The SIC codes:

Question

The SIC codes:

Quizplus · Accepted Answer

The SIC codes were developed by the U.S. government to collect and disseminate meaningful information on different sectors of the economy. They have been used since the 1930s to classify and compare businesses in the United States. The other options are incorrect:
A) The SIC codes do not establish a common code between the United States, Canada, and Mexico.
B) The SIC codes organize the economy into 10 divisions, not 5.
D) The ISIC is the International Standard Industrial Classification of All Economic Activities and is not the same as the SIC codes.
E) The SIC codes were created to reflect the economy at the time of their development and have not been updated to reflect industries in services and emerging technology fields.

The SIC Codes