Which of the Following Goals Would Be the Easiest to Implement

question 60

Multiple Choice

Which of the following goals would be the easiest to implement and measure its accomplishment?

• A)"Reduce our debt payments."
• B)"Save funds for an annual vacation."
• C)"Save $50 a month to create a $2,000 emergency fund."
• D)"Invest $1,200 a year for retirement."
• E)"Increase our emergency fund."

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Definitions:

Financial Perspective

An viewpoint emphasizing the importance of managing a company's financial resources wisely to ensure its long-term success and stability.

Profit Margin

A financial metric that measures the percentage of revenue that exceeds the cost of goods sold, indicating the efficiency of a company in managing its expenses and profits.

Required Accounting Return

The minimum return that a company needs to achieve on its investments based on accounting principles, to satisfy stakeholders or internal benchmarks.

Depreciated Straight-line

A method of calculating depreciation by equally spreading the cost of an asset over its useful life.