1) Define or describe the terms: revenue, cash, profit, cash budget, cash flow, and cash flow cycle. Why is it important to understand the differences among them?
2) If you were having difficulty getting your customers to pay in a timely manner, what could you do to speed payment?
3) Offer several suggestions on how to trim overhead expenses in order to avoid a cash crunch. Explain how each technique can reduce the cash requirements for a small business.
4) How can bartering improve a company's cash position?