MANAGEMENT

Detailed explanation-1: -Some examples of long-term financial goals may include: Saving for a down payment on a house. Funding your retirement. Paying off large debts (e.g., credit cards, student loans, mortgage, etc.)

Detailed explanation-2: -Some short-term goal examples include buying a new car or paying down student loans, while long-term goals may be things like saving for retirement, paying for your kids’ education, or buying a vacation home.

Detailed explanation-3: -Short-term financial goals are objectives that organizations aim to achieve in a relatively short period of time (often quarterly or annually). These objectives are usually smaller in scope and easier to predict and realize than long-term financial goals.

Detailed explanation-4: -Key short-term goals include setting a budget, reducing debt, and starting an emergency fund. Medium-term goals should include key insurance policies, while long-term goals need to be focused on retirement.