PGA PGM 30 Level 1 Test 447 Questions With Correct Answers
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Course
NU1426
Institution
NU1426
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...
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?
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?
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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