The First Step in Clarifying Your Goals Is to

question 153

Multiple Choice

The first step in clarifying your goals is to

• A) identify your lifetime goals.
• B) recognize your daily concerns.
• C) review your past accomplishments.
• D) distinguish between personal and career goals.

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Definitions:

Fixed Assets

Long-term tangible assets used in the operation of a business, not expected to be converted into cash within a year.

Land Improvements

Enhancements made to a piece of land to increase its value, such as landscaping, fencing, and installing utilities, which are usually depreciated over time.

Financial Statement

A written record that conveys the business activities and the financial performance of a company, including balance sheets, income statements, and cash flow statements.

Depreciation

The methodical distribution of the expense of a physical asset throughout its lifespan, indicating the decrease in its value as time passes.