CERTIFIED EXIT PLANNING ADVISOR
ACTUAL TEST PAPER 2026 QUESTIONS
AND SOLUTIONS GRADED A+
●● 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?.
Answer: 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.".
Answer: Preparation
●● Four intangible capitals (The 4Cs) include Human, Structural,
Social, and Customer (True/False).
Answer: True
●● Four intangible capitals (The 4Cs) include _ _ _ _ _, Structural,
Social, and Customer.
Answer: Human
, ●● Four intangible capitals (The 4Cs) include Human, _ _ _ _ _ _ _ _ _
_, Social, and Customer.
Answer: Structural
●● Four intangible capitals (The 4Cs) include Human, Structural, _ _ _
_ _ _, and Customer.
Answer: Social
●● Four intangible capitals (The 4Cs) include Human, Structural,
Social, and _ _ _ _ _ _ _ _.
Answer: Customer
●● Business is personal for most owners (T/F).
Answer: True
●● Exit planning is a strategic business tool used to focus the company
on maximizing business value (T/F).
Answer: True
●● The Baby Boomer generation doesn't needs to be thinking about exit
planning (T/F).
Answer: True
ACTUAL TEST PAPER 2026 QUESTIONS
AND SOLUTIONS GRADED A+
●● 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?.
Answer: 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.".
Answer: Preparation
●● Four intangible capitals (The 4Cs) include Human, Structural,
Social, and Customer (True/False).
Answer: True
●● Four intangible capitals (The 4Cs) include _ _ _ _ _, Structural,
Social, and Customer.
Answer: Human
, ●● Four intangible capitals (The 4Cs) include Human, _ _ _ _ _ _ _ _ _
_, Social, and Customer.
Answer: Structural
●● Four intangible capitals (The 4Cs) include Human, Structural, _ _ _
_ _ _, and Customer.
Answer: Social
●● Four intangible capitals (The 4Cs) include Human, Structural,
Social, and _ _ _ _ _ _ _ _.
Answer: Customer
●● Business is personal for most owners (T/F).
Answer: True
●● Exit planning is a strategic business tool used to focus the company
on maximizing business value (T/F).
Answer: True
●● The Baby Boomer generation doesn't needs to be thinking about exit
planning (T/F).
Answer: True