Which of the following statements about the North American Industry Classification System (NAICS)is false?
A)the fourth digit designates industry groups
B)the fifth digit designates company name.
C)the third digit designates subsectors
D)the first two digits represent sectors

Question

Quizplus · Accepted Answer

The fifth digit does not designate company name. Instead, it designates industries that are more specific than the industry group designated by the fourth digit.

Which of the Following Statements About the North American Industry