Descriptive Research Is a Type of Exploratory Research That Has

question 65

True/False

Descriptive research is a type of exploratory research that has as its major objective the description of something-usually market characteristics or functions.

---

Definitions:

Fiscal Year

A twelve-month period used for accounting purposes and preparing financial statements, which may or may not align with the calendar year.

Calendar Year

A calendar year refers to the one-year period beginning on January 1 and ending on December 31, used for most civil purposes and by many businesses for accounting and taxation.

Interim Financial Statements

Interim financial statements are reports covering a less than full fiscal year, typically quarterly or half-yearly, providing insight into a company's financial performance during the period.

One-Year Period

A timeframe of twelve consecutive months used for financial reporting, planning, and assessment purposes.