CVPM Cheat Sheet 2026

The 30 highest-yield CVPM facts, distilled from real exam questions. Print it, save it as a PDF, or study it here — free, no sign-up.

1. Workers' compensation insurance in a veterinary practice is primarily designed to: → Provide medical benefits and wage replacement to employees injured on the job
2. Which of the following is a significant cause of inventory shrinkage in a veterinary practice that is NOT related to product expiration or physical damage? → Failure to charge a client for a dispensed medication during a busy checkout.
3. Which pricing strategy sets product prices based on what competitors charge rather than on cost-plus calculations? → Competitive pricing
4. What does the term 'working capital' represent in a veterinary practice's financial management? → Current assets minus current liabilities
5. Under DEA regulations, a veterinary practice's controlled substance records must be maintained for a minimum of how many years? → 2 years
6. Which element is NOT required in a written Exposure Control Plan under OSHA's Bloodborne Pathogens Standard? → A list of employee salary ranges for exposed workers
7. A practice pays $15 per unit for a heartworm preventive and charges clients $35. What is the gross margin percentage? → 57.1%
8. Under OSHA's Personal Protective Equipment standard, who is responsible for providing and paying for required PPE in a veterinary practice? → The employer must provide and pay for all required PPE at no cost to employees
9. Which cost behavior pattern remains constant in total regardless of patient visit volume within a relevant range? → Fixed costs
10. A veterinarian provides a prescription for a client's pet without a valid Veterinarian-Client-Patient Relationship (VCPR). This action is: → A violation of federal and most state regulations
11. During a DEA inspection of a veterinary practice, which of the following records is the DEA investigator NOT entitled to review? → Employees' personal financial bank account records
12. Which strategic framework uses four quadrants—Stars, Cash Cows, Question Marks, and Dogs—to prioritize service line investment decisions? → The BCG Growth-Share Matrix
13. Which of the following is an example of proactive client communication? → Sending appointment reminders and wellness alerts before the client calls
14. Which DEA form must a veterinary practice submit to report theft or significant loss of controlled substances? → DEA Form 106
15. Under the Americans with Disabilities Act (ADA), a veterinary practice with 15 or more employees must: → Provide reasonable accommodations for qualified employees with disabilities
16. In the context of team development, Tuckman's model identifies four stages in order as: → Forming, Storming, Norming, Performing
17. How frequently must a DEA-registered veterinary practice conduct a physical inventory of all controlled substances on hand? → Every 2 years (biennially)
18. Under OSHA's Hazard Communication Standard (HazCom), what information must appear on a secondary container label in a veterinary practice? → Product identifier and appropriate hazard warnings
19. A practice collects a $500 deposit for a costly procedure scheduled next month. Under accrual accounting, how should this be recorded? → As a liability (unearned revenue) until the service is performed
20. A practice is found to have incorrectly classified employees as independent contractors. Under the IRS and DOL, this results in: → Back taxes, penalties, and potential liability for unpaid benefits
21. Under the Controlled Substances Act, which DEA schedule contains drugs with accepted medical use but the highest potential for abuse and severe dependence? → Schedule II
22. Which federal law governs the proper disposal of hazardous pharmaceutical waste in a veterinary practice? → Resource Conservation and Recovery Act (RCRA)
23. Which term describes the minimum quantity of an item that should be on hand before a reorder is triggered? → Reorder point
24. When a veterinary practice is sold, which document outlines the terms, price, and conditions of the transaction? → Letter of intent (LOI)
25. Which security measure is MOST important for protecting electronic patient and client records in a veterinary practice? → Role-based access controls with unique user logins and strong passwords
26. Which of the following represents a best practice for password management in a veterinary practice? → Require unique, complex passwords and change them periodically, using a password manager
27. What is an essential aspect of effective veterinary staff management? → Clear communication, task delegation, and timely issue resolution
28. When evaluating supplier contracts, which factor most directly affects the total landed cost of an inventory item? → Shipping fees, minimum order requirements, and payment terms
29. How can veterinary practices effectively manage inventory? → By using an inventory management system to track supplies
30. Why is budgeting important in veterinary practice management? → To ensure resources are allocated effectively and the practice remains financially stable