Several Years Ago, PPK Corporation Paid a Team of Consultants

question 28

Multiple Choice

Several years ago, PPK Corporation paid a team of consultants to develop specialized software for their accounting information system. Which of the following benefits of XBRL is uniquely applicable to PPK?

• A) Companies will avoid re-keying of data and other manual tasks.
• B) Consolidate results across divisions and subsidiaries with much greater speed and reliability.
• C) Free themselves from proprietary systems.
• D) Obtain quicker responses from counterparties.

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Definitions:

Cognitive Conflict

A psychological state resulting from the confrontation of contradictory information, beliefs, or perceptions, which can lead to cognitive dissonance and the motivation to change one's thoughts or behaviors.

Assimilation

The cognitive process of fitting new information into existing cognitive schemas, perceptions, and understanding.

Accommodation

In cognitive psychology, the process of altering one's existing schemas, or ways of thinking, as a result of new information or experiences.

Equilibration

The process by which individuals balance assimilation and accommodation to create stable understanding in cognitive development.