Exam (elaborations)
CEPA Term - Session 1 Questions and Answers
- Course
- Institution
CEPA Term - Session 1 Questions and Answers
[Show more]
Seller
Follow
Content preview
CEPA Term - Session 1 Questions and AnswersWhat is the definition of Value Acceleration? Correct Ans-A proven process that focuses on
value growth and aligning business, personal, and financial goals.
What 6 things does Value Acceleration do? Correct Ans-• Integrates the three legs into one
Master Plan
• Is grounded in ACTION
• Promotes use of teams in an engaging process
• Creates a roadmap to success
• Provides owner key deliverables & metrics • Creates a Leap in Value
What are the three gates of Value Acceleration Methodology? Correct Ans-Discover,
Prepare, Decide
What is a Deliverable? Correct Ans-• An outcome produced by an action.
• A report, meeting, workshop, event that represents the conclusion of an assignment, step,
stage, task or action.
• It represents what the client is paying for.
• It is important that the deliverable leads the client to the next stage of work.
•Therefore, it should recommend the next stage, steps, action that the client should take, the
resources needed, and tee up your next assignment.
, CEPA Term - Session 1 Questions and Answers
What are "90-DAY SPRINTS" Correct Ans-A continual loop of prioritizing, executing,
measuring, reconnecting, and recalibrating every 90 days.
What is a Triggering Event? Correct Ans-An independent personal, financial, and business
assessment correlated to business range of value.
What are the 4 areas of Wealth Management? Correct Ans-Retirement Planning, Portfolio
Management, Risk Management, Estate Planning
What is a Wealth Gap? Correct Ans-The difference between our net worth and desired
goal.
What is the "rule of 4" when it comes to determining a Wealth Gap? Correct Ans-
Whatever the balance of an account is, we can take 4% per year and that account will last us
the rest of our lives. If I had $10M with a 4% return, that gives me income of $400K per year.
What is a buy-sell agreement? Correct Ans-A buy and sell agreement controls the
reassignment of a share of a business in the event that a partner dies or retires. A buy-sell
agreement provides for the stability and continuity of a closely held business and is a crucial
part of a business owner's overall succession and estate plan.
The typical business owner has ____% of their net worth tied up within their business.
Correct Ans-80%
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller TheeGrades. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77764 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now