Which of the Following Is the Best Benefit of Using

question 74

Multiple Choice

Which of the following is the best benefit of using integrated XBRL tagging?

• A)It is an additional cost to meet mandated requirements.
• B)Permits companies to make more extensive use of XBRL for internal decision making
• C)Enables the user of spreadsheets to track data
• D)Enables the data to be retrieved from the database before adding the XBRL tags

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Definitions:

Seasonally Adjusted

Data that has been modified to eliminate effects of seasonal variations to provide a clearer view of trends.

Unemployment Rate

The rate of people within the labor force who are not employed but are actively seeking jobs.

Nonlinear Relation

A relationship between two variables where the change in one variable does not result in a proportional change in the other variable.

Quantity Supplied

Refers to the amount of a good or service that producers are willing and able to sell at a given price over a specified period of time.