Which of the Statements Below Is False Regarding Extensible Business

question 34

Multiple Choice

Which of the statements below is false regarding extensible business reporting language (XBRL) ?

• A) Many experts feel that XBRL will replace EDI.
• B) XBRL is in effect a narrower standard than the ANSI X.12 standard for EDI.
• C) The SEC allows use of the XBRL format.
• D) XBRL facilitates the exchange of business documents over the Internet.

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Definitions:

Levels

Different stages, degrees, or magnitudes within a system, organization, or scientific classification.

Complex

Consisting of many different and connected parts, or a system that is not simple and may be difficult to understand.

Photosynthetic Organism

An organism that converts sunlight into chemical energy through the process of photosynthesis.

Specialized Cells

Cells that have developed specific characteristics and functions through the process of differentiation.