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PGA PGM 3.0 Level 1 Test Questions And 100% Correct Answers
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PGA PGM 3.0 Level 1 Test Questions And 100%Correct Answers 2024-2025
The Process for developing a business plan starts before you establish the goals you
would like to achieve for the shops coming year - Answer True
Who should provide direction for creating the business plan at a Golf Operation -
Answer Key Stakeholders
According to the business planning Model, a business plan should build on and refine
the operation plan - Answer False
Long - Range Planning should initially assume an adversarial relationship between
neighboring facilities that directly compete with each other. - True
What is the usual business destination for long range planning? - 3-5 years Achieve its
vision
what is the most significant benefit of strategic business Planning. - Provide a long term
vision & Destination
Setting a base from which goals and objectives, along with subsequent strategies, can
be determined is an appropriate use of a SWOT analysis. -Answer True
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 analysed and important
inside and outside factors have been identified. What would be the next step to be taken
towards completing the plan? - Answer Monitor Performance
,A Golf Professional is purchasing a golf course. His business plan submitted to his
banker was based on his history of successfully operating similar facilities, budget
projections for the first five years under his management, and objectives and strategies
for reaching his goals. His application was rejected for lack of information. What is the
major missing element in this business plan? - Answer Current status of the business
The SWOT would consider opportunities are threats as factors that usually can be
controlled by the facility. - Answer False
The Result of a SWOT analysis could be sufficient justification for the abandonment of a
core business function - Answer True
Staff evaluation are a relevant data source for a SWOT analysis - Answer True
How might revenues be affected at a local daily fee course if the local tire plant has
significant layoffs - Go Down-decrease
Lack of a mission statement is an example of a weakness that a SWOT analysis might
identify - True
Trends in local consumer spending would be most useful to assess a core business
function -True
What should be the driver for pursuing a business opportunity? Finances - Barriers to
entry - resources - opportunity cost
Goals, Objectives & strategies - Question
Consider the following the statement as part of the a business plan: "improve range
profits and customer satisfaction." Based on the business planning course this
statement is what type of statement? - Answer True
,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. - Answer True
"Develop and promote group lesson programs aimed at a women and Juniors" is an
example of an effective business objectives. - Answer False
What Important Characteristic is missing in the business Objectives. "Increase pro shop
sales next year?" - Answer Measurables; How are you going to measure
Which Characteristics of goals and objectives is described as capable of being
observed, recorded, and measure. - Answer Quantifiable
What is the functionally significant difference between goals and objectives? -Answer:
The goal represents a few clearly defined targets, objectives state how to get the goal.
A facilities financial objectives could be achieved through operational strategies alone.
-Answer: False
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" Which of the following business plan component is represented by this
statement? - Answer .
What is an example of a financial Strategy? - Answer Borrowing Money: Debt: Reduce
operating expense.
What would be the most appropriate initial response to a facility income not meeting
projections. - Answer .
Financial, Forecast, and Budgets - Answer
, Calculating yield involves knowing the relationship between the amount utilized and the
amount available. - Answer True
Gross Profit is what remains after calculating the difference between revenue and cost
of goods - Answer True
Example of vertical analysis includes linear trend analysis and base year analysis -
Answer False
The Divisor in the linear trend formula - average percentage is the number of years of
change being measured. - Answer True
Base year analysis is a good choice for a facility that has just completed a project that
added nine new holes to the original 9 - hole course - Answer True
Sales of $100,000 in the Golf Shop yields gross margin of $30,000, What is the percent of
the cost of goods. - Answer 30%
What is the definition of "cost of goods sold" - Answer Cost used to by stock
If the gross target margin for your golf shop were about 40%, what would be the target
% for your cost of goods sold? - Answer 60%
Based on the business planning course manual, what is typically the largest contributor
to the bottom line profit of the facility - Answer Rounds
What is the Merchandise Net Operating Income formula - Answer Revenue Generated -
Operating Expense
What events would change the forecast for the golf shop expense? - Answer
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