Prep 2026 Questions With 100% Correct
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Terms in this set (57)
What survey indicated State of Owner Readiness
that 99% of business
owners at least in some
way agreed that "having a
transition strategy is
important for my future
and the future of my
business?"
It's important to not just a. What is the strength of your intangible capital?
tell an owner the right b. What is your biggest pain point and biggest
answer, but to ask them desire?
the right question. What c. What deal structure are you looking for when
are examples of the "right selling?
question" to ask a
business owner client?
Complete the following Preparation
quote: "Luck is ___
meeting opportunity."
Four intangible capitals True
(The 4Cs) include Human,
Structural, Social, and
Customer (True/False)
Four intangible capitals Human
(The 4Cs) include _ _ _ _ _,
Structural, Social, and
Customer
, Four intangible capitals Structural
(The 4Cs) include Human,
_ _ _ _ _ _ _ _ _ _, Social, and
Customer
Four intangible capitals Social
(The 4Cs) include Human,
Structural, _ _ _ _ _ _, and
Customer
Four intangible capitals Customer
(The 4Cs) include Human,
Structural, Social, and _ _
______
Business is personal for True
most owners (T/F)
Exit planning is a True
strategic business tool
used to focus the
company on maximizing
business value (T/F)
The Baby Boomer True
generation doesn't needs
to be thinking about exit
planning (T/F)
The Value Acceleration True
Methodology provides a
structure to the exit
planning process (T/F)
A successful exit strategy Three
balances the "____ Legs of
the Stool."
What is one of the main Lack of Personal Planning
causes of "sellers' cold
feet" during the sale of a
business?