The system replacing the SIC will:
A) provide for 20 broad classifications instead of the SIC's 11
B) provide industries to be classified by six-digit codes instead of the SIC's four
C) provide additional classifications to existing classifications such as eating and drinking places
D) provide for "new" industries such as high tech and services
E) all of the above

Question

Quizplus · Accepted Answer

The new system, called NAICS (North American Industry Classification System), provides for 20 broad classifications instead of SIC's 11, and industries will be classified by six-digit codes instead of SIC's four. It also provides additional classifications to existing categories and accounts for "new" industries such as high tech and services. Therefore, all the options mentioned in the question are correct, and thus the answer is E.

The System Replacing the SIC Will