Which of the Following Is/are TRUE with Regard to XBRL

question 53

Multiple Choice

Which of the following is/are TRUE with regard to XBRL?

• A)XBRL has tags which provide financial information in a context.
• B)XBRL adds the ability to search across platforms.
• C)XBRL facilitates the handling of financial data and reduces the potential for errors.
• D) All of these are true statements about XBRL.

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Definitions:

Manufacturer

A person or company that makes goods for sale, especially on a large scale, involving processes such as designing, testing, and mass-producing products.

Fixed Cost

Expenses that do not change with the level of goods or services produced over the short term, such as rent, salaries, and insurance.

Holding Cost

The expenses incurred for storing and maintaining inventory, including warehousing, insurance, and depreciation costs.

Monthly Demand

The total quantity of a product or service that consumers are willing and able to purchase within a calendar month.