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:

Production Cost

The total expense incurred in the manufacturing of a product, including the costs of materials, labor, and overhead.

Overbooking

The practice of selling or booking more seats or reservations than available capacity, used in industries like airlines and hospitality to account for cancellations.

Optimization

The process of making something as fully perfect, functional, or effective as possible, often through mathematical models in operations research.

Upset Customers

Upset customers are individuals dissatisfied with a product or service, potentially leading to complaints or negative feedback.