1|Pag e
CEPA PRACTICE EXAM|| ACTUAL TEST BANK
WITH 200+ QUESTIONS AND 100% CORRECT
ANSWERS ALREADY GRADED A+|| LATEST AND
COMPLETE VERSION 2025 WITH EXPERT
VERIFIED SOLUTIONS|| ASSURED PASS!!!
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 structure are you looking for when selling?
Complete this sentence: A successful exit strategy balances the "____ Legs of the
Stool."
Three
What is the cause of "sellers' cold feet" during the sale of a business?
Lack of personal planning
,2|Pag e
What is the first stage in the "Five Stages of Value Maturity?"
Identify
When ranking a business's intangible capitals, what is the main purpose of using
the common sense scoring of 1-6?
It forces you to not choose "average"
Which style of business is more likely to generate better income and sell at a
premium?
Value Creator
The four intangible capitals (The 4 Cs) include Human, Structural, Social, and __
capitals.
Customer
An independent personal, financial, and business assessment correlated to business
range of value is referred to as:
The Triggering Event
What are questions owners should be asking themselves every 90 days?
Do you want to keep growing or do you want to shift focus to exiting?
,3|Pag e
Is your business ready to transition?
Which exit options or hybrid options should we consider?
What is the second stage in the "Five Stages of Value Maturity?"
Protect
Value Acceleration is grounded in:
Action
Complete the following equation: R/EBITDA x Market Multiple = ______
Value
"Do you want to keep growing or do you want to shift focus to exiting?" is an
example of a question owners should ask themselves every ____.
90 Days
What is the third stage in the "Five Stages of Value Maturity?"
Build
What are the 3 gates in the Value Acceleration Methodology?
, 4|Pag e
Prepare
Discover
Decide
The typical business owner has ____% of their net worth tied up within their
business.
80%
What are benefits of prioritizing wealth management for a business owner?
Tax efficiency
Insurances in place (Risk Management)
Structured cash flow
Life insurance, health insurance, and product liability insurance all fall under
which section of the financial planning process?
Risk Management
What best describes the components of integrated wealth management for
individuals?
Retirement planning, risk management, estate planning, portfolio management
CEPA PRACTICE EXAM|| ACTUAL TEST BANK
WITH 200+ QUESTIONS AND 100% CORRECT
ANSWERS ALREADY GRADED A+|| LATEST AND
COMPLETE VERSION 2025 WITH EXPERT
VERIFIED SOLUTIONS|| ASSURED PASS!!!
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 structure are you looking for when selling?
Complete this sentence: A successful exit strategy balances the "____ Legs of the
Stool."
Three
What is the cause of "sellers' cold feet" during the sale of a business?
Lack of personal planning
,2|Pag e
What is the first stage in the "Five Stages of Value Maturity?"
Identify
When ranking a business's intangible capitals, what is the main purpose of using
the common sense scoring of 1-6?
It forces you to not choose "average"
Which style of business is more likely to generate better income and sell at a
premium?
Value Creator
The four intangible capitals (The 4 Cs) include Human, Structural, Social, and __
capitals.
Customer
An independent personal, financial, and business assessment correlated to business
range of value is referred to as:
The Triggering Event
What are questions owners should be asking themselves every 90 days?
Do you want to keep growing or do you want to shift focus to exiting?
,3|Pag e
Is your business ready to transition?
Which exit options or hybrid options should we consider?
What is the second stage in the "Five Stages of Value Maturity?"
Protect
Value Acceleration is grounded in:
Action
Complete the following equation: R/EBITDA x Market Multiple = ______
Value
"Do you want to keep growing or do you want to shift focus to exiting?" is an
example of a question owners should ask themselves every ____.
90 Days
What is the third stage in the "Five Stages of Value Maturity?"
Build
What are the 3 gates in the Value Acceleration Methodology?
, 4|Pag e
Prepare
Discover
Decide
The typical business owner has ____% of their net worth tied up within their
business.
80%
What are benefits of prioritizing wealth management for a business owner?
Tax efficiency
Insurances in place (Risk Management)
Structured cash flow
Life insurance, health insurance, and product liability insurance all fall under
which section of the financial planning process?
Risk Management
What best describes the components of integrated wealth management for
individuals?
Retirement planning, risk management, estate planning, portfolio management
