SIC (CDQ)

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DataModel:CDQ/Business Partner/Partner Profile/Classification/Classification Type/SIC
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The human-friendly name shown for this concept in the user interface, used instead of the technical name to improve readability and understanding. Display name SIC
The unique name used to identify this technical concept within the data model. Technical name SIC
Informal and comprehensive human-readable definition of a concept. Description The Standard Industrial Classification (SIC) was a system for classifying industries by a four-digit code as a method of standardizing industry classification for statistical purposes across agencies. Established in the United States in 1937, it is used by government agencies to classify industry areas. Similar SIC systems are also used by agencies in other countries, e.g., by the United Kingdom's Companies House. In the United States, the SIC system was last revised in 1987 and was last used by the Census Bureau for the 1992 Economic Census, and has been replaced by the North American Industry Classification System (NAICS), which was released in 1997. Some U.S. government departments and agencies, such as the U.S. Securities and Exchange Commission (SEC), continued to use SIC codes through at least 2019.
Source of related data records or broader information, may be external reference data sources or "CDQ" as internal source. Data source CDQ (Data source)
The broader or parent concept to which this concept belongs, used to define hierarchical or structural relationships between concepts. Parent concept Classification Type (CDQ)
Specifies the role of the concept within the hierarchy or tree-like network:<br/>- <code>ROOT</code>: the top-level concept without a parent<br/>- <code>NODE</code>: an intermediate concept with both parent and child<br/>- <code>LEAF</code>: a terminal concept without children<br/>- <code>TYPE</code>: a concrete type of a concept, e.g. <code>LEGAL_ENTITY</code> of a business partner type. Concept type TYPE

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