Once Numbers Are Input into a Financial System Using XBRL-GL,they

question 44

True/False

Once numbers are input into a financial system using XBRL-GL,they are already tagged and able to be transmitted on the next day of business to interested users.

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Definitions:

Total Revenue

Total revenue represents the total income a firm receives from selling its goods or services, calculated as the quantity sold multiplied by the price per unit.

Competitive Market

A market structure characterized by a large number of buyers and sellers, where no single entity has the power to significantly influence prices or market conditions.

Average Revenue

The revenue received per unit of output sold.

Quantity Demanded

The amount of a product that consumers are willing and able to purchase at a given price.