Discuss the Primary Advantage of XBRL Over Traditional HTML as a Means

question 52

Essay

Discuss the primary advantage of XBRL over traditional HTML as a means of online reporting of financial information to users.

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Definitions:

Shutting-Down

The process a business undertakes to cease operations, often due to financial problems or a strategic decision.

Short Run

A period in which at least one factor of production is fixed, limiting the ability of a business to adjust fully to changes in market conditions.

Average Variable Costs

Costs that vary with the level of output, calculated by dividing the total variable costs by the quantity of output produced.

Shutting-Down

A short-run decision by a firm to halt production because operating would lead to a loss greater than the fixed costs.