Which of the following long-term goals is stated most clearly using the SMART approach?
Multiple Choice
B. Retire in 10 years at age 65.
A. Buy a car for less than [tex]$15,000 within 6 months.
E. Invest $[/tex]50 per month for the next 12 years for my nephew's college fund.



Answer :

Final answer:

Retire in 10 years at age 65 is the clearest goal using the SMART approach.


Explanation:

Retire in 10 years at age 65 is stated most clearly using the SMART approach.

  • Specific: The goal is clear and well-defined - retire at age 65.
  • Measurable: The time frame of 10 years provides a specific measure of achieving the goal.
  • Achievable: Given a reasonable retirement age and time frame, it is achievable.
  • Relevant: Retirement is a significant long-term financial goal.
  • Time-bound: The goal has a specific time frame of 10 years.

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