ECONOMICS (CBSE/UGC NET)

ECONOMICS

MONEY MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A statement of something a person wants or needs to do is known as a
A
Cash Flow
B
Expense
C
Goal
D
Value
Explanation: 

Detailed explanation-1: -A goal is an idea of the future or desired result that a person or a group of people envision, plan and commit to achieve. People endeavour to reach goals within a finite time by setting deadlines.

Detailed explanation-2: -A goal statement is a written description of your long-term professional objectives. This may include specific accomplishments, like receiving a certain job title, developing unique skills or earning an advanced degree. It’s also helpful to include a timeline for achievement in your goal statement to stay on track.

Detailed explanation-3: -goal statement to include: Specific, Measurable, Attainable, Results-based, and Timebound. AFTER the review and analysis, the original examples of Goal Statements would reflect the five SMART criteria, and would address behaviors (attendance) through a root-cause analysis and strategies to address that analysis.

Detailed explanation-4: -Process goals are specific actions or ‘processes’ of performing. Performance goals are based on personal standard. Outcome goals are based on winning.

Detailed explanation-5: -Time-based goals. Performance-based goals. Performance-based goals are short-term objectives set for specific duties or tasks. Quantitative vs. qualitative goals. Outcome-vs. process-oriented goals.

There is 1 question to complete.