Which acronym stands for North American Industry Classification System?

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Multiple Choice

Which acronym stands for North American Industry Classification System?

Explanation:
NAICS is formed from the exact phrase “North American Industry Classification System,” which is the official name used to categorize industries across the U.S., Canada, and Mexico for statistical and economic purposes. That precise wording is what yields the acronym NAICS, so the first option matches the official name. The other choices swap words like North with National, Industry with Industrial, or System with Standards/Service, which do not reflect the standard term used in practice.

NAICS is formed from the exact phrase “North American Industry Classification System,” which is the official name used to categorize industries across the U.S., Canada, and Mexico for statistical and economic purposes. That precise wording is what yields the acronym NAICS, so the first option matches the official name. The other choices swap words like North with National, Industry with Industrial, or System with Standards/Service, which do not reflect the standard term used in practice.

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