Because of Differences in Terminology, a Manufacturing Firm Would Most

question 25

Multiple Choice

Because of differences in terminology, a manufacturing firm would most likely use a different XBRL ___ than a government agency.

• A) Namespace.
• B) Taxonomy.
• C) Specification.
• D) Tagging software.

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Definitions:

Wage Rate

The amount of compensation an employee receives per unit of time or per task performed, often expressed per hour or piece.

Monopsonist

A market situation in which there is only one buyer for a product or service.

Labor Supply Curves

Graphical representations that illustrate the relationship between the wage rate and the quantity of labor that workers are willing to supply.

Upward Sloping

A graphical representation indicating that as one variable increases, the other variable also increases, shown as a line moving to the right and upwards.