Which of the Following Statements Related to XBRL Is False

question 68

Multiple Choice

Which of the following statements related to XBRL is false?

• A) is an XML-based language consisting of a set of tags that are used to unify the presentation of business reporting information into a single format
• B) it is easily read by almost any software package, and easily searched by Web browsers
• C) it provides an identifying tag for each individual item of data that is computer readable
• D) it treats financial information as a block of text

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Definitions:

Output

The total quantity of goods or services produced within a given period by a firm, industry, or country.

Population Growth Rates

Measures the increase in a population's size within a specific time frame, considering factors such as births, deaths, and migration.

Educational Attainment

The highest level of education an individual has completed, which can affect employment opportunities and income levels.

Standard Of Living

The level of wealth, comfort, material goods and necessities available to a certain socioeconomic class or a certain geographic area.