The federal SIC Code is a system that describes the major purchasing categories of each company for bidding purposes.

Name: The federal SIC Code is a system that describes the major purchasing categories of each company for bidding purposes.
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Question

Quizplus · Accepted Answer

The Standard Industrial Classification (SIC) Code is a system used to classify industries by a four-digit code, primarily for statistical purposes, not specifically for purchasing or bidding.

The Federal SIC Code Is a System That Describes the Major