ECONOMICS (CBSE/UGC NET)

ECONOMICS

BUDGETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Clearly written financial goals are known by the acronym
A
GOALS
B
SOUND
C
SMART
D
none of these-you’re making this up
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: -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.

Detailed explanation-3: -A SMART goal is used to help guide goal setting. SMART is an acronym that stands for Specific, Measurable, Achievable, Realistic, and Timely.

Detailed explanation-4: -Measurable – Making sure that you know how to measure the progress to and success of a goal. Attainable – Lay out how to achieve your most important goals. Realistic – Ensure that everyone is willing and able to achieve your goals. Timely – Making sure that you can a timeline in which you can hit your goals.

There is 1 question to complete.