CEPA EXAMPREP PRACTICE QUESTIONS
AND ANSWERS GUARANTEED TO PASS
●● According to the Family Firm Institute, what percentage of family
transitions survive into the second generation ?
Answer: 30%
●● What are the 5 d's ?
Answer: Divorce, Death, Distress
●● Business owners are leaving dollars on the table by not focusing on
what?
Answer: Enterprise value
●● The advisor of the future needs to get owners and advisors to make
several paradigm shifts for exit planning and value acceleration to work
to the benefit of owners and their families. What is the first paradigm
shift that needs to be made?
Answer: Exit planning is good business strategy
●● What is exit planning planning according to Richard Jackim
Answer: Exit planning asks and answers all the business, personal
financial, legal, and tax questions involved in transitioning a privately-
, owned business. It includes contingencies for illness, burnout, divorce
and death. The purpose is to maximize value of the business at the time
of exit, minimize taxes, and ensure the owner is able to accomplish all
his personal and financial goals in the process
●● What is exit planning according to Chris Snider?
Answer: Exit planning combines the plan, concept, effort and process
into clear, simple strategy to build a business that is transferable through
strong human, structural, customer and social capital. The future of you,
your family and your business are addressed by exit planning through
creating value today.
●● True/False Exit Planning is Simply good business strategy.
Answer: True.
●● After a year, of selling the business how many business owners
regret the decision?
Answer: 3 out of 4
●● How many businesses in the market do not sell?
Answer: 70-80%
●● How many family owned businesses survive into the 2nd
generation?
AND ANSWERS GUARANTEED TO PASS
●● According to the Family Firm Institute, what percentage of family
transitions survive into the second generation ?
Answer: 30%
●● What are the 5 d's ?
Answer: Divorce, Death, Distress
●● Business owners are leaving dollars on the table by not focusing on
what?
Answer: Enterprise value
●● The advisor of the future needs to get owners and advisors to make
several paradigm shifts for exit planning and value acceleration to work
to the benefit of owners and their families. What is the first paradigm
shift that needs to be made?
Answer: Exit planning is good business strategy
●● What is exit planning planning according to Richard Jackim
Answer: Exit planning asks and answers all the business, personal
financial, legal, and tax questions involved in transitioning a privately-
, owned business. It includes contingencies for illness, burnout, divorce
and death. The purpose is to maximize value of the business at the time
of exit, minimize taxes, and ensure the owner is able to accomplish all
his personal and financial goals in the process
●● What is exit planning according to Chris Snider?
Answer: Exit planning combines the plan, concept, effort and process
into clear, simple strategy to build a business that is transferable through
strong human, structural, customer and social capital. The future of you,
your family and your business are addressed by exit planning through
creating value today.
●● True/False Exit Planning is Simply good business strategy.
Answer: True.
●● After a year, of selling the business how many business owners
regret the decision?
Answer: 3 out of 4
●● How many businesses in the market do not sell?
Answer: 70-80%
●● How many family owned businesses survive into the 2nd
generation?
