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The Standard Industrial Classification (SIC) Code Is a Classification System

Question 18

Multiple Choice

The Standard Industrial Classification (SIC) code is a classification system based upon which of the following?


A) The way in which a business standardizes its operations according to ISO 90001
B) A federal government classification of the major business activity or service within which the firm operates
C) The standard insurance classification for the risk of insuring a company's employee population
D) The insurance industry classification of a company's risk-adjusted status for rating premiums

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