QUESTION IMAGE
Question
which of the following is an example of a long - term smart goal?
accelerating payments on your car
add an extra $100 to your credit card balance every month to pay off $600 of debt before interest starts accruing in 6 months
become a successful entrepreneur and make a lot of money
grow as a person and business owner within the next ten years
which one of the following characteristics helps an entrepreneur become successful?
strategic planning
passion
willing to take calculated risks
hard working
all of the above
Brief Explanations
- For the first question, a SMART goal is Specific, Measurable, Achievable, Relevant, and Time - bound. "Growing as a person and business owner within the next ten years" is long - term and meets the SMART criteria better than the others. The first option is more of a short - term action, the second is a short - term financial goal, and the third is too vague.
- For the second question, strategic planning helps in setting directions, passion drives motivation, willingness to take calculated risks is necessary for innovation and growth, and hard work is fundamental for success. So all these characteristics help an entrepreneur become successful.
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- Grow as a person and business owner within the next ten years
- All of the above