The u.s. government coding system that classifies a firm by the nature of its business operations is known as the:__________

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06-09-2022
Social Studies

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The u.s. government coding system that classifies a firm by the nature of its business operations is known as the:__________

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Okpalawalter8idn Okpalawalter8idn · Answer 1 · 2022-09-14T11:20:51-04:00

The US government coding system that classifies a firm by the nature of its business operations is known as the: Standard Industrial Classification codes.

This is further explained below.

What are Standard Industrial Classification codes.?

Generally, Standard Industrial Classification (SIC) codes are numerical numbers with four digits that are used to classify the sectors that organizations belong to based on the activities that they engage in throughout the course of their operations.

The six-digit North American Industry Classification System has largely taken the role of the older, more cumbersome Standard Industrial Classification codes (NAICS).

In conclusion, The Standard Industrial Classification codes are the name of the United States government's coding system that categorizes companies according to the kind of activities that they engage in for a living.

Read more about Standard Industrial Classification codes.

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What are Standard Industrial Classification codes.?

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