Which of the following is replacing the SIC?
A) NAFTA
B) NAICS
C) SIC2005
D) NACIS
E) SECDAT

Question

Quizplus · Accepted Answer

NAICS (North American Industry Classification System) is replacing SIC (Standard Industrial Classification) as the standard system for classifying business establishments in North America. NAICS was developed jointly by Canada, Mexico, and the United States to provide common definitions and standards for the analysis of business activity across North America.

Which of the Following Is Replacing the SIC