CEPA Certified Exit Planning Advisor Questions with Correct Answers 2026 | Complete Exam Study Guide & Practice Test

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s with correctanswers2026
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What survey indicated that 99%Fof business owners at least in some way agreed that "havingFa transition strate
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gy is important for my future and the future of my business?" - CORRECT ANSWER -
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State of Owner Readiness h h h




It's important to not just tell an owner the right answer, but to ask them the right question. What are exa mples o
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f the "right question" to askFa business owner client? - CORRECT ANSWER -
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a. What is the strength of your intangible capital?
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b. What is your biggest pain point and biggest desire?
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c. What deal structure are you looking for when selling?
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Complete the following quote: "LuckFisF h h h h h meeting opportunity." - CORRECT ANSWER -Preparation
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Four intangible capitals (The 4Cs) include Human, Structural, Social, and Customer (True/False) -
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hCORRECT ANSWER -True h h




Four intangible capitals (The 4Cs) include _______ , Structural, Social, and Customer - CORRECT ANSWER -
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Human



Four intangible capitals (The 4Cs) include Human, _______________ , Social, and Customer -
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CORRECT ANSWER -Structural h h




Four intangible capitals (The 4Cs) include Human, Structural, __________, and Customer -
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CORRECT ANSWER -Social h h




Four intangible capitals (The 4Cs) include Human, Structural, Social, and ____________ _ -
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CORRECT ANSWER -Customer h h




Business is personal for most ownersF(T/F) - CORRECT ANSWER -True
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, Exit planning is a strategic business tool used to focus the company on maximizing business value (T/F) -
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CORRECT ANSWER -True
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The Baby Boomer generation doesn't needs to be thinking about exit planning (T/F) - CORRECT ANSWER - True
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The Value AccelerationMethodology provides a structure to the exit planningFprocess (T/F) -
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CORRECT ANSWER -True
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A successfulexit strategy balances the "
h h h h h h Legs of the Stool." - CORRECT ANSWER -Three
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What is one of the main causes of "sellers' cold feet" during the sale of a business? - CORRECT ANSWER -
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Lack of Personal Planning
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WhatFis the first stage in the "Five Stages of Value Maturity?" - CORRECT ANSWER -Identify
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WhatFis the second stage inthe "Five Stages of Value Maturity?" - CORRECT ANSWER -Protect
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WhatFis the thirdstage in the "Five Stages of Value Maturity?" - CORRECT ANSWER -Build
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WhatFis the fourth stage in the "Five Stages of Value Maturity?" - CORRECT ANSWER -Harvest
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WhatFis the fifth/final stage in the "Five Stages of Value Maturity?" - CORRECT ANSWER -Manage
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When ranking a business's intangible capitals, what is the main purpose of using the common sense scori ng of
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1 - 6 - CORRECT ANSWER -Forced to not chose average
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A key difference between lifestyle businesses andvalue creator businesses is that value creator businesse s usu
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ally generate better income (T/F) - CORRECT ANSWER -True
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First gate in the Value Acceleration Methodology? - CORRECT ANSWER -Discover
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