BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Saving money every year so by the end of 5 years you can buy a computer
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Saving your allowance this week to buy some candy at the end of the week
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Doing extra chores for two days to buy a $3 toy
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Buying a $6 pack of gum by saving up over the next week
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Detailed explanation-1: -Explanation: The example of long-term goal is Saving money every year so by the end of 5 years you can buy a computer. A long-term objective is something that you want to accomplish in the future. Long-term objectives necessitate time and strategy.
Detailed explanation-2: -Any goal within a five-year window is considered short term; anything longer is (you guessed it) long term. Some short-term goal examples include buying a new car or paying down student loans, while long-term goals may be things like saving for retirement, paying for your kids’ education, or buying a vacation home.
Detailed explanation-3: -Getting a PHD, becoming your own boss and writing a book are examples of long term goals, and whether it is a career, financial or even a personal growth objective, achieving one won’t be easy.
Detailed explanation-4: -An example of a long-term goal is going and completing college, as it takes 3-4 years to complete college for a bachelor’s degree.