PGA PGM 3.0 Level 1 Test Questions With All
Correct 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 answer -
True
Who should provide direction for creating the business plan at a Golf
Operation correct answer -Key Stakeholders
According to the business planning Model, a business plan should build on and
refine the operation plan correct answer -False
Long - Range Planning should initially assume an adversarial relationship
between neighboring facilities that directly compete with each other.
correct answer -True
What is the usual business destination for long range planning? correct
answer -3-5 years Achieve its vision
what is the most significant benefit of strategic business Planning. correct
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. correct 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? correct 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? correct answer -Current state
of the business
The SWOT analysis would treat opportunities are threats as factors that
usually can be controlled by the facility. correct answer -False
The Result of a SWOT analysis could be sufficient justification for the
abandonment of a core business function correct answer -True
Staff evaluation are a relevant data source for a SWOT analysis correct
answer -True
How might revenues be affected at a nearby daily fee course if the local tire
plant has major layoffs correct answer -Go Down (decrease)
Lack of a mission statement is an example of a weakness that a SWOT analysis
might disclose correct answer -True
Trends in local consumer spending would be most useful for evaluating a core
business function correct answer -True
What should govern the decision to pursue an opportunity? correct answer
-Finances - Barriers to entry - recourses - opportunity cost
Goals, Objectives & strategies correct 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. correct 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. correct answer -True
"Develop and promote group lesson programs aimed at a women and Juniors"
is an example of an effective business objectives. correct answer -False
,What Important Characteristic is missing in the business Objectives. "Increase
pro shop sales next year?" correct answer -Measurables; How are you
going to measure
Which Characteristics of goals and objectives is described as capable of being
observed, recorded, and measure. correct answer -Quantifiable
What is functionally significant difference between goals and objectives?
correct answer -goal few clearly defined targets objectives of how we get the
goal.
A facilities financial objectives could achieved through operational strategies
alone. correct 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? correct answer -.......
What is an example of a financial Strategy? correct answer -Borrowing
Money: Debt: Reduce operating expense.
What would be the most appropriate initial response to a facility income not
meeting projections. correct answer -.......
Financial, Forecast, and Budgets correct answer -
Calculating yield involves knowing the relationship between the amount
utilized and the amount available. correct answer -True
Gross Profit is what remains after calculating the difference between revenue
and cost of goods correct answer -True
Linear trend analysis and base year analysis are example of vertical analysis
correct answer -False
The Divisor in the linear trend formula - average percentage is the number of
years of change being measured. correct answer -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 answer -True
Golf Shop sales of $100,000 yield gross margin of $30,000, What is the percent
of the cost of goods. correct answer -30%
What is the definition of "cost of goods sold" correct answer -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 answer -60%
According to the business planning course manual, what is usually the largest
contributor to the bottom line profit of the facility correct answer -Rounds
What is the formula for Merchandise Net Operating Income? correct answer
-Revenue Generated - Operating Expense
What events would cause a change in the forecast for the golf shop expense?
correct answer -
What metric should be part of every forecast regardless of the type of the
facility correct answer -
A Vision defines the short - Term objectives that must be accomplished in the
upcoming year. correct answer -False
A Facility profile defines the overall culture of the business correct answer
-True
The projected customer base of certain golf facilities located in the United
States could assume members drawn from international Markets. correct
answer -True
A yield Analysis is used to compile a facilities historical data on the number of
rounds played. correct answer -True
Correct 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 answer -
True
Who should provide direction for creating the business plan at a Golf
Operation correct answer -Key Stakeholders
According to the business planning Model, a business plan should build on and
refine the operation plan correct answer -False
Long - Range Planning should initially assume an adversarial relationship
between neighboring facilities that directly compete with each other.
correct answer -True
What is the usual business destination for long range planning? correct
answer -3-5 years Achieve its vision
what is the most significant benefit of strategic business Planning. correct
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. correct 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? correct 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? correct answer -Current state
of the business
The SWOT analysis would treat opportunities are threats as factors that
usually can be controlled by the facility. correct answer -False
The Result of a SWOT analysis could be sufficient justification for the
abandonment of a core business function correct answer -True
Staff evaluation are a relevant data source for a SWOT analysis correct
answer -True
How might revenues be affected at a nearby daily fee course if the local tire
plant has major layoffs correct answer -Go Down (decrease)
Lack of a mission statement is an example of a weakness that a SWOT analysis
might disclose correct answer -True
Trends in local consumer spending would be most useful for evaluating a core
business function correct answer -True
What should govern the decision to pursue an opportunity? correct answer
-Finances - Barriers to entry - recourses - opportunity cost
Goals, Objectives & strategies correct 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. correct 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. correct answer -True
"Develop and promote group lesson programs aimed at a women and Juniors"
is an example of an effective business objectives. correct answer -False
,What Important Characteristic is missing in the business Objectives. "Increase
pro shop sales next year?" correct answer -Measurables; How are you
going to measure
Which Characteristics of goals and objectives is described as capable of being
observed, recorded, and measure. correct answer -Quantifiable
What is functionally significant difference between goals and objectives?
correct answer -goal few clearly defined targets objectives of how we get the
goal.
A facilities financial objectives could achieved through operational strategies
alone. correct 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? correct answer -.......
What is an example of a financial Strategy? correct answer -Borrowing
Money: Debt: Reduce operating expense.
What would be the most appropriate initial response to a facility income not
meeting projections. correct answer -.......
Financial, Forecast, and Budgets correct answer -
Calculating yield involves knowing the relationship between the amount
utilized and the amount available. correct answer -True
Gross Profit is what remains after calculating the difference between revenue
and cost of goods correct answer -True
Linear trend analysis and base year analysis are example of vertical analysis
correct answer -False
The Divisor in the linear trend formula - average percentage is the number of
years of change being measured. correct answer -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 answer -True
Golf Shop sales of $100,000 yield gross margin of $30,000, What is the percent
of the cost of goods. correct answer -30%
What is the definition of "cost of goods sold" correct answer -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 answer -60%
According to the business planning course manual, what is usually the largest
contributor to the bottom line profit of the facility correct answer -Rounds
What is the formula for Merchandise Net Operating Income? correct answer
-Revenue Generated - Operating Expense
What events would cause a change in the forecast for the golf shop expense?
correct answer -
What metric should be part of every forecast regardless of the type of the
facility correct answer -
A Vision defines the short - Term objectives that must be accomplished in the
upcoming year. correct answer -False
A Facility profile defines the overall culture of the business correct answer
-True
The projected customer base of certain golf facilities located in the United
States could assume members drawn from international Markets. correct
answer -True
A yield Analysis is used to compile a facilities historical data on the number of
rounds played. correct answer -True
