• 1. 
    What is cash flow?

  • The Route of Funds
  • Money that comes and goes
  • Money that goes from business to business
  • All of above
  • 2. 
    Ideally, the net cash flow should be

  • positive
  • negative
  • 3. 
    How do you build wealth

  • Manage your asset and liabilities
  • Managing your expenses
  • 4. 
    What is Income?

  • Money that goes
  • Money that flow
  • Money that you bring in
  • All of above
  • 5. 
    Purchasing an asset would be an example of

  • cash inflow
  • cash outflow
  • 6. 
    Asset-Liabilities=

  • Net Worth/Wealth
  • Cash Flow
  • Income
  • Expenses
  • 7. 
    Cash inflows less than cash outflows =

  • Positive cash flow
  • Insolvency
  • 8. 
    What is the purpose of a cash flow forecast?

  • To calculate profit or loss
  • To find out whether a business has enough cash to pay their bills
  • To find out when customers are going to pay their invoices
  • To see if the business will break even
  • 9. 
    You can have negative Net Worth.

  • True
  • False
  • 10. 
    Bills and Loans are examples of ________?

  • Assets
  • Liabilities
  • Net worth
  • Pickles
  • 11. 
    What is another word for Wealth?

  • Rich
  • Net Worth
  • Wealthy
  • All of above
  • 12. 
    Money received from a business investor would be an example of

  • cash inflow
  • cash outflow
  • 13. 
    What are the 3 types of Income?

  • Earned
  • Passive
  • Portfolio
  • All of above
  • 14. 
    How much cash a business generates from selling a non-current asset or how much they spend to acquire a non-current asset

  • Operating Activities
  • Financing Activities
  • Investing Activities
  • All of above
  • 15. 
    Which are examples of expenses?

  • Rent/Mortgage
  • Car Insurance
  • Credit Card debt
  • All of above
  • 16. 
    Property owned by a person or company, regarded as having value is an __________

  • asset
  • liability
  • net worth
  • pizza
  • 17. 
    Shows the total change in cash from operating, investing, and financing activities

  • Beginning Cash Balance
  • Net Cash Flows
  • Ending Cash Balance
  • All of above
  • 18. 
    What is an Asset?

  • debts you owe
  • anything you borrow
  • anything you own that has value
  • None of these
  • 19. 
    A thing for which someone is responsible, especially a debt or financial obligation is a _____.

  • asset
  • liability
  • net worth
  • bacon
  • 20. 
    The amount of cash moving into and out of a business

  • Cash Flow
  • Net Worth
  • 21. 
    How much cash a business generates from it's core business operations - selling products or services

  • Operating Activities
  • Financing Activities
  • Investing Activities
  • Both A & B
  • 22. 
    Why is the cash flow important?

  • To know the available cash you have
  • To know if the business/individual is being efficient with its cash
  • To avoid negative balances
  • All are correct
  • 23. 
    How much cash is received from the investment of a business owner, cash received from a bank loan, and the cash paid for a bank loan.

  • Operating Activities
  • Financing Activities
  • Investing Activities
  • None of these
  • 24. 
    What is a Liability ?

  • anything you own that has value
  • debts you owe
  • something you borrow
  • None of these
  • 25. 
    The future plan of all money transactions for a specific time frame

  • cash flow statement
  • cash flow projection
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