ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Up to 3 months
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Less than a year
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More than a year
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10 years or more
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Detailed explanation-1: -A short-term goal is something you want to do in the near future. The near future can mean today, this week, this month, or even this year. A short-term goal is something you want to accomplish soon. A short term goal is a goal you can achieve in 12 months or less.
Detailed explanation-2: -Typically, short-term goals are defined as accomplishments that take 3 months to a few years. Long-term goals are usually completed in 3 to 5 years, or longer.
Detailed explanation-3: -A short-term goal is a target you want to reach soon-today, this week, this month, or within this year. Here are examples of short-term goals: Take a class.
Detailed explanation-4: -How long are short-term goals? They’re short-term needs that you can achieve today, this week, this month, or even this year. For example, you can set a career goal like completing a skill enhancement course or a short-term savings goal like setting aside money for an emergency fund.
Detailed explanation-5: -Short-term goals should be specific objectives that your company plans to achieve over a period of a few weeks, or months, but no more than one year.