If the planning period is for one quarter,then it starts at the beginning of _____ and it finishes at the end of _____.
A)t2;t4
B)t1;t4
C)t1;t3
D)t1;t2

Question

Quizplus · Accepted Answer

If the planning period is for one quarter, it covers three months. In a typical calendar year, the quarters are January to March (Q1), April to June (Q2), July to September (Q3), and October to December (Q4). Therefore, if the planning period is for one quarter, it starts at the beginning of t1 (January) and finishes at the end of t3 (March). Choice A is incorrect because it starts in the middle of a quarter and ends in the middle of a quarter. Choice B is incorrect because it covers four months, which is longer than one quarter. Choice D is incorrect because it only covers two months, which is shorter than one quarter.

If the Planning Period Is for One Quarter,then It Starts