Compared with the SIC system, the North American Industry Classification System (NAICS) will
A)look at many industries at one time.
B)be used throughout the world.
C)contain the most up-to-date information for the NAFTA partners.
D)provide less information about service industries.
E)generate statistics that will not be useful in comparing countries.

Question

Quizplus · Accepted Answer

The NAICS was developed to provide more current and detailed information for industries in the NAFTA countries (Canada, Mexico, and the United States), making it more relevant and up-to-date for these partners compared to the older SIC system.

Compared with the SIC System, the North American Industry Classification