CEPA EXAM PREP AND CE 2026 EXAM |ALL QUESTIONS AND
CORRECT DETAILED ANSWERS | RATED A+ | NEW AND
REVISED
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%: D) 80%
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%: B) 30%
3. According to EPI's first national State of Owner Readiness Survey, what per-
centage of business owners have done no exit planning
at all?
A) 99%
B) 40%
C) 83%
D) 49%: D) 49%
4. Which of the following is not one of the five Ds?
A) Distress
B) Decide
C) Divorce
D) Death: B) Decide
5. Business owners are leaving dollars on the table because they are not focus- ing on
what?
,A) Family unity
B) Sales and income
C) Enterprise value
D) Creating an Exit Plan: C) Enterprise value
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: C) Exit planning is good business strategy
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: B) Master planning
8. Which of the following is not a gate in the Value Acceleration Methodology?
A) Prepare
B) Plan
C) Discover
D) Decide: B) Plan
9. Which of the following is a benefit of focusing on value?
A) Very predictable results
B) Gets employees thinking like owners
C) Mitigates risk
D) All of the above: D) All of the above
10. The "Triggering Event" is delivered in what gate of the Value Acceleration
Methodology?
A) Discover
B) Prepare
C) Decide
D) All of the above: A) Discover
11. What is the total timeframe it typically takes to move a business owner
through the full Value Acceleration Methodology process?
, A) Six months to one year
B) Minimum of one year
CORRECT DETAILED ANSWERS | RATED A+ | NEW AND
REVISED
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%: D) 80%
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%: B) 30%
3. According to EPI's first national State of Owner Readiness Survey, what per-
centage of business owners have done no exit planning
at all?
A) 99%
B) 40%
C) 83%
D) 49%: D) 49%
4. Which of the following is not one of the five Ds?
A) Distress
B) Decide
C) Divorce
D) Death: B) Decide
5. Business owners are leaving dollars on the table because they are not focus- ing on
what?
,A) Family unity
B) Sales and income
C) Enterprise value
D) Creating an Exit Plan: C) Enterprise value
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: C) Exit planning is good business strategy
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: B) Master planning
8. Which of the following is not a gate in the Value Acceleration Methodology?
A) Prepare
B) Plan
C) Discover
D) Decide: B) Plan
9. Which of the following is a benefit of focusing on value?
A) Very predictable results
B) Gets employees thinking like owners
C) Mitigates risk
D) All of the above: D) All of the above
10. The "Triggering Event" is delivered in what gate of the Value Acceleration
Methodology?
A) Discover
B) Prepare
C) Decide
D) All of the above: A) Discover
11. What is the total timeframe it typically takes to move a business owner
through the full Value Acceleration Methodology process?
, A) Six months to one year
B) Minimum of one year
