Concerning XBRL,which of the Following Statements Is Not True

question 27

Multiple Choice

Concerning XBRL,which of the following statements is not true?

• A) XBRL is a variant of XML.
• B) XBRL is specifically designed for use in communicating the content of financial data.
• C) XBRL creates unique tags for each data item.
• D) XBRL's adoption will require accountants and systems professionals tag data for their clients.

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Definitions:

Organizational Setting

The environment or context within which an organization operates, including its culture, structure, and processes.

Spatial Arrangements

The way in which physical space is used and organized to facilitate various activities and processes in an environment, affecting how people interact within it.

Group Norms

Shared expectations and rules that guide the behavior of members within a group or team.

Product Development Teams

Groups of individuals with varied expertise who are tasked with collaborating to develop new products or services for a company.