BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The five KEY component in SMART financial goals are ____ [tick the correct answers]
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Measurable
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Realistic
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Time
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Specific
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Adjustment
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Explanation:
Detailed explanation-1: -Setting specific, measurable, achievable, relevant, and time-bound (SMART) objectives is a good way to plan the steps to meet the long-term goals in your grant. It helps you take your grant from ideas to action.
Detailed explanation-2: -The main elements of a financial plan include a retirement strategy, a risk management plan, a long-term investment plan, a tax reduction strategy, and an estate plan.
Detailed explanation-3: -One easy way to help identify your financial goals is to use the acronym “SMART” (specific, measurable, attainable, relevant, timely) to help you create and pursue actionable, realistic goals.
There is 1 question to complete.