Which of the Following Long-Term Goals Is Stated Most Clearly

question 84

Multiple Choice

Which of the following long-term goals is stated most clearly using the SMART approach?

• A) Buy a car for less than $15,000 within 6 months
• B) Retire in 10 years at age 65
• C) Purchase a house with a mortgage no greater than $150,000 within 5 years
• D) Set up an emergency fund
• E) Invest $50 per month for the next 12 years for my nephew's college fund

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Definitions:

Labor Force

The aggregate count of individuals who are either engaged in work or are in pursuit of a job.

Education System

The network of public and private institutions that provide educational services from primary to higher education.

Productivity Increase

The improvement in the efficiency of production, often seen through a higher output of goods and services without an increase in input.

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, significantly transforming economies with the introduction of machinery.