The Twelve-Month Period a Business Chooses for Its Accounting Period

question 104

Multiple Choice

The twelve-month period a business chooses for its accounting period is a(n) :

• A) calendar year.
• B) accounting period.
• C) fiscal year.
• D) accounting cycle.

---

Definitions:

Ontological Security

The creation of a personal narrative that provides a coherent sense of the self. An individual’s impression that the world is stable, continuous, and predictable, which is often produced through routinized activity.

Precarity

A condition of existence without predictability or security, affecting material or psychological welfare.

Persuasive Advertising

A form of advertising designed to influence or persuade consumers to take a particular action, such as purchasing a product.

Managerial Discourse

The specialized language and communication practices used by managers and leaders within organizations to guide, motivate, and control.