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CEPA (Certified Exit Planning Advisor) Exam Prep 2024 Questions With 100% Correct Answers!!!
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CEPA (Certified Exit Planning Advisor) Exam Prep 2024 Questions With 100% Correct Answers!!!
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Name: Score:414 Multiple choice questions
Term 1 of 414
One big problem is that most accounting systems are not built to give owners regular feedback
on the ___________ number and what can be done to improve it.
hypothetical
estimated
real
theoretical
Term 2 of 414
Investment in ________________________ companies is perceived to be less risky.
private equity
startup
publicly traded
venture capital
,Definition 3 of 414
what is my wealth gap?
Valuation enhancement is ___________________, maximizes _____________, and maximizes
______________.
For smallest company rules of thumb, personal and company operating results are often
____________________ and difficult ______________________.
The best business developer you could have on your team is someone who could conduct
the ___________________________
Financial planning for business owners needs to answer the single largest question on their
mind, which is
Term 4 of 414
Value can only be harvested if your ________________________ is transferable.
financial resources
physical assets
human capital
intellectual capital
Term 5 of 414
Setting goals, making promises, and keeping them are at the heart of _______________________.
commitment
leadership
accountability
responsibility
,Term 6 of 414
Three characteristics for fastest growing middle-market companies include:
analysts, advisors, and strategists
employees, managers, and stakeholders
investors, innovators, and efficiency experts
customers, suppliers, and competitors
Term 7 of 414
You cannot transmit an idea unless you _____________________.
have it yourself
compelling force
Micro Market
entrepreneurs
Term 8 of 414
You cannot control the range, but you can control where _________________________________.
you land in the range
your competitors perform
the range shifts
the market fluctuates
, Term 9 of 414
Your belief in your vision and your ability to communicate it are a ___________________________.
irrelevant factor
weak influence
compelling force
distracting noise
Term 10 of 414
Intangible assets can be divided into four areas:
Human—the value of your talent; Structural—the value of your systems and intellectual
property; Customer—the value of your customer relationships; and Social—the value of your
brand and culture.
arms length
enterprise
annually
Term 11 of 414
A Successful Exit Strategy Has Three Legs:
EBITDA, times a cash market multiple and recasted sales times a sales market multiple.
Maximizes Transferrable Business Value, Ensures Owner is Financially Prepared, and
Ensures there is a plan for "What Next?"
pre-tax
a percentage
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