This Computer Standard Allows an Easy, Automated Exchange Between a Financial

question 37

Multiple Choice

This computer standard allows an easy, automated exchange between a financial statement repository and a financial statement user.

• A) XBRL
• B) EDGAR
• C) Excel
• D) Google financials

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Definitions:

Perfectly Competitive

A market structure characterized by a large number of buyers and sellers, homogenous products, and no barriers to entry or exit.

Duopoly Market

A market structure dominated by only two producers or sellers, leading to a form of competition that significantly impacts pricing and output decisions.

Merging Firms

The process where two or more companies combine into a single company, often to expand market share, reduce costs, or increase competitiveness.

Identical Product

A product that is exactly the same in every feature, quality, and production process with another product, making them interchangeable.