The larger the number of digits under the SIC system, the more specific the industry breakdown.

Name: The larger the number of digits under the SIC system, the more specific the industry breakdown.
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Question

Quizplus · Accepted Answer

The Standard Industrial Classification (SIC) system uses a hierarchical structure where the number of digits in the code increases as the classification becomes more specific, indicating a more detailed industry breakdown.

The Larger the Number of Digits Under the SIC System