234k views
4 votes
he 12-month period that ends when a company's activities are at their lowest point is called the:(A) Fiscal year.(B) Calendar year.(C) Natural business year.(D) Accounting period.(E) Interim period.

User Hielsnoppe
by
7.7k points

1 Answer

2 votes

Answer:

C) Natural business year.

Step-by-step explanation:

A natural business year is the period of 12 consecutive monthsending at a low point of an organization's activities.

For example, a school district will have a natural business year of July 1 through June 30, since classes for the school year end in early June.

User Isuru
by
7.6k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.