CEPA Final Exam: Certified Exit Planning Advisor Practice Test

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CEPA (Certified Exit Planning Advisor) FINAL EXAM

REVIEW 2025/2026 COMPLETE QUESTIONS WITH

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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?


What survey indicated that 99% of business owners at least in

some way agreed that "having a transition strategy is important

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for my future and the future of my business?"

.......Answer.........State of Owner Readiness


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