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CEPA – Questions With Complete Solutions (Pass!)
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CEPA – Questions With Complete Solutions (Pass!)
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CEPA – Questions With Complete Solutions (Pass!)What are the two most common types of transactions during a business sale?
Asset Sale and Stock Sale
Asset Sale and Public Sale
Public Sale and Stock Sale
Public Sale and Private Sale Right Ans - Asset Sale and Stock Sale
For valuation purposes, the financial results for closely held companies are
not often normalized for non-recurring costs and discretionary expenses.
TRUE
FALSE Right Ans - FALSE
How does creating a vision help focus a business owner?
Expresses personal values
Drives inspiration
Directs focus and movement forward
All of the above Right Ans - All of the above
In which gate of the Value Acceleration Methodology should you create a
prioritized action plan?
Discover
Prepare
Decide
Execute Right Ans - Discover
What are the three key success areas a business owner's goals and objectives
should focus on?
Business, Philanthropy, and Financial
Business, Transition, and Personal
Business, Financial, and Personal
Business, Financial, and Post-Business Life Right Ans - Business, Financial,
and Personal
,When is a good time to establish goals and objectives with a business owner
within the Value Acceleration Methodology™?
- During the Triggering Event so you know what the owner wants to achieve
longer term
- Business goals and objectives are an outcome of a Personal Envisioning
workshop
- After discovering and discussing themes from the Triggering Event with the
business owner
- After the owner has sold their business Right Ans - After discovering and
discussing themes from the Triggering Event with the business owner
Which of the following is not a conflicting value system to be considered when
establishing goals and objectives?
Owner
Political
Family
Management Right Ans - Political
Which of the following is NOT a characteristic of a SMART goal?
Specific
Realistic
Measurable
Cost effective Right Ans - Cost effective
When creating an action plan, you should aim to set no more than five
business and five personal actions to complete in ______.
7-Day Sprints
30-Day Sprints
90-Day Sprints
120-Day Sprints Right Ans - 90-Day Sprints
Creating action plans is associated with which activity of Relentless
Execution?
Vision
,Alignment
Accountability
Rhythm Right Ans - Alignment
Which activity do you need to complete to create personal and business action
plans?
Establish personal and business priorities
Determine and committing business resources
Define the personal financial deliverable or outcome expected
All of the above Right Ans - All of the above
What is a benefit of a Start-Stop workshop?
- A start-stop workshop is useful to determine inside versus outside realty
- A start-stop workshop can help you understand informal politics and
leadership in the company
- A start-stop workshop determines what things you do well from a customer
standpoint
- All of the above Right Ans - All of the above
When sorting projects, which of the below categories do de-risking projects
typically fall into?
Low value, low cost
Low value, high cost
High value, low cost
High value, high cost Right Ans - Low value, low cost
In what gate do you create a personal action plan for the business owner?
Discover Gate
Prepare Gate
Decide Gate
None of the above Right Ans - Discover Gate
What are the first type of actions a business owner should focus on when
setting priorities in an action plan?
, Improving culture
Life after planning
Mitigating risk
Marketing and growth Right Ans - Mitigating risk
What question should you be asking yourself when performing an
opportunity assessment?
What are the deliverables?
Where are the resources coming from?
What are the risks?
All of the above Right Ans - All of the above
Name three of the four cornerstones of relentless execution
Discover, Prepare, Decide
Analyze, Align, Implementation
De-risk, Efficiency, Growth
Vision, Accountability, Rhythm Right Ans - Vision, Accountability, Rhythm
What tools or deliverables are useful to help sustain action and deliver the
action plan?
A monthly 1:1 workshop
A monthly team accountability workshop
An Opportunity Assessment
Both a and b Right Ans - Both a and b
What is the best definition of a 90-day sprint?
- An annual road race that stretches from Las Vegas to Los Angeles every
spring.
- A continual loop of prioritizing, executing, measuring, reconnecting, and
recalibrating every 90 days.
- A process that focuses on selection of one-year initiatives, 90-day projects
and long-term goals.
- A process that determines needs versus wants, buy-sell agreement and
strategy. Right Ans - A continual loop of prioritizing, executing, measuring,
reconnecting, and recalibrating every 90 days.
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