Question 1

The NAICS is consistent with the International Standard Industrial Classification of All Economic Activities, which is published by the __________ to facilitate measurement of global economic activity.

Accepted Answer

The United Nations (UN) publishes the International Standard Industrial Classification of All Economic Activities (ISIC) to facilitate measurement of global economic activity. The North American Industry Classification System (NAICS) is consistent with ISIC, making it easier to compare economic data across countries.

Question 2

The North American Industry Classification System (NAICS) permits a firm to

Accepted Answer

NAICS allows firms to identify their industry classification and locate potential similar customers by obtaining NAICS-coded lists.

Question 3

The North American Industry Classification System (NAICS) designates industries with a numerical code in a defined structure. A six-digit coding system is used. The sixth digit designates a(n)

Accepted Answer

The sixth digit in the NAICS code designates an individual country-level national industry, allowing for country-specific detail.

Question 4

The North American Industry Classification System (NAICS) designates industries with a numerical code in a defined structure. A six-digit coding system is used. The third digit designates a(n)

Accepted Answer

The third digit in the NAICS code designates the industry subsector.

Question 5

The North American Industry Classification System (NAICS) provides common industry definitions to facilitate the measurement of economic activity for the member countries of the

Accepted Answer

The North American Industry Classification System (NAICS) provides common industry definitions to facilitate the measurement of economic activity for the member countries of the North American Free Trade Agreement (NAFTA), which includes the United States, Canada, and Mexico. The other options listed do not include these member countries.

Question 6

-Based on Figure 5-1 above, what is the most likely industry sector represented by NAICS code 51?

Accepted Answer

NAICS code 51 is designated for the Information sector, which includes industries such as publishing, broadcasting, telecommunications, and data processing.

Question 7

The North American Industry Classification System (NAICS) designates industries with a numerical code in a defined structure. A six-digit coding system is used. The fourth digit designates a(n)

Accepted Answer

The fourth digit in the NAICS code represents the industry group, which is a more specific classification within the broader industry subsector.

Question 8

-In the breakdown for the NAICS code based on Figure 5-1 above, C represents the

Accepted Answer

The answer of 
-In the breakdown for the NAICS code...

Question 9

-In the breakdown for the NAICS code based on Figure 5-1 above, Column A represents the

Accepted Answer

The answer of 
-In the breakdown for the NAICS code...

Question 10

-In the breakdown for the NAICS code based on Figure 5-1 above, D represents the

Accepted Answer

The answer of 
-In the breakdown for the NAICS code...

Question 11

The NAICS provides common industry definitions for

Accepted Answer

The North American Industry Classification System (NAICS) provides common industry definitions for Canada, Mexico, and the United States.

Question 12

A disadvantage of the North American Industry Classification System (NAICS) is that

Accepted Answer

The NAICS system may not always have five-digit national industry codes available for companies in all three participating countries (US, Canada, Mexico), which can limit its usefulness for cross-border analysis.

Question 13

The North American Industry Classification System (NAICS) designates industries with a numerical code in a defined structure. A six-digit coding system is used. The first two digits designate a(n)

Accepted Answer

The NAICS designates industries with a numerical code in a defined structure.A six-digit coding system is used.The first two digits designate a sector of the economy,the third digit designates a subsector,and the fourth digit represents an industry group.The fifth digit designates a specific industry and is the most detailed level at which comparable data are available for Canada,Mexico,and the United States.The sixth digit designates individual country-level national industries.

Question 14

-Based on Figure 5-1 above, what is the NAICS code for cable and other subscription programming?

Accepted Answer

The answer of 
-Based on Figure 5-1 above, what is...

Question 15

The North American Industry Classification System (NAICS) designates industries with a numerical code in a defined structure. A six-digit coding system is used. The fifth digit designates a(n)

Accepted Answer

The NAICS designates industries with a numerical code in a defined structure.A six-digit coding system is used.The first two digits designate a sector of the economy,the third digit designates a subsector,and the fourth digit represents an industry group.The fifth digit designates a specific industry and is the most detailed level at which comparable data are available for Canada,Mexico,and the United States.The sixth digit designates individual country-level national industries.

Question 16

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

Accepted Answer

The statement that the NAICS groups economic activity to permit studies of market share, demand for goods and services, import competition in domestic markets, and similar studies is the most accurate. The other statements are either incorrect or incomplete. The SIC system was replaced by the NAICS, not the other way around (A). The NAICS does allow comparability across countries, but it also accurately measures new and emerging industries (B). The industry classifications in the NAICS are consistent with the International Standards Organization (ISO) (C). The NAICS is a six-digit code, not a five-digit code (E).

Question 17

-In the breakdown for the NAICS code based on Figure 5-1 above, B represents the

Accepted Answer

The answer of 
-In the breakdown for the NAICS code...

Question 18

The North American Industry Classification System (NAICS)

Accepted Answer

The answer of The North American Industry Classification System (NAICS)
...

Question 19

The acronym NAICS stands for

Accepted Answer

NAICS stands for North American Industry Classification System, which is used by governments and businesses to standardize and track economic activities in North America.

Question 20

The system that provides common industry definitions for Canada, Mexico, and the United States, which makes it easier to measure economic activity in the three member countries of the North American Free Trade Agreement (NAFTA), is referred to as the

Accepted Answer

The system that provides common industry definitions for Canada, Mexico, and the United States is the North American Industry Classification System (NAICS).

Quiz 5: Understanding Organizations As Customers

The NAICS is consistent with the International Standard Industrial Classification of All Economic Activities, which is published by the __________ to facilitate measurement of global economic activity.

The North American Industry Classification System (NAICS) permits a firm to

The North American Industry Classification System (NAICS) designates industries with a numerical code in a defined structure. A six-digit coding system is used. The sixth digit designates a(n)

The North American Industry Classification System (NAICS) designates industries with a numerical code in a defined structure. A six-digit coding system is used. The third digit designates a(n)

The North American Industry Classification System (NAICS) provides common industry definitions to facilitate the measurement of economic activity for the member countries of the

-Based on Figure 5-1 above, what is the most likely industry sector represented by NAICS code 51?

The North American Industry Classification System (NAICS) designates industries with a numerical code in a defined structure. A six-digit coding system is used. The fourth digit designates a(n)

-In the breakdown for the NAICS code based on Figure 5-1 above, C represents the

-In the breakdown for the NAICS code based on Figure 5-1 above, Column A represents the

-In the breakdown for the NAICS code based on Figure 5-1 above, D represents the

The NAICS provides common industry definitions for

A disadvantage of the North American Industry Classification System (NAICS) is that

The North American Industry Classification System (NAICS) designates industries with a numerical code in a defined structure. A six-digit coding system is used. The first two digits designate a(n)

-Based on Figure 5-1 above, what is the NAICS code for cable and other subscription programming?

The North American Industry Classification System (NAICS) designates industries with a numerical code in a defined structure. A six-digit coding system is used. The fifth digit designates a(n)

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

-In the breakdown for the NAICS code based on Figure 5-1 above, B represents the

The North American Industry Classification System (NAICS)

The acronym NAICS stands for

The system that provides common industry definitions for Canada, Mexico, and the United States, which makes it easier to measure economic activity in the three member countries of the North American Free Trade Agreement (NAFTA) , is referred to as the