Click to watch the Tell Me More Learning Objective 6 video and then answer the questions below. 1. When a corporation adopts a fiscal year that ends when business activities have reached the lowest point in its annual operating cycle, such a fiscal year is called the a. natural business year. b. calendar year. c. accounting year. d. None of these choices are correct. 2. Which of the following is the period most commonly used by businesses for a fiscal year? a. Natural business year b. Calendar year C. Accounting year d. Operating year