Which of the Following Statements About XBRL Is False

question 128

Multiple Choice

Which of the following statements about XBRL is false?

• A)XBRL is only required for publicly traded companies.
• B)XBRL will decrease the need for manual financial information searches.
• C)The US is the first country to mandate use of XBRL.
• D)XBRL should decrease the time companies spend converting their financial information into various government-prescribed formats.

Understand the use of percentile and standard scores in comparing student performances.

Distinguish between tests focused on assessing specific content areas versus broad cognitive abilities.

Recognize the trade-offs between test types (open-ended vs. multiple-choice) in terms of reliability.

Understand predictive validity estimates for cognitive ability tests in educational settings.

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Definitions:

Minimum Average Total Cost

The lowest point on the average total cost curve, where a firm is most efficiently combining resources to produce goods or services.

Marginal Cost

The extra expense associated with the production of an additional single unit of a product or service.

Resource Allocation

The process of distributing available resources among various projects or business units to maximize the efficiency and performance of the organization.

Marginal Cost

The cost of producing one additional unit of a product, considering the costs of all resources involved.