Consider the Following Flowchart Symbols as You Respond to the Next

question 36

Multiple Choice

Consider the following flowchart symbols as you respond to the next question: BLG Corporation uses systems flowcharts to teach its new employees about company procedures. If BLG adopts XBRL, those system flowcharts will likely incorporate fewer of ___ because ___.

• A)Symbol C; databases are unnecessary when using XBRL.
• B)Symbol A; no manual processes are permitted when using XBRL.
• C)Symbol A; XBRL automates many tasks that may have been completed manually.
• D)None of the above; the use of XBRL will not affect symbols used in systems flowcharts.

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Definitions:

Imports

Goods and services bought by a country from foreign countries, which can range from raw materials to finished products.

Exports

are goods or services produced in one country and sold to buyers in another, representing a key component of international trade.

Net Exports

Net exports represent the difference between a country's exports and imports of goods and services.

GDP

Describing the entire market price of all final products and services created within the confines of a country throughout a given timeframe as Gross Domestic Product.