Cash Cows Lesson 14

1. What does the idiom "balance the books" mean?

• A) To count the money in your piggy bank

• B) To double-check your calculations and make sure everything adds up correctly

• C) To create a prospect list

• D) To make a short elevator speech

2. What is a "cash cow"?

• A) A cow that produces a lot of milk

• B) Something that brings in money or profits over a long period of time

• C) A list of potential customers

• D) A and B

3. Why did Lily and David need to make a prospect list?

• A) To count the money in their piggy bank

• B) To double-check their calculations

• C) To find potential customers for their coffee business

• D) To create a short elevator speech

4. Who could be potential customers according to Lily and David's parents?

• A) Family, friends, and neighbors

• B) Classmates and their parents

• C) Grandparents and best friends

• D) All of the above

5. What headings did Lily and David use for their prospect list?

• A) Name, Surname, Mobile Number, Email, and Number of bags

• B) Name, Surname, Address, and Date of Birth

• C) Name, Age, Phone Number, and Email

• D) Name, Occupation, and Hobbies

6. What did Lily and David realize as they filled in the information on their prospect list?

• A) They had a lot of potential customers

• B) Their calculations didn't add up correctly

• C) They needed to create an elevator speech

• D) They needed to count the money in their piggy bank

7. What is an elevator speech?

• A) A quick and catchy way to tell people about a business

• B) A list of potential customers

• C) A speech given in an elevator

• D) A way to balance the books

8. What did Lily and David need to have before they started calling everyone on their prospect list?

• A) A good introduction

• B) A piggy bank

• C) A cash cow

• D) A calculator

9. What were Lily and David confident about after creating their prospect list and elevator speech?

• A) They could find customers for their coffee

• B) They could count the money in their piggy bank

• C) They could create a cash cow

• D) They could balance the books

10. What were Lily and David excited about?

• A) Selling their coffee and making money

• B) Finding customers for their coffee

• C) Creating a prospect list

• D) Balancing the books