An XBRL Namespace Is Required When: (I) a Company Wants

question 14

Multiple Choice

An XBRL namespace is required when: (i) a company wants to use an existing taxonomy, (ii) a company wants to add its own tags to an existing taxonomy, (iii) a company needs to define a new tag.

• A) i and ii only.
• B) i and iii only.
• C) ii and iii only.
• D) i, ii and iii.

Analyze situations to determine when a principal is or is not bound by the actions of an agent.

Understand the concepts of actual, implied, and apparent authority and how they affect the liability and responsibilities of agents and principals.

Recognize the legal consequences of an agent’s breach of fiduciary duty.

Comprehend the significance of estoppel in agency relationships.

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Definitions:

Consume

The use of goods and services by households or individuals, typically referring to the act of buying and using products.

Harvest

The process of gathering mature crops from the fields.

Grain

Small, hard seeds, especially the seeds of various food plants such as wheat, corn, rye, oats, and barley.

Real Interest Rate

The real interest rate adjusts the nominal interest rate to remove the effects of inflation, reflecting the true cost of borrowing or the real yield on savings.