The classification system used to classify firms into industries is now called the ________ code.
A) SIC
B) NAICS
C) ISO 57
D) ISM

Question

Quizplus · Accepted Answer

The current classification system used to classify firms into industries is called the North American Industry Classification System (NAICS). The Standard Industrial Classification (SIC) code was an earlier classification system that has since been replaced by NAICS. ISO 57 and ISM are not commonly used classification systems for industries.

The Classification System Used to Classify Firms into Industries Is