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PGA PGM 3.0 LEVEL 1 TEST EXAM (ACTUAL EXAM) WITH QUESTIONS WITH VERY ELABORATED ANSWERS CORRECTRY WELL ORGANIZED LATEST 2024 – 2025 ALREADY GRADED A+ $12.99
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PGA PGM 3.0 LEVEL 1 TEST EXAM (ACTUAL
EXAM) WITH QUESTIONS WITH VERY
ELABORATED ANSWERS CORRECTRY WELL
ORGANIZED LATEST 2024 – 2025 ALREADY
GRADED A+
When are pre-owned cars a viable option when leasing or purchasing a fleet? -
ANSWERS-to temporarily increase size of fleet for seasonal/event specific needs
The price of a fleet will vary according to what factor? - ANSWERS-market
competition; type of equipment; freight charges; taxes; preparation charges; fleet
size
Higher price models may cost less in the long run due to lower maintenance and
operating costs. - ANSWERS-true
Fleet Finances - ANSWERS-
,A golf car rental program will often produce a larger margin of profit than any of
the facility's other income generating operations - ANSWERS-true-either first or
second source of income in point of sale
Mission statements can influence assumptions used to calculate profitability
forecasts. - ANSWERS-true
You plan to lease a new fleet of 60 gas-powered golf cars. Your facility averages
about 35,000 rounds of play annually. Based on the facility's history, you estimate
about 25 percent of the rounds will be played by customers who rent a golf car.
What else do you need to know to estimate gross revenue from the fleet
concession? - ANSWERS-rental fee per car
(rental fee per car) x (number of round per car) x (num. of cars in fleet)= est. gross
revenue
Your facility wants to purchase new golf cars. A member of the club's board of
directors has recommended an expensive model. What is the best way to decide
whether the facility can afford to acquire that model? - ANSWERS-acquisition
costs; operating expenses; other costs
Long - Range Planning should initially assume an adversarial relationship between
neighboring facilities that directly compete with each other. - ANSWERS-True
,What is the usual business destination for long range planning? - ANSWERS-3-5
years Achieve its vision
what is the most significant benefit of strategic business Planning. - ANSWERS-
Provide a long term vision & Destination
Helping Establish a starting point for goals, Objectives, and related strategies is an
appropriate use of a SWOT analysis. - ANSWERS-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
analyzed and important inside and outside factors have been identified. What is
the next step to be taken towards completing the plan? - ANSWERS-Monitor
Performance
The Process for developing a business plan starts before you establish the goals
you would like to achieve for the shops coming year - ANSWERS-True
Who should provide direction for creating the business plan at a Golf Operation -
ANSWERS-Key Stakeholders
According to the business planning Model, a business plan should build on and
refine the operation plan - ANSWERS-False
, 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? - ANSWERS-Current state of the business
The SWOT analysis would treat opportunities are threats as factors that usually
can be controlled by the facility. - ANSWERS-False
The Result of a SWOT analysis could be sufficient justification for the
abandonment of a core business function - ANSWERS-True
Staff evaluation are a relevant data source for a SWOT analysis - ANSWERS-True
How might revenues be affected at a nearby daily fee course if the local tire plant
has major layoffs - ANSWERS-Go Down (decrease)
Lack of a mission statement is an example of a weakness that a SWOT analysis
might disclose - ANSWERS-True
Trends in local consumer spending would be most useful for evaluating a core
business function - ANSWERS-True
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