In relation to XBRL,a taxonomy is an XML __________ and the set of __________ that references it.
A)standard;linkbases
B)schema;linkbases
C)standard;tags
D)schema;tags

Question

Quizplus · Accepted Answer

A taxonomy in XBRL refers to an XML schema that consists of a set of related element definitions and a set of linkbases that provides additional information about the relationships among the elements. Therefore, the correct choice is B, where schema means the set of element definitions and linkbases mean the reference set that provides additional information. Choice A is incorrect because standard is not an appropriate term to describe a taxonomy. Choice C is incorrect because tags refer to individual data elements in the taxonomy, rather than the taxonomy as a whole. Choice D is incorrect because tags do not describe the entire set of element definitions and relationships in a taxonomy.

In Relation to XBRL,a Taxonomy Is an XML __________ and the Set