The 12-month period that ends when a company's activities are at their lowest point iscalled the:
A)Natural business year.
B)Calendar year.
C)Fiscal year.
D)Accounting period.
E)Interim period.

Question

Quizplus · Accepted Answer

The natural business year refers to the 12-month period when a company's activities reach their lowest point. This period may not correspond to a calendar year, fiscal year, or accounting period, as those periods are often determined by external factors such as tax laws or accounting regulations. The natural business year is relevant because it can help companies plan for and manage their cash flow and expenses during the slowest part of their business cycle.

The 12-Month Period That Ends When a Company's Activities Are