In Some Situations, XBRL May Be Used Instead of Spaghetti

question 11

True/False

In some situations, XBRL may be used instead of spaghetti code, to make data interchangeable among its systems.

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Definitions:

Variable Costs

Costs that vary directly with the level of production or sales, such as materials and labor.

Corporate Tax Rate

The percentage of a corporation's profits that is paid to the government as tax.

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Variable Costs

Costs that vary directly with the level of production or the volume of services provided.