Beginning in 2009, the SEC Mandated the Use of XBRL

question 78

Multiple Choice

Beginning in 2009, the SEC mandated the use of XBRL for SEC filings for

• A)Selected large publicly held companies
• B)All privately held companies
• C)Selected large privately held companies
• D)All publicly held companies

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Definitions:

Marginal Utility

The extra pleasure or benefit one gains from the consumption of one more unit of a product or service.

Total Utility

The total satisfaction or benefit a consumer receives from consuming a particular quantity of goods and services.

Total Utility

Total utility is the total satisfaction or value a consumer derives from consuming a particular quantity of goods or services.

Marginal Utility

The additional satisfaction or utility gained from consuming an additional unit of a good or service.