Business Planning level 1 test pga pgm Exam
Questions And Answers. Updated And
Verified.
A mission statement should include the underlying financial model? True or False -
AnswerFalse
Is this an objective according to the textbook? Increase range profits by 20% by the next fiscal
year. True o...
Business Planning level 1 test pga pgm Exam
Questions And Answers. Updated And
Verified.
A mission statement should include the underlying financial model? True or False -
Answer✔False
Is this an objective according to the textbook? Increase range profits by 20% by the next fiscal
year. True or False - Answer✔True
The gross profit is equal to revenue minus the cost of goods sold. True or False - Answer✔False
If facility income fails to meet expectations what should you do? - Answer✔Increase rounds
through promotion
A vision is related to meeting a short-term objective. True or False - Answer✔False
Facility hires a new golf pro with merchandising expertise and great selling tactics but is paying
him a higher salary than the pro before him. What was the primary appraisal the facility made
before the decision was made? - Answer✔Higher revenue will help combat the higher
expenses.
What is the baseline reason for analyzing Variances? - Answer✔Monitor Performance
What method do managers use to increase the knowledge of financial performance and
controls? - Answer✔Spot Audit
What performance metric contributes most to the financial bottom line? - Answer✔Rounds
Played
The formula for net operating income - Answer✔Revenues-(COGS+Operating Expense)
The utility of your day to day budget is managed by your ability to manage internal factors. True
or False? - Answer✔True
An example of qualitative data would be? - Answer✔Feedback about the pace of play
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