The Tool That Defines and Describes Each Key Data Element

question 62

Multiple Choice

The tool that defines and describes each key data element (e.g. ,total assets,accounts,payable,net income,etc. ) in XBRL is called _____:

• A)XBRL specification.
• B)XBRL taxonomy.
• C)XBRL style sheet.
• D)XBRL instance document.

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Definitions:

Core Element

An essential part or component that is central to the function or structure of something.

Product Development Strategy

A business strategy focusing on developing new products or improving existing ones to meet market demand or create new markets.

Procurement

The process of obtaining goods, services, or works from external sources, often through a bidding or negotiation process.

Positioning

The strategy of creating a distinct image or identity for a product or brand in the customers' mind relative to competitors.