Which of the Following Description of XBRL Is True

question 30

Multiple Choice

Which of the following description of XBRL is true?

• A)XBRL is a new technology that yet to be made a practical reality.
• B)XBRL adds meaning to data so that other applications know what the data represents and how it should be treated
• C)XBRL is fundamentally different from HTML.
• D)A standard set of XBRL tags is not available yet.

Understand the implications and operations of the Uniform Commercial Code (UCC) on sales of goods, including the rights, duties, and obligations of buyers and sellers.

Recognize the legal doctrines related to the sale of goods, including the perfect tender rule, the principle of good faith, and commercial reasonableness.

Identify the warranties and conditions that can arise in sales of goods transactions both implicitly and explicitly.

Distinguish between the rights of buyers and sellers under various circumstances of breach or non-conformity of goods.

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Definitions:

External Factors

Elements outside an organization or system that can affect its performance, including economic conditions, legislation, and social trends.

Perceptual Selection

The process by which individuals filter and interpret sensory information, focusing on certain aspects while ignoring others, based on expectations and preferences.

Intensity

The degree of strength, force, or concentration applied in a specific activity or situation.

Selective Screening

The cognitive process through which people filter and focus on important informational cues while ignoring other less relevant data.