A ______ is a summary of a company's business for the year.

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The correct choice is "annual report" because it serves as a comprehensive summary of a company's performance over the course of a year. An annual report typically includes financial statements, management discussion and analysis, and insights into market conditions, strategies, and future outlook. It is designed to inform shareholders, potential investors, and other stakeholders about the company's accomplishments and challenges, providing a transparent overview of its operations and financial health.

On the other hand, a financial statement is a record of the financial activities of a company, presenting its assets, liabilities, income, and expenses at a specific point in time. While financial statements are included in the annual report, they do not encompass the broader narrative and analysis provided in the annual report itself.

A business plan outlines the strategy and goals for a company, often used for securing investment or guiding the business's growth, but it does not serve as a summary of past performance.

A performance review is typically an evaluation of an individual employee's work over a set period, assessing their contributions and areas for improvement. It does not relate to a company's overall business summary for the year, which is what the annual report provides.

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