BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not a financial goal?
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Child’s education fund
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Getting promotion
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paying down payment for house
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buying a vacuum cleaner
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Explanation:
Detailed explanation-1: -It’s not a financial goal till you can afford to save for it. Think about it. Unless you can save a set minimum amount (depending on where the amount is invested) that will realistically get you to the goal, it can’t be called a financial goal. Just like your expenses, financial goals should also be “affordable”.
Detailed explanation-2: -Financial goals comprise earning, saving, investing and spending in proportions that match your short-term, medium-term or long-term plans.
Detailed explanation-3: -profitability, liquidity, efficiency, and stability.
There is 1 question to complete.