Certified Paraoptometric Assistant (CPO)
Exam Questions and Answers 100% Correct
Business to Consumer (B2C) A business sells goods or services directly to the end user.
Cash Flow Statement A picture of all cash inflows and outflows within the business.
Contract A formal agreement to do work for pay.
Depreciation the degrading value of an asset over time
E-commerce (electronic commerce) the buying and selling of goods or services via the
internet
Fixed Cost A one-time expense that doesn't vary with business volume.
Gross Profit The percentage of business income before expenses.
, Just in time (JIT) A strategy to improve a business return on investment; such as
reviewing regularly ROI, creating a new plan to obtain better return, eliminating or improving
areas of poor performance and reducing inventory and cost.
Liabilities The value of what a business owes to someone else.
Payback Period The amount of time it takes to recover the initial investment of a
business.
Payroll Taxes Monies required by law to be withheld from an employees pay check each
pay period.
Profit Margin The ratio of profit divided by revenue displayed as a percentage.
Quality Assurance Management of the quality of materials and service for maintains a
high standard of performance; such as coordination of proper data collection from patients,
including history and insurance information.
Exam Questions and Answers 100% Correct
Business to Consumer (B2C) A business sells goods or services directly to the end user.
Cash Flow Statement A picture of all cash inflows and outflows within the business.
Contract A formal agreement to do work for pay.
Depreciation the degrading value of an asset over time
E-commerce (electronic commerce) the buying and selling of goods or services via the
internet
Fixed Cost A one-time expense that doesn't vary with business volume.
Gross Profit The percentage of business income before expenses.
, Just in time (JIT) A strategy to improve a business return on investment; such as
reviewing regularly ROI, creating a new plan to obtain better return, eliminating or improving
areas of poor performance and reducing inventory and cost.
Liabilities The value of what a business owes to someone else.
Payback Period The amount of time it takes to recover the initial investment of a
business.
Payroll Taxes Monies required by law to be withheld from an employees pay check each
pay period.
Profit Margin The ratio of profit divided by revenue displayed as a percentage.
Quality Assurance Management of the quality of materials and service for maintains a
high standard of performance; such as coordination of proper data collection from patients,
including history and insurance information.
