Benefits of XBRL Include

question 32

Multiple Choice

Benefits of XBRL include:

• A)Achieving quicker and more efficient decisions.
• B)Improving investor relations through provision of more transparent and user-friendly information.
• C)Both A and B.
• D)Neither A nor B.

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Definitions:

Domestic Surplus

The excess of a country's production over its domestic consumption, often leading to exports.

Domestic Shortage

A Domestic Shortage occurs when the quantity demanded of a good or service in a country exceeds the quantity supplied at the current market price, leading to scarcity.

World Price

The price at which goods are traded on the global market.

Supply Curves

Graphical representations showing the relationship between the price of a good and the quantity of that good that suppliers are willing to sell.