Which of the Following Statements Is True About the North

Multiple Choice

Which of the following statements is true about the North American Industry Classification System (NAICS) ?

A) After being used more than 50 years, NAICS was replaced by the Standard Industrial Classification (SIC) system.
B) NAICS neither permits comparability across countries nor accurately measures new or emerging industries.
C) NAICS provides a five-digit national industry code to each of the three countries.
D) NAICS groups economic activity to permit studies of market share, demand for goods and services, competition from imports in domestic markets, and similar studies.