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Finance Week 3 P3 `Finacial Goals

Total questions: 5

Worksheet time: 2mins

Name
Class
Date
1.

What are SMART goals?

a)

an objective to drive sales for the business

b)

concrete targets you strive to achieve over a period of time

c)

long term aims to help the business grow over a period of time

d)

short term objectives that strive to develop functional areas of the business

2.

What does the "S" stand for in SMART?

a)

Strategic

b)

Specific

c)

Static

d)

Scholastic

3.

Which of the following is not a SMART goal?

a)

I will read 50 pages of a novel every day for the next month.

b)

I will lose weight by exercising more.

c)

I will save $200 every month for the next year to buy a new laptop.

d)

I will increase my typing speed to 60 words per minute by practicing for 30 minutes every day for the next two months.

4.

What is the importance of the 'Time-bound' aspect in SMART goals?

a)

It helps in creating a sense of urgency and prompts action.

b)

It helps in defining the goal more clearly.

c)

It helps in making the goal achievable.

d)

It helps in making the goal specific.

5.

What is the importance of Measurable in a SMART goal?

a)

To see if the goal is big enough.

b)

To determine if what you are doing is effective, and moving you towards your goal.

c)

To track your progress.

d)

To make sure the goal doesn't have too many calories.