CEPA Exam Prep & CE Exam Questions and Answers |Fall
2025/2026 Update | 100% Correct Latest
Question 1
What percentage of privately held businesses that are offered for sale each year ultimately do not sell?
A) 20%
B) 40%
C) 50%
D) 80%
Correct Answer
D) 80%
Question 2
According to the Family Firm Institute, what percentage of family transitions survive into the second generation?
A) 20%
B) 30%
C) 50%
D) 70%
Correct Answer
B) 30%
Page 1 of 148
,Question 3
According to EPI's first national State of Owner Readiness Survey, what percentage of business owners have done no exit
planning
at all?
A) 99%
B) 40%
C) 83%
D) 49%
Correct Answer
D) 49%
Question 4
Which of the following is not one of the five Ds?
A) Distress
B) Decide
C) Divorce
D) Death
Correct Answer
B) Decide
Page 2 of 148
,Question 5
Business owners are leaving dollars on the table because they are not focusing on what?
A) Family unity
B) Sales and income
C) Enterprise value
D) Creating an Exit Plan
Correct Answer
C) Enterprise value
Question 6
The Advisor of the Future needs to get owners and advisors to make several paradigm shifts for exit planning and value
acceleration
to work to the benefit of owners and their families. What is the first paradigm shift that needs to be made?
A) Focus on enterprise value
B) Adopt a process and work from a common framework
C) Exit planning is good business strategy
D) All of the above
Correct Answer
C) Exit planning is good business strategy
Page 3 of 148
, Question 7
The Value Acceleration Methodology™ is based on a management philosophy called what?
A) Cognitive theory
B) Master planning
C) Business enterprise
D) Business canvas
Correct Answer
B) Master planning
Question 8
Which of the following is not a gate in the Value Acceleration Methodology?
A) Prepare
B) Plan
C) Discover
D) Decide
Correct Answer
B) Plan
Page 4 of 148
2025/2026 Update | 100% Correct Latest
Question 1
What percentage of privately held businesses that are offered for sale each year ultimately do not sell?
A) 20%
B) 40%
C) 50%
D) 80%
Correct Answer
D) 80%
Question 2
According to the Family Firm Institute, what percentage of family transitions survive into the second generation?
A) 20%
B) 30%
C) 50%
D) 70%
Correct Answer
B) 30%
Page 1 of 148
,Question 3
According to EPI's first national State of Owner Readiness Survey, what percentage of business owners have done no exit
planning
at all?
A) 99%
B) 40%
C) 83%
D) 49%
Correct Answer
D) 49%
Question 4
Which of the following is not one of the five Ds?
A) Distress
B) Decide
C) Divorce
D) Death
Correct Answer
B) Decide
Page 2 of 148
,Question 5
Business owners are leaving dollars on the table because they are not focusing on what?
A) Family unity
B) Sales and income
C) Enterprise value
D) Creating an Exit Plan
Correct Answer
C) Enterprise value
Question 6
The Advisor of the Future needs to get owners and advisors to make several paradigm shifts for exit planning and value
acceleration
to work to the benefit of owners and their families. What is the first paradigm shift that needs to be made?
A) Focus on enterprise value
B) Adopt a process and work from a common framework
C) Exit planning is good business strategy
D) All of the above
Correct Answer
C) Exit planning is good business strategy
Page 3 of 148
, Question 7
The Value Acceleration Methodology™ is based on a management philosophy called what?
A) Cognitive theory
B) Master planning
C) Business enterprise
D) Business canvas
Correct Answer
B) Master planning
Question 8
Which of the following is not a gate in the Value Acceleration Methodology?
A) Prepare
B) Plan
C) Discover
D) Decide
Correct Answer
B) Plan
Page 4 of 148
