Pinsker and Shaomin Interviewed Four Businesses Adopting XBRL in the United

question 4

Multiple Choice

Pinsker and Shaomin interviewed four businesses adopting XBRL in the United States,Germany,South Africa and Canada to look at what they perceived would be the result from implementing XBRL.They found:

• A)the expected result was a reduction in costs,but the US company was more interested in strategic advantage
• B)the expected result was a reduction in costs,but the German company was more interested in strategic advantage
• C)the expected result was an increase in costs by the US company,whilst the Canadian company was more interested in creating a perception of being innovative
• D)the expected result was a reduction in costs by the US company,whilst the Canadian company was more interested in creating a perception of being innovative

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Definitions:

Floating Exchange Rate

A currency's value is allowed to fluctuate according to the foreign exchange market without direct government control.

Currency

A system of money in general use in a particular country.

Eurodollar Deposit

A U.S. dollar-denominated deposit held at banks outside the United States, typically used in international transactions.

American Dollar

The official currency of the United States, also known as the USD or US dollar.