In order to provide timely information for decision-making the life of the business is divided into arbitrary time periods of equal length called:

Question

Quizplus · Accepted Answer

The correct term for the arbitrary time periods of equal length used for timely information for decision-making is accounting periods. Accounting cycles refer to the complete process of recording and analyzing financial transactions, while operating periods and business cycles are broader terms used to describe economic and business activity over time.

In Order to Provide Timely Information for Decision-Making the Life