XBRL Is a Global Standard for Exchanging Financial Reporting Information

question 2

True/False

XBRL is a global standard for exchanging financial reporting information that uses XML.

---

Definitions:

Internal Audience

Refers to the group within an organization or company, such as employees or members, who are the target for messages or information.

Quality-Control Measures

Processes and procedures implemented to ensure that a product or service meets defined standards of quality.

RFP

Request for Proposal; a document that a company posts to elicit bids from potential vendors for a project.

Warehouse Addition

An expansion or extension to an existing warehouse facility to increase storage capacity or functionality.