Which of the Following Intermediate Goals Is Stated Most Clearly

question 80

Multiple Choice

Which of the following intermediate 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 with $2,000,000 in my 401(k) account
• 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:

Maturity

The state of being fully developed in body or mind, often associated with the capacity to respond to the environment in an appropriate manner.

Internal Bleed

Bleeding within the body that is not visible from the outside, often a serious medical condition requiring immediate attention.

Systolic Blood Pressure

The pressure in the arteries when the heart beats and fills them with blood, the first number in a blood pressure reading.

Reflection

The process of introspection, contemplating one’s thoughts and feelings, or the examination of a past event.