Asked by Abbee Darsey on May 02, 2024
Verified
The natural business year is a
A) fiscal year that ends when business activities are at their lowest point
B) calendar year that ends when business activities are at their lowest point
C) fiscal year that ends when business activities are at their highest point
D) calendar year that ends when business activities are at their highest point
Natural Business Year
A fiscal year that ends when a company's sales are at their lowest point in their annual cycle.
Fiscal Year
A one-year period used for financial reporting and budgeting, which does not necessarily coincide with the calendar year.
Business Activities
Various operations, tasks, and functions carried out by a company in pursuit of its economic goals.
- Comprehend the fiscal policy related to the start and finish dates of a fiscal year for a company.
Verified Answer
HM
Hashir MasoodMay 04, 2024
Final Answer :
A
Explanation :
The natural business year is a fiscal year that ends when business activities are at their lowest point. This allows companies to make financial decisions based on their typical business cycle and avoid making decisions during their busiest or most profitable times.
Learning Objectives
- Comprehend the fiscal policy related to the start and finish dates of a fiscal year for a company.
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