Final answer:
The question about the periodicity for conducting FCRs per NETC guidance doesn't provide details on the FCR cycle, but the concepts of period and frequency are explained using the example of receiving a paycheck, which is an event with a clearly defined period and frequency.
Step-by-step explanation:
The periodicity for conducting FCRs (Financial Condition Reviews) per current NETC (Naval Education and Training Command) guidance is not explicitly stated within the context of this question. However, to demonstrate an understanding of the concepts of period and frequency, let's consider the example of receiving a paycheck, which is a common periodic event in many people's lives.
For instance, if you receive a paycheck every two weeks, then the period of this event is two weeks. The frequency at which the event occurs is once every two weeks, or roughly twice a month. Conversely, if the period were one month, you'd receive your paycheck once a month, indicating a monthly frequency.