EXAM PREP FINAL PRACTICE SET 2026
SOLVED FULLY CORRECT
⫸ Who should provide direction for creating the business plan at a Golf
Operation Answer: Key Stakeholders
⫸ According to the business planning Model, a business plan should
build on and refine the operation plan Answer: False
⫸ Long - Range Planning should initially assume an adversarial
relationship between neighboring facilities that directly compete with
each other. Answer: True
⫸ What is the usual business destination for long range planning?
Answer: 3-5 years Achieve its vision
⫸ what is the most significant benefit of strategic business Planning.
Answer: 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. Answer: 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? Answer: 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?
Answer: Current state of the business
⫸ The SWOT analysis would treat opportunities are threats as factors
that usually can be controlled by the facility. Answer: False
⫸ The Result of a SWOT analysis could be sufficient justification for
the abandonment of a core business function Answer: True
⫸ Staff evaluation are a relevant data source for a SWOT analysis
Answer: True
⫸ How might revenues be affected at a nearby daily fee course if the
local tire plant has major layoffs Answer: Go Down (decrease)
⫸ Lack of a mission statement is an example of a weakness that a
SWOT analysis might disclose Answer: True
,⫸ Trends in local consumer spending would be most useful for
evaluating a core business function Answer: True
⫸ What should govern the decision to pursue an opportunity? Answer:
Finances - Barriers to entry - recourses - opportunity cost
⫸ Goals, Objectives & strategies Answer:
⫸ 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.
Answer: 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. Answer: True
⫸ "Develop and promote group lesson programs aimed at a women and
Juniors" is an example of an effective business objectives. Answer:
False
⫸ What Important Characteristic is missing in the business Objectives.
"Increase pro shop sales next year?" Answer: Measurables; How are you
going to measure
, ⫸ Which Characteristics of goals and objectives is described as capable
of being observed, recorded, and measure. Answer: Quantifiable
⫸ What is functionally significant difference between goals and
objectives? Answer: goal few clearly defined targets objectives of how
we get the goal.
⫸ A facilities financial objectives could achieved through operational
strategies alone. Answer: 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? Answer: .......
⫸ What is an example of a financial Strategy? Answer: Borrowing
Money: Debt: Reduce operating expense.
⫸ What would be the most appropriate initial response to a facility
income not meeting projections. Answer: .......
⫸ Financial, Forecast, and Budgets Answer:
⫸ Calculating yield involves knowing the relationship between the
amount utilized and the amount available. Answer: True