PGA PGM 3.0 Level 1 Test Bank E xam 2 026 -2027
COMPLETE QUESTIONS AND C ORR ECT
ANSWERS || VERIFIE D 100% A LR EA DY
GRADED A+ \BRAND NEW!!
Goals, Objectives & strategies
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.
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.
True
"Develop and promote group lesson programs aimed at a women and
Juniors" is an example of an effective business objectives.
False
,What Important Characteristic is missing in the business Objectives.
"Increase pro shop sales next year?"
Measurables; How are you going to measure
Which Characteristics of goals and objectives is described as capable of
being observed, recorded, and measure.
Quantifiable
What is functionally significant difference between goals and objectives?
goal few clearly defined targets objectives of how we get the goal.
A facilities financial objectives could achieved through operational
strategies alone.
False
What is an example of a financial Strategy?
Borrowing Money: Debt: Reduce operating expense.
Financial, Forecast, and Budgets
,Calculating yield involves knowing the relationship between the
amount utilized and the amount available.
True
Gross Profit is what remains after calculating the difference between
revenue and cost of goods
True
Linear trend analysis and base year analysis are example of vertical
analysis
False
The Divisor in the linear trend formula - average percentage is the
number of years of change being measured.
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
True
Golf Shop sales of $100,000 yield gross margin of $30,000, What is the
percent of the cost of goods.
30%
, What is the definition of "cost of goods sold"
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?
60%
According to the business planning course manual, what is usually the
largest contributor to the bottom line profit of the facility
Rounds
What is the formula for Merchandise Net Operating Income?
Revenue Generated - Operating Expense
What events would cause a change in the forecast for the golf shop
expense?
What metric should be part of every forecast regardless of the type of
the facility
A Vision defines the short - Term objectives that must be accomplished
in the upcoming year.
False
COMPLETE QUESTIONS AND C ORR ECT
ANSWERS || VERIFIE D 100% A LR EA DY
GRADED A+ \BRAND NEW!!
Goals, Objectives & strategies
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.
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.
True
"Develop and promote group lesson programs aimed at a women and
Juniors" is an example of an effective business objectives.
False
,What Important Characteristic is missing in the business Objectives.
"Increase pro shop sales next year?"
Measurables; How are you going to measure
Which Characteristics of goals and objectives is described as capable of
being observed, recorded, and measure.
Quantifiable
What is functionally significant difference between goals and objectives?
goal few clearly defined targets objectives of how we get the goal.
A facilities financial objectives could achieved through operational
strategies alone.
False
What is an example of a financial Strategy?
Borrowing Money: Debt: Reduce operating expense.
Financial, Forecast, and Budgets
,Calculating yield involves knowing the relationship between the
amount utilized and the amount available.
True
Gross Profit is what remains after calculating the difference between
revenue and cost of goods
True
Linear trend analysis and base year analysis are example of vertical
analysis
False
The Divisor in the linear trend formula - average percentage is the
number of years of change being measured.
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
True
Golf Shop sales of $100,000 yield gross margin of $30,000, What is the
percent of the cost of goods.
30%
, What is the definition of "cost of goods sold"
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?
60%
According to the business planning course manual, what is usually the
largest contributor to the bottom line profit of the facility
Rounds
What is the formula for Merchandise Net Operating Income?
Revenue Generated - Operating Expense
What events would cause a change in the forecast for the golf shop
expense?
What metric should be part of every forecast regardless of the type of
the facility
A Vision defines the short - Term objectives that must be accomplished
in the upcoming year.
False
