What Is the First Step of Creating SMART Goals

question 31

Multiple Choice

What is the first step of creating SMART goals?

• A) Brainstorming and creating your "first draft" goals.
• B) Differentiating between short- and long-term goals.
• C) Examining what motivational drivers will help you achieve each SMART goal.
• D) Using the "SMART" method to refine your goals.

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Definitions:

Large Number

Refers to a quantity significant enough to influence or be noticed within a particular context, often used in statistical or mathematical analyses.

Monopolistically Competitive

Describes a market structure where many firms sell products that are similar but not identical, allowing for competition based on product differentiation.

Financial Planners

Professionals who help individuals and organizations create programs to meet long-term financial goals, such as retirement, education, and investment strategies.

Similar Substitutes

Products or services that satisfy the same needs or desires and can be used in place of one another.