CEPA Exam Prep and CE (Latest Update) Questions
and Answers (GRADED A) 100 OUT OF 100
What percentage of privately held businesses that are offered for sale each year ultimately do not sell?
A) 20%
B) 40%
C) 50%
D) 80%
D) 80%
According to the Family Firm Institute, what percentage of family transitions survive into the second
generation?
A) 20%
B) 30%
C) 50%
D) 70%
B) 30%
According to EPI's first national State of Owner Readiness Survey, what percentage of business owners
have done no exit planning
at all?
A) 99%
B) 40%
C) 83%
D) 49%
D) 49%
,Which of the following is not one of the five Ds?
A) Distress
B) Decide
C) Divorce
D) Death
B) Decide
Business owners are leaving dollars on the table because they are not focusing on what?
A) Family unity
B) Sales and income
C) Enterprise value
D) Creating an Exit Plan
C) 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?
A) Focus on enterprise value
B) Adopt a process and work from a common framework
C) Exit planning is good business strategy
D) All of the above
C) Exit planning is good business strategy
The Value Acceleration Methodology™ is based on a management philosophy called what?
,A) Cognitive theory
B) Master planning
C) Business enterprise
D) Business canvas
B) Master planning
Which of the following is not a gate in the Value Acceleration Methodology?
A) Prepare
B) Plan
C) Discover
D) Decide
B) Plan
Which of the following is a benefit of focusing on value?
A) Very predictable results
B) Gets employees thinking like owners
C) Mitigates risk
D) All of the above
D) All of the above
The "Triggering Event" is delivered in what gate of the Value Acceleration Methodology?
A) Discover
B) Prepare
C) Decide
D) All of the above
A) Discover
, What is the total timeframe it typically takes to move a business owner through the full Value
Acceleration Methodology process?
A) Six months to one year
B) Minimum of one year
C) One to three years
D) 3.5 years or more
D) 3.5 years or more
Personal liability insurance is a supplementary insurance that is not imperative for business owners to
own since most homeowners
and car insurance policies are comprehensive and cover similar liabilities.
A) True
B) False
B) False
Wealth management includes various components of investment management and comprehensive
planning such as:
A) Portfolio management
B) Retirement planning
C) Risk management
D) Estate planning
E) All of the above
E) All of the above
Which of the following is an example of lacking portfolio diversification?:
and Answers (GRADED A) 100 OUT OF 100
What percentage of privately held businesses that are offered for sale each year ultimately do not sell?
A) 20%
B) 40%
C) 50%
D) 80%
D) 80%
According to the Family Firm Institute, what percentage of family transitions survive into the second
generation?
A) 20%
B) 30%
C) 50%
D) 70%
B) 30%
According to EPI's first national State of Owner Readiness Survey, what percentage of business owners
have done no exit planning
at all?
A) 99%
B) 40%
C) 83%
D) 49%
D) 49%
,Which of the following is not one of the five Ds?
A) Distress
B) Decide
C) Divorce
D) Death
B) Decide
Business owners are leaving dollars on the table because they are not focusing on what?
A) Family unity
B) Sales and income
C) Enterprise value
D) Creating an Exit Plan
C) 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?
A) Focus on enterprise value
B) Adopt a process and work from a common framework
C) Exit planning is good business strategy
D) All of the above
C) Exit planning is good business strategy
The Value Acceleration Methodology™ is based on a management philosophy called what?
,A) Cognitive theory
B) Master planning
C) Business enterprise
D) Business canvas
B) Master planning
Which of the following is not a gate in the Value Acceleration Methodology?
A) Prepare
B) Plan
C) Discover
D) Decide
B) Plan
Which of the following is a benefit of focusing on value?
A) Very predictable results
B) Gets employees thinking like owners
C) Mitigates risk
D) All of the above
D) All of the above
The "Triggering Event" is delivered in what gate of the Value Acceleration Methodology?
A) Discover
B) Prepare
C) Decide
D) All of the above
A) Discover
, What is the total timeframe it typically takes to move a business owner through the full Value
Acceleration Methodology process?
A) Six months to one year
B) Minimum of one year
C) One to three years
D) 3.5 years or more
D) 3.5 years or more
Personal liability insurance is a supplementary insurance that is not imperative for business owners to
own since most homeowners
and car insurance policies are comprehensive and cover similar liabilities.
A) True
B) False
B) False
Wealth management includes various components of investment management and comprehensive
planning such as:
A) Portfolio management
B) Retirement planning
C) Risk management
D) Estate planning
E) All of the above
E) All of the above
Which of the following is an example of lacking portfolio diversification?:
