For What Reason Might Retailers Like Target Select an Accounting

question 50

Multiple Choice

For what reason might retailers like Target select an accounting period that ends on or near the end of January?

• A)The company originally started business operations on that date so it is required to use the date as fiscal year-end.
• B)Business activity is in a slow period that is suited to the preparation of its financial statements at the end of the year.
• C)The company's CPAs are attempting to spread out the workload.
• D)The Internal Revenue Service requires merchandise companies to select such a date for their fiscal year.

---

Definitions:

Punitive Parents

Parents who use or overuse punishment to discipline their children, which can affect the child’s development and psychological well-being.

Direct Reinforcement

A behavioral concept where actions lead to immediate rewards or punishments.

Albert Bandura

A prominent psychologist who introduced the social learning theory, emphasizing the role of observational learning, imitation, and modeling in behavior.

Inborn Reflex Behaviors

Natural reflex actions babies are born with, like sucking and grasping, which serve important survival functions.