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 the key components of SMART financial goals?
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Salary
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Measurable
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Attainable
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Realistic
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Time-bounded
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Explanation:
Detailed explanation-1: -There are five essential components of a financial plan such as Insurance planning, Retirement Planning, Investment Planning, Tax Planning and Estate Planning.
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.