An XBRL Taxonomy

question 60

Multiple Choice

An XBRL taxonomy

• A)is the document format used to produce web pages
• B)is the final product (report)
• C)is a classification scheme
• D)is a tag stored in each database record

---

Definitions:

Market Situations

Various conditions or contexts in which buying and selling occur, affecting pricing and availability of goods and services.

Excise Tax

A tax applied to specific goods, services, or activities, either as a flat amount per unit or as a percentage of the price, used to raise revenue or discourage consumption.

Output

The total amount of goods or services produced by a business, industry, or economy within a specific period.

Producers

Entities or individuals that create goods or services for sale or exchange in a market.