IELTS General Practice · Question
An internal company memo mentions 'Q3 financial projections'. What do 'Q3' refer to?
In business contexts, 'Q' followed by a number (e.g., Q1, Q2, Q3, Q4) refers to the quarters of a fiscal year.
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Question: An internal company memo mentions 'Q3 financial projections'. What do 'Q3' refer to?
Answer options: ✅ The third quarter of the fiscal year.
- The company's third location.
- A third-party audit.
- Quality control measure 3.
Correct answer: The third quarter of the fiscal year.
Explanation: In business contexts, 'Q' followed by a number (e.g., Q1, Q2, Q3, Q4) refers to the quarters of a fiscal year.
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