Managerial Economicsbasic
Under the SMARTTS framework, an objective with a stated deadline is _____.
Answer
time-bound
Explanation
### Why this is right
A time-bound objective specifies the period or deadline by which the objective is to be achieved. Without a time frame, progress and completion are harder to assess.
### The concept
The SMARTTS framework checks whether an objective is specific, measurable, achievable, realistic or relevant, time-bound, tangible, and sustainable. These features make an objective clearer and more practical to manage.
### Terms
- **SMARTTS**: Specific, Measurable, Achievable, Realistic or Relevant, Time-bound, Tangible, and Sustainable.
### Remember
A deadline or stated period signals the time-bound part of an objective.
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