XBRL Allows Organizations to Focus Effort on Analysis, Forecasting and Decision

question 33

Multiple Choice

XBRL allows organizations to focus effort on analysis, forecasting and decision making.Which of the following includes one example of each of those tasks?

• A)Interpreting financial statement ratios, preparing a sales budget, raising or lowering prices
• B)Preparing a sales budget, forecasting future risks using the COSO framework, adopting new internal controls
• C)Interpreting financial statement ratios, forecasting future risks using the COSO framework, raising sales prices
• D)Preparing a sales budget, lowering sales prices, creating a systems flowchart

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Definitions:

Psychiatric Problems

Issues related to mental health that affect mood, thinking, and behavior, requiring professional diagnosis and treatment.

Challenges

Difficulties that require effort and determination to overcome.

Population

The total number of individuals or entities under consideration in a particular study or analysis, often within a specific area or group.

Resilience

The ability to recover quickly from difficulties or adapt to challenging circumstances; mental toughness.