ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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At the beginning of Pers. Finance, we learned about S-M-A-R-T goals when writing your goals. Which SMART Goal component is the following:Austin will save money for the next two years.
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Explanation:
Detailed explanation-1: -Austin will save $600. Austin will spend $25 less on entertainment every month in order to save that $25 instead. Austin has determined that the opportunity cost of saving money is more valuable than spending an extra $25 on entertainment every month.
Detailed explanation-2: -SMART is an acronym that means: Specific, Measurable, Attainable, Relevant, and Timebound.
Detailed explanation-3: -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.
There is 1 question to complete.