Which of the Following Is a Good Goal-Setting Principle

question 16

Multiple Choice

Which of the following is a good goal-setting principle?

• A) Allow maximum flexibility and limit planning so that you will have several avenues to accomplish your goal.
• B) Don't focus on the small successes so that you don't loose sight of the end goal.
• C) Spend time reflecting on the things you want to change in your life.
• D) Keep your environment constant so that you can focus on your goal.

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds; interest payments made on debt.

Contract Rate

The agreed-upon rate specified in a contract for the provision of goods or services, often discussed in the context of interest rates or wages.

Market Rate

The prevailing interest rate available in the marketplace for securities or loans.

Journal Entry

A record in the accounting ledger that represents a transaction, including both the debit and credit side to maintain the accounting equation.