XBRL Is Structured into Taxonomies Which Reside in Namespaces

question 37

Multiple Choice

XBRL is structured into taxonomies which reside in namespaces.All of the following are namespaces except:

• A)http://xbrl.us/country/2008-10-31
• B)http://xbrl.us/rr/2008-12-31
• C)http://xbrl.us/mda/2008-10-31
• D)http://xbrl.org

Grasp the influence of social and cultural factors on individual economic decisions.

Understand the contribution of behavioral economics to explaining phenomena not accounted for by traditional economic models.

Explain the concept of prospect theory and its implications for individual decision-making.

Recognize the influence of framing, anchoring, and the endowment effect on economic decisions.

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Definitions:

Status Cues

Visual indicators of other people’s social position.

Social Position

An individual's rank or status within a society, determined by factors like wealth, occupation, and societal roles.

Role Distancing

Role distancing involves giving the impression that one is just “going through the motions” and actually lacks serious commitment to a role.

"Back Stage" Performance

In the context of social interactions, refers to behaviors and actions individuals engage in when they are out of the public eye or in their private sphere, as opposed to the "front stage" where they perform roles for public consumption.