XBRL Is Used to Facilitate the Exchange of Financial Reporting

question 49

True/False

XBRL is used to facilitate the exchange of financial reporting information between the company and the Securities and Exchange Commission.

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Definitions:

Assertive

The quality of being self-assured and confident without being aggressive, enabling clear and effective communication.

Directive

An authoritative instruction or guideline that directs the way tasks or operations should be carried out.

Transformational Leader

An individual who inspires and motivates followers to exceed their own self-interests for the good of the organization, promoting significant changes and transformations.

Integrity and Honesty

The quality of being honest and having strong moral principles that one refuses to violate.