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

Comprehend the concept of marginal vs. average tax rates.

Analyze the implications of using specific taxes for public finance.

Understand the theory of tax incidence known as the flypaper theory.

Analyze how corporate income taxes impact stakeholders, including workers and customers.

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Definitions:

Decision-making Strategies

Approaches or plans developed to select the best among alternatives based on specific criteria, aimed at achieving the most favorable outcome.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a given person's mind when considering a specific topic or decision.

Congress

The national legislative body of a country, particularly in the United States, it is composed of the House of Representatives and the Senate.

Welfare

A system of support provided by the government or private organizations to ensure the basic living standards of individuals or communities.