What is duration of short term, mid term & long term? (2024)

FAQs

What is duration of short term, mid term & long term? ›

Short-term goals can be achieved in fewer than two months. Medium-term goals may take from two months to three years to achieve. Long-term goals require three or more years to achieve.

Though the term does not necessarily denote a specific length of time, many consider anything below two years to be short-term; from two to ten years as medium term; and anything beyond 10 years to be long term.

Possible Answer #2

As a short-term goal, I see myself gaining trust and credibility. If I can be reliable within a short period of time, I can be trusted with various new tasks. While the short-term goal can be achieved within the initial years, my long term goals are related to my development in upcoming years.

How long are short- medium- and long term? There are no exact definitions, but short-term usually means a period shorter than two years, medium-term covers a range from 2 to 5 or 10 years and long-term is a period longer than 5 or 10 years.

"Long term" refers to the extended period of time that an asset is held. Depending on the type of security, a long-term asset can be held for as little as one year or for as long as 30 years or more.

Goals that can happen quickly are called short-term goals. Goals that take a long time to achieve are called long-term goals. Find out more about them. A short-term goal is something you want to do in the near future. The near future can mean today, this week, this month, or even this year.

If your short-term goal is to learn new skills, for instance, your long-term goal might be to gain a managerial position that allows you to lead a team. Focus on guiding yourself toward the future you envision. Keep your answers honest, but let the company and position guide you.

'My two short term goals include first of all getting a job with your company, and then quickly learning the role, getting to know my team, and becoming a productive and reliable member of the organisation. One of my long term goals is to gain leadership experience, preferably within your company.

What is the medium term? ›

The medium-term is the period of time which lasts a few months or years beyond the present time, in contrast with the short term or the long term. The medium-term economic prospects remained poor. American English: medium term /ˈmidiəmˌtɜrm/

Broadly speaking, these terms can be defined thus: • the long-term plan is the scheme of work • the medium-term plan is the unit of work • the short-term plan is the planning for lessons. It is probably better to think in terms of 'planning'. The term 'plans' may imply set, unchanging formats and diagrams.

Short-term is used to describe things that will last for a short time, or things that will have an effect soon rather than in the distant future. Investors weren't concerned about short-term profits over the next few years.

While benefit periods may vary across different providers, most short-term disability policies provide benefits for 3 to 6 months. Some policies, especially those connected with a long-term disability policy, may provide short-term coverage for an entire year.

You'll usually see financial goals categorized into three timeframes: Short-term goals: One year or less. Midterm goals: One to five years. Long-term goals: More than five years.

The difference between long-term and short-term investments is time: A long-term investment could be held for five years, 10 years, 30 years or more, whereas short-term investments may only be held for a few months to a few years.

Short-term financing is a loan you take out and repay over a shorter period of time—generally one to two years. These loans are typically used to cover immediate needs, such as inventory or cash flow fluctuations. In comparison, long-term financing usually comes with multiyear repayment terms.

The long-term scheduler chooses the processes or jobs from the job pool. In contrast, the short-term scheduler chooses the processes from the ready queue. The long-term scheduler controls the multiprogramming degree. In contrast, the short-term scheduler has less control over multiprogramming.

A Long-Term Scheduler helps in controlling the overall degree of multiprogramming. The Short-Term Scheduler provides much less control over the degree of multiprogramming. Medium-Term reduces the overall degree of multiprogramming. Selects processes from the pool and then loads them into the memory for execution.