Which statement is true regarding product and service codes?

The correct answer states that product and service codes should be selected based on the main product or service being purchased. This practice is essential because these codes serve as a standardized way to classify and identify products and services within government procurement. By accurately selecting the appropriate codes, agencies can ensure that they are aligned with federal procurement regulations and can efficiently track expenditures, analyze market trends, and facilitate reporting.

When codes are chosen based on the primary product or service, it allows for better categorization and aids in accurate data management across the Federal procurement databases. This practice also facilitates communication and understanding among buyers and sellers in the marketplace. Furthermore, it ensures that the procurement actions are transparent and conform to the necessary statutory and regulatory frameworks.

In contrast, selecting codes randomly or based on peripheral benefits would lead to confusion and misalignment in procurement records. Similarly, assuming that codes are optional undermines the structure of federal acquisition processes aimed at standardized reporting and accountability.