XBRL Allows Organizations to Simplify the Process and Reduce the Costs

question 9

Multiple Choice

XBRL allows organizations to simplify the process and reduce the costs involved in regulatory reporting to agencies such as:

• A)The IRS.
• B)The SEC.
• C)Both A and B.
• D)Neither A nor B.

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Definitions:

Iron Triangle

A term describing the policy-making relationship among the congressional committees, the bureaucracy (government agencies), and interest groups.

Government Policy

Refers to the actions taken and strategies implemented by a government to achieve its objectives and manage public affairs.

Political System

The system of government by which a country or community is administered and regulated.

Issue Network

A collaboration of various interest groups and individuals who unite temporarily around a common issue or cause, often influencing public policy or public opinion.