Which of the following statements is true of the North American Industry Classification System (NAICS)?
A) It was developed by the Federal Trade Commission (FTC).
B) It uses an 8-digit classification system.
C) It was created to collect data on North America's business activity.
D) It is limited in its use to only manufacturing companies.
E) It is a classification system developed by the United States.

Question

Quizplus · Accepted Answer

The United States,Canada,and Mexico developed the NAICS as a classification scheme to collect data on business activity in each country.

Which of the Following Statements Is True of the North