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Pavel [41]
3 years ago
15

g The difference between a three-digit North American Industry Classification System (NAICS) industry and a six-digit NAICS indu

stry is that:
Business
1 answer:
sashaice [31]3 years ago
6 0

Answer:

A 3 digit code by NAICS represents the subsector of the type of business in America while a six digit code represents country level national industries.

Explanation:

The NAICS stands for North American Industry Classification. It is a standard used by the various federal statistical agencies to classify business for collecting, analyzing as well as publishing the statistical data which is related to the business economy of the US.

In the code of NAICS, a three digit industry is considered as a sub-industry of the two digit industry. Each of 3 digit code business are further divided into 4,5 or 6 digit code industries.

The six digit code used by NAICS is given to the national industries. It permits the firms to find the codes of their present customers and also helps them to find the code lists for the similar firms.

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Brrunno [24]

Answer: Sold at a discount because the market interest rate was higher than the stated rate. S

Explanation:

the bonds was Sold at a discount because the market interest rate was higher than the stated rate. This is as a result of the bonds issued which were at a discount having its market price way lower than its face value. Bonds tends to be sold at a discount when the market interest rate has exceeded the stated rate of the said bond.

6 0
3 years ago
Hugh buys a new calculator for $125 from the PaperMills stationery store. A week later, he sees an ad from another stationery st
tamaranim1 [39]

Answer:

Hugh's statement is an attempt to reduce his frustration about buying the product at a more expensive price.

Explanation:

Human beings always try to find a reason to justify their actions, even if that particular action was a bad one.

Hugh bought a calculator for $125 from one store and the next week, he saw the same calculator being advertised for a significantly lower amount. He felt cheated and he immediately blamed himself for being cheated when there was a better deal out there. As a way to make himself feel better about the ordeal, he tells himself that the product quality from the second store is always known to be of an inferior quality.

This is a defence mechanism to cover or try to hide our frustrations and anger at things not going our way so we invent something that will make us immediately feel better about ourselves and our decision.

8 0
3 years ago
Comparative advantage in production is achieved by: Group of answer choices Subsidizing, specializing, and lowering the price of
madreJ [45]

Answer:

Having a lower opportunity cost of producing a good relative to that of other countries.

Explanation:

Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.

The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.

Also, the principle of comparative advantage asserts that countries can become better off by specializing in what they do best.

This simply means that, any country applying the principle of comparative advantage, would enjoy an increase in output and consequently, a boost in their Gross Domestic Products (GDP).

Hence, comparative advantage in production is achieved by having a lower opportunity cost of producing a good relative to that of other countries.

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tatuchka [14]

Answer: Sole Proprietorship

Explanation:

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4 years ago
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