Extensible Business Reporting Language (XBRL)

question 66

Multiple Choice

Extensible Business Reporting Language (XBRL)

• A)is limited to the manual comparison of data reported in the SEC 10K report.
• B)is expected to complete the development of its system of "tags" for all U.S.GAAP in 10 years.
• C)enables recognition and extraction of items of information for various analytical purposes
• D)has been applied extensively by financial analysts for over 30 years

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Definitions:

Sensation Seeking

The tendency to seek out varied, novel, complex, and intense experiences and the willingness to take physical, social, legal, and financial risks for the sake of such experiences.

Conformist Lifestyle

A way of living that closely follows the norms, values, and expectations of society, often at the expense of individuality.

Self-Efficacy

The belief in one's capabilities to organize and execute the courses of action required to manage prospective situations.

Locus of Control

Pertains to a person's convictions about the origins of their experiences and the elements they credit for their successes or failures.