Which of the Following Statements About the North American Industry

question 270

Multiple Choice

Which of the following statements about the North American Industry Classification System (NAICS) is most accurate?

• A)After being used for more than 50 years,the NAICS was replaced by the Standard Industrial Classification (SIC)system.
• B)The NAICS permits comparability across countries but does not accurately measure new or emerging industries.
• C)One drawback to the NAICS is that its industry classifications are inconsistent with the International Standards Organization (ISO).
• D)The NAICS groups economic activity to permit studies of market share,demand for goods and services,import competition in domestic markets,and similar studies.
• E)The NAICS is a five-digit code that allows comparison of industries even when information is limited.

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Definitions:

Testis

A male reproductive organ responsible for producing sperm and testosterone.

Scrotum

The external sac of skin that encloses the testes in males, regulating their temperature for sperm production.

Zygote

The initial cell formed when a sperm cell and an ovum (egg cell) merge at conception, representing the earliest stage of a developing organism.