In which context would you likely encounter the word "annual"?

The term "annual" refers to something that occurs once a year. In the context of fiscal year events, this word is commonly used to describe reports, budgets, or assessments that are generated and presented on an annual basis. For example, organizations often have annual financial statements that summarize their performance over the past year. This emphasis on a yearly cycle is what makes this choice the most fitting for the use of the word "annual."

In contrast, other options pertain to occurrences that do not align with the meaning of "annual." Weekly gatherings and daily appointments occur on a much more frequent basis, while irregular meetings do not adhere to a specified annual schedule. Thus, none of these alternative options depict the regularity and time frame that "annual" encapsulates.