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
strate- gies 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 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 op-
erating 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
16.What should govern the decision to pursue an opportunity?
ANS Finances - Barriers to entry - recourses - opportunity cost
17. Goals, Objectives & strategies
ANS
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