The Gilbert Company chief financial officer has been tracking annual sales for each of the company's three divisions for the past 10 years. At a recent meeting, he pointed to the annual data and indicated that it clearly showed the seasonality associated with its business. Given the data, this statement may have been very appropriate.

Question

Quizplus · Accepted Answer

Seasonality refers to periodic fluctuations that regularly occur in a predictable pattern based on the season of the year, not annual sales data. Annual data would show year-over-year changes but not seasonal variations within each year.

The Gilbert Company Chief Financial Officer Has Been Tracking Annual