Answer Key
Cash flow – Comprehension Check
- Cash flow is [very important for all businesses]
Cash flow is the lifeblood of all businesses. - If you use inaccurate cash balance, you will [fail]
Even the most experienced person will fail if they are making business decisions using inaccurate or incomplete cash balances. - The definition of failure in business is when you run [out of cash]
Running out of cash is the definition of failure in business. Make the commitment to do what it takes so it doesn't happen to you. - Having no cash [means there is hardly any business]
Remember, cash is king, because no cash means no business. - Fill in the missing preposition in this sentence: “Eliminate your cash flow worries so you are free to do what you do best-taking care [of] clients and making more money.”
Eliminate your cash flow worries so you are free to do what you do best-taking care of clients and making more money. - How often could the bank balance and the cash balance be the same? [almost never]
The bank balance and the cash balance are two different forms of cash. Rarely will the two ever be the same - Which of the expressions best completes this sentence? “10 Cash Flow Rules will help you take control of your cash flow so you can create the business you...” [have always dreamed of]
Learn 10 Cash Flow Rules to free yourself from money worries. They will help you take control of your cash flow so you can create the business you have always dreamed of. - “Wasted time” is [useless time]
wasted (time / money) – useless - Which of the questions gets to the heart of whether you are managing your business or whether your business is managing you? [What do you expect your cash balance to be six months from now?]
What do you expect your cash balance to be six months from now? This one question will transform the way you manage your business. This question really gets to the heart of whether you are managing your business or whether your business is managing you. - There is a grammar mistake in this sentence: “The key is to always be able answer the question.” Which of the expressions has the mistake? [“be able answer”]
The key is to always ]be able to answer] the question