What Is the Relationship Between Short-Term and Long-Term Goals

question 48

Multiple Choice

What is the relationship between short-term and long-term goals?

• A) Long-term goals can be met with the help of short-term, more easily achievable goals
• B) The more long-term goals an athlete has, the fewer short-term goals they are likely to have
• C) Athletes prefer to set short-term goals, whereas coaches prefer to set long-term goals
• D) Long-term goals are usually process-focused, whereas short-term goals are usually outcome-focused

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Definitions:

Limited Liability

Freedom of stockholders from personal liability for the debts of the corporation.

Double Taxation

A taxation principle referring to income taxes that are paid twice on the same source of earned income, often seen in corporate dividends.

Limited Liability

A legal structure for a business where the owners' personal assets are protected from the company's debts and liabilities, limiting their risk to the amounts they have invested in the company.

Mutual Agency

A legal principle in partnership businesses where each partner is authorized to act on behalf of the partnership and bind it in contracts.