Question

Which financial goal is specific, measurable, and timely?

A.

Open a 529 college savings plan.

B.

Contribute to a 401(k) retirement plan.

C.

Purchase $10 of company stock every quarter for two years.

D.

Reduce credit card debt by 14%.

E.

Purchase bonds at a local credit union.

Answer 1

Purchase $10 of company stock every quarter for two years.

Explanation:

Just took post test 15/15

Answer 2

C.

Purchase $10 of company stock every quarter for two years.

Explanation:

the goal of Purchase $10 of company stock every quarter for two years is specific, measurable, and timely because:

stock purchase is an investment that the goal is to get a return after some time.

specific: there is a specific amount of stock purchase, which is $10

measurable: it is easily calculated, for every dollar purchase there is a rate of return to be obtained which is clear and transparent to the stock buyer.

timely: the stock buyer has a fixed time that purchase is to be made which is every 3 months for two year.