Business Finance - SY2223-1T

Question 1
Matching

Match the descriptions.

This includes knowing exactly what the goals are and how to achieve them.   1    

2     3     4     5    

This pertains to citing a specific amount.   1     2     3     4     5    

This includes providing the basis for the personal financial activities that must be

done.   1     2     3     4     5    

This allows the individual to measure his/her progress.   1     2     3     4    

5    

This involves relating the goals based on the individual’s income.   1     2    

3     4     5    

1. Specific
2. Time-based
3. Attainable
4. Measurable
5. Relevant

Correct answer:

This includes knowing exactly what the goals are and how to achieve them. =>
Specific,
This pertains to citing a specific amount. => Time-based,

This includes providing the basis for the personal financial activities that must be
done. => Attainable,

This allows the individual to measure his/her progress. => Relevant,

This involves relating the goals based on the individual’s income. => Measurable