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Question:

Consider the following statements:
Statement 1: Commercial industry classification systems are reviewed and updated less frequently than government industry classification systems.
Statement 2: Commercial industry classification systems do not distinguish between for-profit and not‐for‐profit organizations.
Which of the following is most likely?

A Both statements are incorrect.
explanation

Commercial industry classification systems are reviewed and updated more frequently than government industry classification systems.
Government industry classification systems do not distinguish between for‐profit and not‐for‐ profit organizations.

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