The NAICS Uses a Five Digit Hierarchical Coding System to Classify

question 25

True/False

The NAICS uses a five digit hierarchical coding system to classify all economic activity into 20 industry sectors,providing greater flexibility relative to SIC codes.A total of 15 of these sectors are devoted to services-producing sectors,compared to only 5 that are mainly goods-producing sectors.NAICS allows for identification of 1,170 industries.It includes 9 new service sectors and 250 new service industries.

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Definitions:

Racial Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, color, or ethnic origin.

Daily Hassle

Routine challenges or minor annoyances that individuals face in their everyday life, which can accumulate and affect their overall stress levels.

Catastrophe

A sudden and widespread disaster that causes great damage or suffering.

Trauma

A deeply distressing or disturbing experience that can have long-lasting psychological effects.