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PGA PGM 30 Level 1 Test 447 Questions With Correct Answers $14.99   Add to cart

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PGA PGM 30 Level 1 Test 447 Questions With Correct Answers

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PGA PGM 3.0 Level 1 Test |447 Questions| With Correct Answers. The Process for developing a business plan starts before you establish the goals you would like to achieve for the shops coming year Who should provide direction for creating the business plan at a Golf Operation According to the bus...

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  • March 12, 2024
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PGA PGM 3.0 Level 1 Test |447 Questions| With
Correct Answers.

1). The process for developing a business plan starts before you establish the goals you
would like to achieve for the shops coming year

 Ans: True


2). Who should provide direction for creating the business plan at a golf operation

 Ans: Key Stakeholders


3). According to the business planning model, a business plan should build on and refine the
operation plan

 Ans: False


4). Long - range planning should initially assume an adversarial relationship between
neighboring facilities that directly compete with each other.

 Ans: True


5). What is the usual business destination for long range planning?

 Ans: 3-5 years Achieve its vision


6). What is the most significant benefit of strategic business planning.

 Ans: Provide a long term vision & Destination


7). Helping establish a starting point for goals, objectives, and related strategies is an
appropriate use of a swot analysis.

 Ans: True


8). You are in the process of completing a business plan for the golf shop. initial forecast of
sales, expenses, and profit have been made. past data has been analyzed and important



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, inside and outside factors have been identified. what is the next step to be taken towards
completing the plan?

 Ans: Monitor Performance


9). A golf professional is purchasing a golf course. the business plan he presented to his
banker included his history of operating successfully operating similar facilities, budget
projections for the first five years under his management, and objectives and strategies for
reaching his goals. the banker rejected the loan application because of missing
information. what important element is missing from the business plan?

 Ans: Current state of the business


10). The swot analysis would treat opportunities are threats as factors that usually can be
controlled by the facility.

 Ans: False


11). The result of a swot analysis could be sufficient justification for the abandonment of a
core business function

 Ans: True


12). Staff evaluation are a relevant data source for a swot analysis

 Ans: True


13). How might revenues be affected at a nearby daily fee course if the local tire plant has
major layoffs

 Ans: Go Down (decrease)


14). Lack of a mission statement is an example of a weakness that a swot analysis might
disclose

 Ans: True


15). Trends in local consumer spending would be most useful for evaluating a core business
function

 Ans: True




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, 16). What should govern the decision to pursue an opportunity?

 Ans: Finances - Barriers to entry - recourses - opportunity cost


17). Goals, objectives & strategies

 Ans:


18). Consider the following the statement as part of the a business plan: "improve range profits
and customer satisfaction." according to the business planning course, this statement is
an example of an objective.

 Ans: True


19). The new manager of a ten - year - old private course currently doing an average of 5, 000
tournament rounds per year, proposes to increase tournament rounds by 50% by the end of
the next year. this proposal meets the criteria for an effective business objective as
presented in the business planning course manual.

 Ans: True


20). "develop and promote group lesson programs aimed at a women and juniors" is an
example of an effective business objectives.

 Ans: False


21). What important characteristic is missing in the business objectives. "increase pro shop
sales next year?"

 Ans: Measurables; How are you going to measure


22). Which characteristics of goals and objectives is described as capable of being observed,
recorded, and measure.

 Ans: Quantifiable


23). What is functionally significant difference between goals and objectives?

 Ans: goal few clearly defined targets objectives of how we get the goal.


24). A facilities financial objectives could achieved through operational strategies alone.


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,  Ans: False


25). The following agenda was part of a golf range business plan."175 dozen range balls and
rotate usage three times a year. who: head professional. when: end of first quarter. cost:
$1500" according to the business plan component represented by this statement?

 Ans: .......


26). What is an example of a financial strategy?

 Ans: Borrowing Money: Debt: Reduce operating expense.


27). What would be the most appropriate initial response to a facility income not meeting
projections.

 Ans: .......


28). Financial, forecast, and budgets

 Ans:


29). Calculating yield involves knowing the relationship between the amount utilized and the
amount available.

 Ans: True


30). Gross profit is what remains after calculating the difference between revenue and cost of
goods

 Ans: True


31). Linear trend analysis and base year analysis are example of vertical analysis

 Ans: False


32). The divisor in the linear trend formula - average percentage is the number of years of
change being measured.

 Ans: True




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