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Exam (elaborations)

CEPA - Certified Exit Planning Advisor: Questions With Solutions

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CEPA - Certified Exit Planning Advisor: Questions With Solutions

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  • September 29, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CEPA
  • CEPA
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LeCrae
CEPA - Certified Exit Planning Advisor: Questions With
Solutions

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?" Right Ans - 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? Right Ans - a. What is the strength of your intangible capital?
b. What is your biggest pain point and biggest desire?
c. What deal structure are you looking for when selling?

Complete the following quote: "Luck is ___ meeting opportunity." Right Ans
- Preparation

Four intangible capitals (The 4Cs) include Human, Structural, Social, and
Customer (True/False) Right Ans - True

Four intangible capitals (The 4Cs) include _ _ _ _ _, Structural, Social, and
Customer Right Ans - Human

Four intangible capitals (The 4Cs) include Human, _ _ _ _ _ _ _ _ _ _, Social, and
Customer Right Ans - Structural

Four intangible capitals (The 4Cs) include Human, Structural, _ _ _ _ _ _, and
Customer Right Ans - Social

Four intangible capitals (The 4Cs) include Human, Structural, Social, and _ _ _ _
____ Right Ans - Customer

Business is personal for most owners (T/F) Right Ans - True

Exit planning is a strategic business tool used to focus the company on
maximizing business value (T/F) Right Ans - True

The Baby Boomer generation doesn't needs to be thinking about exit planning
(T/F) Right Ans - True

, The Value Acceleration Methodology provides a structure to the exit planning
process (T/F) Right Ans - True

A successful exit strategy balances the "____ Legs of the Stool." Right Ans -
Three

What is one of the main causes of "sellers' cold feet" during the sale of a
business? Right Ans - Lack of Personal Planning

What is the first stage in the "Five Stages of Value Maturity?" Right Ans -
Identify

What is the second stage in the "Five Stages of Value Maturity?" Right Ans -
Protect

What is the third stage in the "Five Stages of Value Maturity?" Right Ans -
Build

What is the fourth stage in the "Five Stages of Value Maturity?" Right Ans -
Harvest

What is the fifth/final stage in the "Five Stages of Value Maturity?" Right
Ans - Manage

When ranking a business's intangible capitals, what is the main purpose of
using the common sense scoring of 1 - 6 Right Ans - Forced to not chose
average

A key difference between lifestyle businesses and value creator businesses is
that value creator businesses usually generate better income (T/F) Right
Ans - True

First gate in the Value Acceleration Methodology? Right Ans - Discover

Second gate in the Value Acceleration Methodology? Right Ans - Prepare

Third gate in the Value Acceleration Methodology? Right Ans - Decide

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