XBRL's Structure Is Flexible, So Companies Can Extend It When

question 30

Multiple Choice

XBRL's structure is flexible, so companies can extend it when the need arises.Which of the following terms is most likely to require an extension of an existing XBRL taxonomy?

• A)Asset
• B)Operating cash flow
• C)Both Asset and Operating cash flow will likely require an extension of an existing taxonomy.
• D)Neither Asset nor Operating cash flow will likely require an extension of an existing taxonomy.

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Definitions:

Corporate Governance

Corporate governance is the system of control and performance monitoring of top management.

Outside Directors

Board members who are not part of the company's day-to-day operations, providing independent, unbiased perspectives on governance and strategy.

Sustainable Strategic Competitiveness

Refers to a company's capability to formulate and implement a value-creating strategy based on business sustainability principles.

Reactor Strategy

A reactor strategy is a type of business approach where an organization reacts to external forces and changes without a consistent strategic plan, often in response to immediate challenges rather than long-term goals.