1|Page
CEPA (Certified Exit Planning Advisor) Exam Test
Bank – 100% Guaranteed Pass ||Verified Exam!!||
Comprehensive & Updated Questions||Newest Exam!!!
What survey indicated 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?" -
Answer-State of Owner Readiness
What question should you be asking yourself when
performing an opportunity assessment?
a. What are the deliverables
b. Where are the resources coming from?
c. What are the risks?
d. All of the above - Answer-d. All of the above
The "Wow" Curve charts a business owner's _____ over
time.
a. Financials
b. Enthusiasm
c. Growth
d. Value - Answer-b. Enthusiasm
,2|Page
What is the best definition of relentless execution?
a. A specific set of behaviors and techniques that
companies need to master in order to have a competitive
advantage.
b. Developing and implementing action plans.
c. The process of holding people's feet to the fire and
disciplining them when they miss their goals.
d. It all depends on the client's preference. - Answer-a. A
specific set of behaviors and techniques that companies
need to master in order to have a competitive advantage.
examples of advisors that should be added to the team
starting in the _______ gate of the value acceleration
process.
a. Prepare
b. Decide
c. Discover
d. Determine - Answer-c. Discover
All exit planning teams should contain a family therapist.
a. True
b. False - Answer-b. False
,3|Page
What is a potential con of working within a team?
a. Slower production
b. More expensive
c. More complicated
d. All the above - Answer-d. All the above
Specialized consultants are typically considered members
of an owner's:
a) Extended team
b) Core team
c) Accountability team
d) All of the above - Answer-a) Extended team
What is not a core element of a team that makes it
effective?
a) Financial Knowledge
b) Trust
c) Rhythm
d) Commitment - Answer-a) Financial Knowledge
, 4|Page
The core capabilities of the Value Advisor include
engaging advisors, resolve conflicts, and focusing on
enterprise value.
a) True
b) False - Answer-a) True
What is the common goal of the team, no matter who is in
the door first?
a) Getting the owner to do the Triggering Event
b) Set a budget
c) 90-day sprints
d) It depends on the client's preference - Answer-a)
Getting the owner to do the Triggering Event
Which of the following would be considered a con of the
intergeneration transfer exit option?
a. Business legacy preservation
b. Longer sale process
c. Lower sale price
d. Higher taxes - Answer-c. Lower sale price
CEPA (Certified Exit Planning Advisor) Exam Test
Bank – 100% Guaranteed Pass ||Verified Exam!!||
Comprehensive & Updated Questions||Newest Exam!!!
What survey indicated 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?" -
Answer-State of Owner Readiness
What question should you be asking yourself when
performing an opportunity assessment?
a. What are the deliverables
b. Where are the resources coming from?
c. What are the risks?
d. All of the above - Answer-d. All of the above
The "Wow" Curve charts a business owner's _____ over
time.
a. Financials
b. Enthusiasm
c. Growth
d. Value - Answer-b. Enthusiasm
,2|Page
What is the best definition of relentless execution?
a. A specific set of behaviors and techniques that
companies need to master in order to have a competitive
advantage.
b. Developing and implementing action plans.
c. The process of holding people's feet to the fire and
disciplining them when they miss their goals.
d. It all depends on the client's preference. - Answer-a. A
specific set of behaviors and techniques that companies
need to master in order to have a competitive advantage.
examples of advisors that should be added to the team
starting in the _______ gate of the value acceleration
process.
a. Prepare
b. Decide
c. Discover
d. Determine - Answer-c. Discover
All exit planning teams should contain a family therapist.
a. True
b. False - Answer-b. False
,3|Page
What is a potential con of working within a team?
a. Slower production
b. More expensive
c. More complicated
d. All the above - Answer-d. All the above
Specialized consultants are typically considered members
of an owner's:
a) Extended team
b) Core team
c) Accountability team
d) All of the above - Answer-a) Extended team
What is not a core element of a team that makes it
effective?
a) Financial Knowledge
b) Trust
c) Rhythm
d) Commitment - Answer-a) Financial Knowledge
, 4|Page
The core capabilities of the Value Advisor include
engaging advisors, resolve conflicts, and focusing on
enterprise value.
a) True
b) False - Answer-a) True
What is the common goal of the team, no matter who is in
the door first?
a) Getting the owner to do the Triggering Event
b) Set a budget
c) 90-day sprints
d) It depends on the client's preference - Answer-a)
Getting the owner to do the Triggering Event
Which of the following would be considered a con of the
intergeneration transfer exit option?
a. Business legacy preservation
b. Longer sale process
c. Lower sale price
d. Higher taxes - Answer-c. Lower sale price
