Page 1 of 112
CEPA EXAM AND STUDY GUIDE NEWEST 2025 TEST
BANK| COMPLETE 600 REAL EXAM QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) GRADED A+| CERTIFIED EXIT PLANNING
ADVISOR (CEPA) EXAM PREP 2025 (BRAND NEW!!)
What two workshops typically occur after the conclusion of a triggering
event? - ANSWER -Personal Envisioning workshop, and Business
Envisioning workshop.
What are 5 drivers of your personal vision? - ANSWER -1. Personal
Identity
2. Financial Security
3. Health Status
4. Family Responsibilities
5. Partner and Family situations
When it comes to developing personal goals, what does the acronym
S.T.E.P. stand for? - ANSWER -Spiritual, Things, Experiences, People
What is the hierarchy of action priorities? - ANSWER -De-risking
actions
Strategic actions
Actions to increase efficiency
pg. 1
,Page 2 of 112
Actions to impact growth
Culture development
What are 90 day sprints? - ANSWER -A continual loop is prioritizing,
executing, measuring, accountability, and recalibrating every 90 days.
What are the two most common types of transactions during a business
sale? - Asset Sale and Stock Sale
5 Stages of the Value Maturity Index - ANSWER -Identify, Protect,
Build, Harvest, and Manage Value
The 4 C's - ANSWER -Human, Structural, Customer, Social
Strategic Value factors you control - ANSWER -Predictable Cash Flow,
Clean Balance Sheet, Size Matters!
Strategic Value factors you control some of - ANSWER -Private capital
market conditions, Terms/Exit Option, Tangibles (value factors)
Traditional accounting systems are setup to provided regular feedback
on _____________________, yet your ________________________
are the direct drivers of business attractiveness. - ANSWER -tangible
assets, intangible assets
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Value Acceleration measures the value of your
________________________. - ANSWER -intangible assets
Value Acceleration is a proven process that focuses on value growth and
aligning __________________, __________________, and
__________________ goals. - ANSWER -business, personal, and
financial
Value Acceleration is a proven process that focuses on
____________________ and aligning business, personal, and financial
goals. - ANSWER -value growth
Value is the primary long-term goal, not _______________. - ANSWER
-income
Value Acceleration is achieved by focusing on
______________________, which is based on the strength of your
intellectual capital (your intangible assets). - ANSWER -the multiple
Value Acceleration is achieved by focusing on the multiple, which is
based on the strength of your _______________________________. -
ANSWER -intellectual capital (your intangible assets)
There are five stages to creating a more valuable business: - ANSWER -
Identify, Protect, Build, Harvest, and Manage
pg. 3
, Page 4 of 112
___ to ____% of your net worth is locked up in your business. -
ANSWER -80 to 90%
You should have your business professionally valued at least
____________. - ANSWER -annually
________________________ is accomplished by creating and
implementing prioritized de-risking action plans. - ANSWER -
Protecting value
______________________ is the first step in building value. -
ANSWER -Protecting value
Valuations are based in part on the ________ and _________________
from a buyer's point of view. - ANSWER -real and perceived risks
The Five D's: - ANSWER -Death, Disability, Divorce, Distress, and
Disagreement
_______________________ can impact long-term growth and reduce
long-term value. - ANSWER -Cost cutting
Acquisitions on top of weak infrastructure can cause ______________. -
ANSWER -failure
pg. 4
CEPA EXAM AND STUDY GUIDE NEWEST 2025 TEST
BANK| COMPLETE 600 REAL EXAM QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) GRADED A+| CERTIFIED EXIT PLANNING
ADVISOR (CEPA) EXAM PREP 2025 (BRAND NEW!!)
What two workshops typically occur after the conclusion of a triggering
event? - ANSWER -Personal Envisioning workshop, and Business
Envisioning workshop.
What are 5 drivers of your personal vision? - ANSWER -1. Personal
Identity
2. Financial Security
3. Health Status
4. Family Responsibilities
5. Partner and Family situations
When it comes to developing personal goals, what does the acronym
S.T.E.P. stand for? - ANSWER -Spiritual, Things, Experiences, People
What is the hierarchy of action priorities? - ANSWER -De-risking
actions
Strategic actions
Actions to increase efficiency
pg. 1
,Page 2 of 112
Actions to impact growth
Culture development
What are 90 day sprints? - ANSWER -A continual loop is prioritizing,
executing, measuring, accountability, and recalibrating every 90 days.
What are the two most common types of transactions during a business
sale? - Asset Sale and Stock Sale
5 Stages of the Value Maturity Index - ANSWER -Identify, Protect,
Build, Harvest, and Manage Value
The 4 C's - ANSWER -Human, Structural, Customer, Social
Strategic Value factors you control - ANSWER -Predictable Cash Flow,
Clean Balance Sheet, Size Matters!
Strategic Value factors you control some of - ANSWER -Private capital
market conditions, Terms/Exit Option, Tangibles (value factors)
Traditional accounting systems are setup to provided regular feedback
on _____________________, yet your ________________________
are the direct drivers of business attractiveness. - ANSWER -tangible
assets, intangible assets
pg. 2
,Page 3 of 112
Value Acceleration measures the value of your
________________________. - ANSWER -intangible assets
Value Acceleration is a proven process that focuses on value growth and
aligning __________________, __________________, and
__________________ goals. - ANSWER -business, personal, and
financial
Value Acceleration is a proven process that focuses on
____________________ and aligning business, personal, and financial
goals. - ANSWER -value growth
Value is the primary long-term goal, not _______________. - ANSWER
-income
Value Acceleration is achieved by focusing on
______________________, which is based on the strength of your
intellectual capital (your intangible assets). - ANSWER -the multiple
Value Acceleration is achieved by focusing on the multiple, which is
based on the strength of your _______________________________. -
ANSWER -intellectual capital (your intangible assets)
There are five stages to creating a more valuable business: - ANSWER -
Identify, Protect, Build, Harvest, and Manage
pg. 3
, Page 4 of 112
___ to ____% of your net worth is locked up in your business. -
ANSWER -80 to 90%
You should have your business professionally valued at least
____________. - ANSWER -annually
________________________ is accomplished by creating and
implementing prioritized de-risking action plans. - ANSWER -
Protecting value
______________________ is the first step in building value. -
ANSWER -Protecting value
Valuations are based in part on the ________ and _________________
from a buyer's point of view. - ANSWER -real and perceived risks
The Five D's: - ANSWER -Death, Disability, Divorce, Distress, and
Disagreement
_______________________ can impact long-term growth and reduce
long-term value. - ANSWER -Cost cutting
Acquisitions on top of weak infrastructure can cause ______________. -
ANSWER -failure
pg. 4
