What Is a Document That Has Been Tagged According to the Rules

question 16

Multiple Choice

What is a document that has been tagged according to the rules of XBRL?

• A) Extensible document
• B) Interchange document
• C) Instance document
• D) X.12 document

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Definitions:

Sunk Costs

Expenses that have already been incurred and cannot be recovered, which should not affect future decision-making but often do.

Faulty Hindsight

The misjudgment of the reasons behind past decisions based on the outcome rather than on the information available at the time.

Sunk Costs

Costs that have already been incurred and cannot be recovered, which should not influence future business or personal decisions.

Escalated Commitment

A pattern of behavior in which an individual or group continues to rationalize their decisions, invest additional resources, and follow a failing course of action.