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PGA PGM 3.0 Level 1 Test questions with answers
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PGA PGM 3.0 Level 1 Test questions with answers
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PGA PGM 3.0 Level 1 Test questionswith answers
The |Process |for |developing |a |business |plan |starts |before |you |establish |the |goals |you |would
|like |to |achieve |for |the |shops |coming |year |- |correct |answers✔✔True
Who |should |provide |direction |for |creating |the |business |plan |at |a |Golf |Operation |- |correct
|answers✔✔Key |Stakeholders
According |to |the |business |planning |Model, |a |business |plan |should |build |on |and |refine |the
|operation |plan |- |correct |answers✔✔False
Long |- |Range |Planning |should |initially |assume |an |adversarial |relationship |between
|neighboring |facilities |that |directly |compete |with |each |other. |- |correct |answers✔✔True
What |is |the |usual |business |destination |for |long |range |planning? |- |correct |answers✔✔3-5
|years |Achieve |its |vision
what |is |the |most |significant |benefit |of |strategic |business |Planning. |- |correct
|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. |- |correct |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? |- |correct |answers✔✔Monitor |Performance
,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? |- |correct
|answers✔✔Current |state |of |the |business
The |SWOT |analysis |would |treat |opportunities |are |threats |as |factors |that |usually |can |be
|controlled |by |the |facility. |- |correct |answers✔✔False
The |Result |of |a |SWOT |analysis |could |be |sufficient |justification |for |the |abandonment |of |a
|core |business |function |- |correct |answers✔✔True
Staff |evaluation |are |a |relevant |data |source |for |a |SWOT |analysis |- |correct |answers✔✔True
How |might |revenues |be |affected |at |a |nearby |daily |fee |course |if |the |local |tire |plant |has |major
|layoffs |- |correct |answers✔✔Go |Down |(decrease)
Lack |of |a |mission |statement |is |an |example |of |a |weakness |that |a |SWOT |analysis |might
|disclose |- |correct |answers✔✔True
Trends |in |local |consumer |spending |would |be |most |useful |for |evaluating |a |core |business
|function |- |correct |answers✔✔True
What |should |govern |the |decision |to |pursue |an |opportunity? |- |correct |answers✔✔Finances |-
|Barriers |to |entry |- |recourses |- |opportunity |cost
Goals, |Objectives |& |strategies |- |correct |answers✔✔
,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. |- |correct |answers✔✔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. |- |correct |answers✔✔True
"Develop |and |promote |group |lesson |programs |aimed |at |a |women |and |Juniors" |is |an
|example |of |an |effective |business |objectives. |- |correct |answers✔✔False
What |Important |Characteristic |is |missing |in |the |business |Objectives. |"Increase |pro |shop
|sales |next |year?" |- |correct |answers✔✔Measurables; |How |are |you |going |to |measure
Which |Characteristics |of |goals |and |objectives |is |described |as |capable |of |being |observed,
|recorded, |and |measure. |- |correct |answers✔✔Quantifiable
What |is |functionally |significant |difference |between |goals |and |objectives? |- |correct
|answers✔✔goal |few |clearly |defined |targets |objectives |of |how |we |get |the |goal.
A |facilities |financial |objectives |could |achieved |through |operational |strategies |alone. |-
|correct |answers✔✔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" |According |to |the |business |plan |component |represented |by |this |statement? |- |correct
|answers✔✔.......
What |is |an |example |of |a |financial |Strategy? |- |correct |answers✔✔Borrowing |Money: |Debt:
|Reduce |operating |expense.
, What |would |be |the |most |appropriate |initial |response |to |a |facility |income |not |meeting
|projections. |- |correct |answers✔✔.......
Financial, |Forecast, |and |Budgets |- |correct |answers✔✔
Calculating |yield |involves |knowing |the |relationship |between |the |amount |utilized |and |the
|amount |available. |- |correct |answers✔✔True
Gross |Profit |is |what |remains |after |calculating |the |difference |between |revenue |and |cost |of
|goods |- |correct |answers✔✔True
Linear |trend |analysis |and |base |year |analysis |are |example |of |vertical |analysis |- |correct
|answers✔✔False
The |Divisor |in |the |linear |trend |formula |- |average |percentage |is |the |number |of |years |of
|change |being |measured. |- |correct |answers✔✔True
Conducting |a |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 |- |correct |answers✔✔True
Golf |Shop |sales |of |$100,000 |yield |gross |margin |of |$30,000, |What |is |the |percent |of |the |cost
|of |goods. |- |correct |answers✔✔30%
What |is |the |definition |of |"cost |of |goods |sold" |- |correct |answers✔✔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? |- |correct |answers✔✔60%
According |to |the |business |planning |course |manual, |what |is |usually |the |largest |contributor
|to |the |bottom |line |profit |of |the |facility |- |correct |answers✔✔Rounds
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