ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What does the R stand for in SMART?
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Receive
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Red
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Revive
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Relevant
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Explanation:
Detailed explanation-1: -SMART stands for specific, measurable, achievable, relevant, and time-bound.
Detailed explanation-2: -SMART is an acronym that stands for: S – Specific. M – Measurable. A – Achievable. R – Relevant.
Detailed explanation-3: -Measurable (meaningful, motivating). Achievable (agreed, attainable). Relevant (reasonable, realistic and resourced, results-based).
Detailed explanation-4: -R-Relevant Realistically or Relevant, you have the resources to achieve your goal. It is vital to set up some realistic parameters.
Detailed explanation-5: -R | Relevant | Your goals should align with your values and long-term objectives. T | Time-based | Set a realistic, ambitious end-date for task prioritization and motivation.
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