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Certified Paraoptometric (CPO) Exam questions with correct answers

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Accounts Payable CORRECT ANSWER-Outstanding business obligations that are owed to others. Accounts Receivable CORRECT ANSWER-Outstanding obligations owed to the business by others. Cash Flow Statement CORRECT ANSWER-A picture of all cash inflows and outflows within the business. Gross Profit CORRECT ANSWER-The percentage of business income before expenses. Just in Time (JIT) CORRECT ANSWER-A strategy to improve a business return on investment. Net Income/Profit CORRECT ANSWER-Revenues minus expenses. Net Worth CORRECT ANSWER-The total value of a business. Return on Investment (ROI) CORRECT ANSWER-A measurement of success of a project; the percent of profit earned on an investment. An optometrist is licensed by which governing body: CORRECT ANSWER-State

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