Advisor) Exam Prep 2026
Questions With 100% Correct
Answers!!!
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?" - ANSWER ✔✔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? - 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