The Advantages of XBRL Include Decreases in the Need for Manual

question 180

True/False

The advantages of XBRL include decreases in the need for manual searches through corporate reports for specific pieces of information as well as facilitating the comparison of companies results to industry averages and to each other.

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Definitions:

Persuasion

Persuasion is the act of influencing or convincing others to agree with a point of view, idea, or behavior through argument, appeal, or discussion.

Reciprocity

A mutual exchange of privileges or services between parties, where both benefit from the arrangement.

Consistency

The state or characteristic of being uniform, unchanging, and reliable over time.

Scarcity

The economic condition of having limited resources available to meet unlimited wants and needs.