If NAICS code 13 is assigned to Oil & Gas Extraction, then NAICS code 1321 could signify Natural Gas Liquids, which is indicative of the fact that this 4 digit code (1321) is representing the specific industry group (Oil & Gas Extraction).

Question

Quizplus · Accepted Answer

NAICS code 1321 does signify Natural Gas Liquids, which is a specific industry group within the broader category of Oil & Gas Extraction, as indicated by the first two digits of the code (13). Therefore, the statement is true.

If NAICS Code 13 Is Assigned to Oil & Gas