In Terms of Setting Goals,the Acronym SMART Stands for

question 51

Multiple Choice

In terms of setting goals,the acronym SMART stands for

• A)strategic,measuring,actionable,reality-based,time-conscious.
• B)specific,measurable,achievable,realistic,time-bound.
• C)standard,measurable,action-based,realistic,time-bound.
• D)specific,motivating,achievable,realistic,timely.

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Definitions:

Net Income

The total profit of a company after all expenses, including taxes and costs, have been subtracted from total revenue.

Merchandise Inventory Account

An account in the general ledger that tracks the cost of goods intended for sale during an accounting period.

Worksheet

A document or tool used by accountants for preparing financial statements and supporting calculations.

Sales

Sales refer to the total revenue earned by a business from selling goods or services.