Definitions:

Income Received

Refers to the total amount of money or its equivalent received by an individual or a group over a specific time period, including wages, salaries, benefits, and earnings from investments.

Conservative Solution

A Conservative Solution refers to a strategy or approach that leans towards traditional values and the avoidance of risk in the context of economic, political, or social issues.

Welfare Dependency

A situation where individuals or families rely on government welfare programs as their main source of income over extended periods.

Under 18

A term typically referring to individuals who are below the age of 18, often used in contexts regarding employment, legal responsibilities, and rights.