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Dun and Bradstreet's Industry Norms and Key Business Ratios and the Almanac

Question 19

Essay

Dun and Bradstreet's Industry Norms and Key Business Ratios and the Almanac of Business and Industrial Financial Ratios are two publications relevant to managers interested in understanding a company's performance relative to its competitors.
Required:
a.What is the meaning of SIC and NAICS?
b.Explain how the SIC and NAICS codes were developed.

Correct Answer:

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a.SIC is the Standard Industrial Classif...

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