NACVA CVA Exam - Topic 5 Question 32 Discussion

Actual exam question for NACVA's CVA exam

Question #: 32
Topic #: 5

The advantages of having a formal, independent outside appraisal, kept current with periodic updates are many. From a business planning perspective, the typical strong (management/ownership relationship) in a closely held business often requires a valuation study in order to support:

AVarious ownership strategies

BBusiness directions and investments alternatives

CProfessionally prepared approvals

DAcceptable valuation philosophy

Show Suggested Answer

Suggested Answer: A, B

by Dottie at May 04, 2022, 07:15 PM

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Andree

6 months ago

Surprised this isn’t more common in small businesses!

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Maryln

6 months ago

Periodic updates keep the valuation relevant, for sure.

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Odelia

6 months ago

I’m not so sure, can’t you just use past performance instead?

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Gilberto

6 months ago

Totally agree, it’s essential for business planning!

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Raina

7 months ago

A formal appraisal helps with ownership strategies.

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Timothy

7 months ago

I feel like acceptable valuation philosophy was mentioned in our readings, but it seems less directly related to the business planning perspective compared to the other options.

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Belen

7 months ago

I practiced a question similar to this, and I think professionally prepared approvals could be important, but I'm leaning towards ownership strategies as the main focus.

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Pok

7 months ago

I'm not entirely sure, but I think business directions and investment alternatives might be a key reason for needing a valuation study too.

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Kenneth

7 months ago

I remember discussing how a valuation study can really help with ownership strategies, especially in closely held businesses.

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Gary

7 months ago

I feel pretty confident about this one. The question is clearly asking about configuring the infrastructure to support the ClearPass network scans, so option B with the device fingerprinting profiles on the switches seems like the way to go.

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Elroy

7 months ago

I feel pretty good about this one. Based on the details provided, option A with the IR1101 hardware and Cyber Vision software seems like the most complete cybersecurity solution for the given scenario.

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Jesus

7 months ago

I think the answer is B - change requests tend to increase towards the beginning of the project when requirements are still being defined and the scope is not fully locked down.

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Leslie

7 months ago

I think this might be a forward chaining procedure since they trained all steps before introducing prompts.

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Eun

7 months ago

This is a tricky one. I'll need to think through the different options carefully to determine the best approach.

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