2026/2027 CEPA (CERTIFIED EXIT PLANNING ADVISOR) ACTUAL
EXAM WITH A NEW UPDATED STUDY GUIDE COMPLETE
ACCURATE EXAM REAL QUESTIONS AND CORRECT VERIFIED
SOLUTIONS (A NEW UPDATED VERSION) |GUARANTEED PASS A+
FULL REVISED CEPA EXAM
What is a common exit readiness issue?
a. No personal goals and objectives
b. Shareholders/family members aren't on the same page
c. Credibility of financial information
answer- d. All of the above (correct)
Year over year growth in sales and profit would benefits a company's:
Answer- Attractiveness
A business attractiveness score of 67% is considered:
Answer- d. Above average
Why would an owner want to have a business valuation performed on
their company?
a. Divorce
,b. Ownership transfer to family
c. Installing an ESOP
answer- d. All of the above (correct)
Which of the following is NOT a standard of value when it comes to
business valuation?
Answer- b. Hypothetical value
Fair Market Standard of Value is defined as the price at which the
property would change hands between a "hypothetical" willing buyer
and a "hypothetical" willing seller. (T/F)
Answer- True
The primary benefit of the Discounted Cash Flow (DCF) method of
valuation is that it represents a specific forecast of future financial
results. (T/F)
Answer- True
Which of the following is not one of the three broad approaches to
determining value?
Answer- a. Liquidity
,In the income approach to business valuation, which method is
predicated on a specific future look at economic benefits?
Answer- d. Discounted cash flow method
What are the two most common types of transactions during a business
sale?
Answer- b. Asset Sale and Stock Sale
For valuation purposes, the financial results for closely held companies
are not often normalized for non-recurring costs and discretionary
expenses. (T/F)
Answer- False
How does creating a vision help focus a business owner?
a. Expresses personal values
b. Drives inspiration
c. Directs focus and movement forward
answer- d. All of the above (correct)
, In which gate of the Value Acceleration Methodology should you create
a prioritized action plan?
Answer- a. Discover
What are the three key success areas a business owner's goals and
objectives should focus on?
Answer- d. Business, Financial, and Personal
When is a good time to establish goals and objectives with a business
owner within the Value Acceleration Methodology™?
Answer- 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?
Answer- b. Political
Which of the following is NOT a characteristic of a SMART goal?
Answer- b. Cost effective
EXAM WITH A NEW UPDATED STUDY GUIDE COMPLETE
ACCURATE EXAM REAL QUESTIONS AND CORRECT VERIFIED
SOLUTIONS (A NEW UPDATED VERSION) |GUARANTEED PASS A+
FULL REVISED CEPA EXAM
What is a common exit readiness issue?
a. No personal goals and objectives
b. Shareholders/family members aren't on the same page
c. Credibility of financial information
answer- d. All of the above (correct)
Year over year growth in sales and profit would benefits a company's:
Answer- Attractiveness
A business attractiveness score of 67% is considered:
Answer- d. Above average
Why would an owner want to have a business valuation performed on
their company?
a. Divorce
,b. Ownership transfer to family
c. Installing an ESOP
answer- d. All of the above (correct)
Which of the following is NOT a standard of value when it comes to
business valuation?
Answer- b. Hypothetical value
Fair Market Standard of Value is defined as the price at which the
property would change hands between a "hypothetical" willing buyer
and a "hypothetical" willing seller. (T/F)
Answer- True
The primary benefit of the Discounted Cash Flow (DCF) method of
valuation is that it represents a specific forecast of future financial
results. (T/F)
Answer- True
Which of the following is not one of the three broad approaches to
determining value?
Answer- a. Liquidity
,In the income approach to business valuation, which method is
predicated on a specific future look at economic benefits?
Answer- d. Discounted cash flow method
What are the two most common types of transactions during a business
sale?
Answer- b. Asset Sale and Stock Sale
For valuation purposes, the financial results for closely held companies
are not often normalized for non-recurring costs and discretionary
expenses. (T/F)
Answer- False
How does creating a vision help focus a business owner?
a. Expresses personal values
b. Drives inspiration
c. Directs focus and movement forward
answer- d. All of the above (correct)
, In which gate of the Value Acceleration Methodology should you create
a prioritized action plan?
Answer- a. Discover
What are the three key success areas a business owner's goals and
objectives should focus on?
Answer- d. Business, Financial, and Personal
When is a good time to establish goals and objectives with a business
owner within the Value Acceleration Methodology™?
Answer- 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?
Answer- b. Political
Which of the following is NOT a characteristic of a SMART goal?
Answer- b. Cost effective
