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PGA PGM 3.0 Level 1 Test 447 Questions with 100% Correct verified Answers
PGA PGM 3.0 Level 1 Test 447 Questions with 100% Correct verified Answers
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PGA PGM 3.0 Level 1 Test 447 Questions with 100% Correct verified 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 --correct answer -- True 2. Who should provide direc tion for creating the business plan at a Golf Operation --correct answer -- Key Stakeholders 3. According to the business planning Model, a business plan should build on and refine the operation plan --correct answer -- False 4. Long - Range Planning should initiall y assume an adversarial relationship between neighboring facilities that directly compete with each other. --correct answer -- True 5. What is the usual business destination for long range planning? --correct answer -- 3-5 years Achieve its vision 6. what is the mos t significant benefit of strategic business Planning. --
correct answer -- 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. --correct answer -- 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? -
-correct answer -- 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? -
-correct an swer -- Current state of the business 10. The SWOT analysis would treat opportunities are threats as factors that usually can be controlled by the facility. --correct answer -- False 11. The Result of a SWOT analysis could be sufficient justification for the abandonm ent of a core business function --correct answer -- True 12. Staff evaluation are a relevant data source for a SWOT analysis --
correct answer -- True 13. How might revenues be affected at a nearby daily fee course if the local tire plant has major layoffs --correct ans wer -- Go Down (decrease) 14. Lack of a mission statement is an example of a weakness that a SWOT analysis might disclose --correct answer -- True 15. Trends in local consumer spending would be most useful for evaluating a core business function --correct answer -- True 16. What should govern the decision to pursue an opportunity? --
correct answer -- Finances - Barriers to entry - recourses - opportunity cost 17. Goals, Objectives & strategies --correct answer -- 18. Consider the following the statement as part of the a business plan --
correct answer -- "improve range profits and customer satisfaction." According to the business planning course, this statement is an example of an objective. --correct answer -- True 19. The new manager of a ten - year - old private course currently doing an av- erage 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. --correct answer -- True 20. "Develop and promote group lesson programs aimed at a women and Juniors" is an example of an effective business objectives. --correct answer -- False 21. What Important Characteristic is missing in the business Objectives. "In- crease pro shop sales next year?" --correct answer -- Measurables; How are you going to measure 22. Which Characteristics of goals and objectives is described as capable of being observed, recorded, and measure. --correct answer -- Quantifiable 23. What is functionally significant difference between goals and objectives? - --correct answer -- goal few clearly defined targets objectives of how we get the goal. 24. A facilities financial objectives could achieved through operational strate - gies alone. --correct answer -- False 25. The Following agenda was p art of a golf range business plan."175 dozen range balls and rotate usage three times a year. Who --correct answer -- Head Professional. When --correct answer -- End of First Quarter. Cost --correct answer -- $1500" According to the business plan component repre sented by this statement? --correct answer -- ....... 26. What is an example of a financial Strategy? --correct answer -- Borrowing Money --correct answer -- Debt --correct answer -- Reduce operating expense. 27. What would be the most appropriate initial response to a facility income not meeting projections. --correct answer -- ....... 28. Financial, Forecast, and Budgets --correct answer -- 29. Calculating yield involves knowing the relationship between the amount utilized and the amount available. --correct answer -- True 30. Gross Profi t is what remains after calculating the difference between rev- enue and cost of goods --correct answer -- True 31. Linear trend analysis and base year analysis are example of vertical analy - sis--correct answer -- False
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