CEPA (Certified Exit Planning Advisor) Exam
Preparation Version 1 Newest 2026-2027 With
Complete Questions And Correct Detailed Answers|
Brand New Version!
What are the three key success areas a business owner's goals and
objectives should focus on?
A) Business, Financial, and Personal
B) Business, Philanthropy, and Financial
C) Business, Transition, and Personal
D) Business, Financial, and Post-Business Life
A) Business, Financial, and Personal
When is a good time to establish goals and objectives with a business
owner within the Value Acceleration MethodologyTM?
A) During the Triggering Event so you know what the owner wants to
achieve longer term
B) Business goals and objectives are an outcome of a Personal
Envisioning workshop
1|Page
,C) After discovering and discussing themes from the Triggering Event
with the business owner
D) All of the above
C) 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?
A) Owner
B) Political
C) Family
D) Management
B) Political
Creating action plans is associated with which activity of Relentless
Execution?
A) Vision
B) Alignment
C) Accountability
D) All of the above
2|Page
,B) Alignment
Which activity do you need to complete to create personal and business
action plans?
A) Establish personal and business priorities
B) Determine and committing business resources
C) Define the personal financial deliverable or outcome expected
D) All of the above
D) All of the above
Which action below should be the first type of action to be completed
when prioritizing business actions?
A) Create a contingency plan
B) Develop the business strategy
C) Improving shop floor efficiency
D) Taking action to improve the culture within the company
A) Create a contingency plan
When is an Opportunity Assessment completed?
3|Page
, A) Before the scoreboard and team communication protocols are
developed
B) After the personal vision is established and 90-day personal actions
are selected
C) After the business vision is established and before the 90-day
business actions are selected
D) Both a and c
E) Both a and b
E) Both a and b
What is a benefit of a Start-Stop workshop?
A) A start-stop workshop is useful to determine inside versus outside
realty
B) A start-stop workshop can help you understand informal politics and
leadership in the company
C) A start-stop workshop determines what things you do well from a
customer standpoint
D) All of the above
D) All of the above
4|Page
Preparation Version 1 Newest 2026-2027 With
Complete Questions And Correct Detailed Answers|
Brand New Version!
What are the three key success areas a business owner's goals and
objectives should focus on?
A) Business, Financial, and Personal
B) Business, Philanthropy, and Financial
C) Business, Transition, and Personal
D) Business, Financial, and Post-Business Life
A) Business, Financial, and Personal
When is a good time to establish goals and objectives with a business
owner within the Value Acceleration MethodologyTM?
A) During the Triggering Event so you know what the owner wants to
achieve longer term
B) Business goals and objectives are an outcome of a Personal
Envisioning workshop
1|Page
,C) After discovering and discussing themes from the Triggering Event
with the business owner
D) All of the above
C) 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?
A) Owner
B) Political
C) Family
D) Management
B) Political
Creating action plans is associated with which activity of Relentless
Execution?
A) Vision
B) Alignment
C) Accountability
D) All of the above
2|Page
,B) Alignment
Which activity do you need to complete to create personal and business
action plans?
A) Establish personal and business priorities
B) Determine and committing business resources
C) Define the personal financial deliverable or outcome expected
D) All of the above
D) All of the above
Which action below should be the first type of action to be completed
when prioritizing business actions?
A) Create a contingency plan
B) Develop the business strategy
C) Improving shop floor efficiency
D) Taking action to improve the culture within the company
A) Create a contingency plan
When is an Opportunity Assessment completed?
3|Page
, A) Before the scoreboard and team communication protocols are
developed
B) After the personal vision is established and 90-day personal actions
are selected
C) After the business vision is established and before the 90-day
business actions are selected
D) Both a and c
E) Both a and b
E) Both a and b
What is a benefit of a Start-Stop workshop?
A) A start-stop workshop is useful to determine inside versus outside
realty
B) A start-stop workshop can help you understand informal politics and
leadership in the company
C) A start-stop workshop determines what things you do well from a
customer standpoint
D) All of the above
D) All of the above
4|Page
