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CEPA COURSE EXAM QUESTIONS & TERMS BANK WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED

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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?" - ANS State of Owner Readiness It's important to not just tell an owner the right answer, but to ask them the right question. Which is an example of the "right question" to ask a business owner client? - ANS a. What is the strength of your intangible capital? b. What is your biggest pain point and bigg...

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CEPA PRACTICE EXAM QUESTIONS & TERMS BANK WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE)

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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?" State of Owner Readiness It's important to not just tell an owner the right answer, but to ask them the right question. What are examples of the "right question" to ask a business owner client? What is the strength of your intangible capital? What is your biggest pain point and biggest desire? What deal...

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CEPA (CERTIFIED EXIT PLANNING ADVISOR) EXAM PREP 2022 STUDY GUIDE QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE)

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What is the calculation for Recast EBITDA? Addbacks + EBITDA = Recast EBITDA What does EBITDA stand for? Earnings Before Interest, Taxes, Depreciation, & Amortization What are the three gaps within the Value Acceleration Methodology? Wealth Gap, Value Gap, & Profit Gap What are the Five Stages of Value Maturity in order? Identify, Protect, Build, Harvest, Manage In the Five Stages of Value Maturity, what occurs in the "Identify" stage? Identify and asses the busi...

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CEPA EXAM STUDY GUIDE QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE)

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__% of owners have no WRITTEN transition plan. - ANS 79 __% have done no planning at all. - ANS 48 __% have no written personal THIRD ACT plan. - ANS 94 __% of owners plan to transition over the next 10 years (representing ____ million businesses and over $___ trillion in wealth). - ANS 76%, 4.5 million, $10 trillion ___ of business owners have no transition plan. - ANS 49% More than __% of businesses that are put on the market do not sell. - ANS 70 Only __% ...

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DEP2004 FINAL EXAM STUDY GUIDE QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE)

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Menopause - ANS a woman permanently stops ovulating and menstruating Drop in estrogen & progesterone Alzheimer's disease - ANS robs person of intelligence, awareness, ability to control bodily functions, & finally kills them Hypertension - ANS (high blood pressure) risk factor for cardiovascular and kidney diseases. Diabetes - ANS cells lose ability to use insulin produced Primary Aging - ANS - Gradual, inevitable process of aging - Occurs throughout years, des...

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DEP2004 FINAL EXAM STUDY GUIDE QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE)

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Can people easily tell the difference between male and female infants? - ANS Aren't differences in the first 6 months of infancy; We gender identify very early; People are uncomfortable when they aren't sure of gender; Boys are less likely to do stuff associated with the opposite gender Do we create or respond to sex differences? - ANS Respond to Sex Differences; ⅓ were told it was a boy, ⅓ were told it was a girl, ⅓ were given no info; people handed masculine toys to ...

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DEP2004 FINAL EXAM STUDY GUIDE QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED

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Development - ANS Pattern of changes that occur throughout the life span (conception to death) life expectancy - ANS 78 years old Lifelong - ANS No age dominates another during development multidimensional - ANS Biological, cognitive, emotional, social Multidirectional - ANS Some dimensions/components expand/shrink over time (ex. Ability to lean a language) Plasticity - ANS The capacity for change Normative age graded influence - ANS Influences simil...

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DEP2004 FINAL EXAM STUDY GUIDE QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE)

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A concept or practice that may appear natural and obvious to those who accept it, but in reality is an invention of a particular culture is an example of - ANS social construction Which of the following is true about physical development? - ANS It interacts with cognitive, personality, and social development at all ages. During which developmental period do most people finish their formal education, become independent, and start families and careers? - ANS young adulthood Th...

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DEP2004 FINAL EXAM STUDY GUIDE QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED

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Personal fable - ANS belief that one's thoughts, feelings, and experiences are unique, more wonderful or awful than anyone else's. Formal operational thought - ANS characterized by more systematic logic and the ability to think about abstract ideas Deductive reasoning - ANS reasoning from a general statement, premise, or principle, through logical steps, to figure out specifics. Hypothetical thought - ANS reasoning that includes propositions and possibilities Invinc...

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