Each Specific Data Item in an XBRL Document Is Called

question 40

Multiple Choice

Each specific data item in an XBRL document is called a(n)

• A)taxonomy.
• B)element.
• C)instance.
• D)schema.

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Definitions:

Board of Directors

A group of individuals elected by shareholders to oversee the management and governance of a corporation.

Strategic Benefits

Advantages gained by a business that help it achieve its organizational goals, often through improved competitiveness or market positioning.

Acquisition

The process of acquiring control of another company or asset.

Economies of Scale

Refers to the cost advantage experienced by firms when production becomes efficient, as the scale of production increases, leading to a decrease in average costs per unit.