Correct Answers 2025
You ,are ,in ,the ,process ,of ,completing ,a ,business ,plan ,for ,the ,golf ,shop. ,Initial
,forecasts ,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-Make
,assumptions ,about ,how ,inside ,and ,outside ,factors ,will ,affect ,the ,business.
Jason ,Du ,Pre ,is ,purchasing ,the ,Fallen ,Oaks ,Golf ,Course. ,The ,business ,plan ,he
,presented ,to ,his ,banker ,included ,his ,history ,of ,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 ,his ,loan ,application ,because ,of
,missing ,information.
What ,important ,element ,is ,missing ,from ,Du ,Pre's ,business ,plan? ,- ,CORRECT
,ANSWER-Proposed ,mission ,statement
The ,process ,for ,developing ,a ,business ,plan ,starts ,before ,you ,establish ,the ,goals ,you
,would ,like ,to ,achieve ,for ,the ,shop's ,coming ,year. ,(T/F) ,- ,CORRECT ,ANSWER-True
A ,vision ,defines ,the ,short-term ,objectives ,that ,must ,be ,accomplished ,in ,the ,upcoming
,year. ,(T/F) ,- ,CORRECT ,ANSWER-False
What ,is ,the ,process ,called ,when ,the ,manager ,reviews ,total ,rounds ,to ,determine ,who
,is ,playing ,and ,when? ,- ,CORRECT ,ANSWER-Yield ,analysis
Mission ,statements ,should ,include ,a ,definition ,of ,the ,facility's ,underlying ,financial
,model. ,(T/F) ,- ,CORRECT ,ANSWER-False
The ,utility ,of ,your ,business ,plan ,for ,managing ,day-to-day ,operations ,in ,a ,golf ,shop
,depends ,on ,your ,ability ,to ,manage ,internal ,factors. ,(T/F) ,- ,CORRECT ,ANSWER-True
What ,should ,govern ,the ,decision ,to ,pursue ,an ,opportunity? ,- ,CORRECT ,ANSWER-
Meets ,organizational ,goals ,and ,objectives
Which ,of ,the ,following ,is ,an ,example ,of ,a ,weakness ,that ,a ,SWOT ,analysis ,might
,disclose? ,- ,CORRECT ,ANSWER-No ,mission ,statement
,The ,interpretation ,of ,quantitative ,data ,is ,less ,susceptible ,to ,differences ,of ,opinion
,than ,qualitative ,data. ,(T/F) ,- ,CORRECT ,ANSWER-True
Which ,of ,the ,following ,is ,an ,example ,of ,qualitative ,data? ,- ,CORRECT ,ANSWER-
Feedback ,about ,pace ,of ,play
Which ,of ,the ,following ,would ,be ,considered ,internal ,data ,for ,planning ,purposes? ,-
,CORRECT ,ANSWER-Prior ,year's ,budget
Consider ,the ,following ,statement ,as ,part ,of ,a ,business ,plan: ,"Increase ,range ,profits
,by ,20% ,by ,the ,end ,of ,the ,next ,fiscal ,year." ,According ,to ,the ,Business ,Planning
,course, ,this ,statement ,would ,best ,be ,classified ,as ,an ,objective. ,(T/F) ,- ,CORRECT
,ANSWER-True
Which ,characteristic ,of ,goals ,and ,objectives ,is ,described ,as ,capable ,of ,being
,observed, ,recorded, ,and ,measured? ,- ,CORRECT ,ANSWER-Specific
Which ,of ,the ,following ,would ,be ,considered ,a ,complete ,objective? ,- ,CORRECT
,ANSWER-Increase ,rounds ,by ,10% ,in ,the ,next ,year
Which ,action ,would ,be ,the ,most ,appropriate ,facility ,response ,when ,income ,fails ,to
,meet ,expectations? ,- ,CORRECT ,ANSWER-Increase ,the ,number ,of ,rounds ,through
,better ,promotions
The ,following ,agenda ,was ,part ,of ,a ,golf ,range ,business ,plan: ,"Purchase ,250 ,dozen
,new ,range ,balls ,and ,rotate ,usage ,three ,times ,a ,year. ,Who: ,Head ,Professional.
,When: ,By ,February ,15. ,Cost: ,$2100." ,According ,to ,the ,Business ,planning ,course,
,which ,of ,the ,following ,describes ,the ,business ,plan ,component ,represented ,by ,this
,statement? ,- ,CORRECT ,ANSWER-Strategy
Assumptions ,are ,necessary ,for ,forecasting ,numbers. ,(T/F) ,- ,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. ,(T/F) ,-
,CORRECT ,ANSWER-True
Sales ,staff ,labor ,is ,included ,in ,the ,cost ,of ,goods. ,(T/F) ,- ,CORRECT ,ANSWER-False
Which ,of ,the ,following ,is ,one ,of ,the ,techniques ,is ,used ,to ,validate ,assumptions? ,-
,CORRECT ,ANSWER-Expert ,review
Which ,of ,the ,following ,events ,would ,cause ,a ,change ,in ,the ,forecast ,for ,golf ,shop
,expenses? ,- ,CORRECT ,ANSWER-Increase ,in ,utility ,rates
, What ,is ,the ,formula ,for ,Merchandise ,Net ,Operating ,Income? ,- ,CORRECT ,ANSWER-
Revenue ,- ,(Cost ,of ,Goods ,+ ,Operating ,Expenses)
What ,information ,should ,form ,the ,basis ,of ,a ,golf ,shop's ,12-month ,budget? ,-
,CORRECT ,ANSWER-Forecasts ,and ,assumptions ,in ,the ,business ,plan
A ,long-term ,golf ,shop ,employee ,is ,being ,replaced ,by ,an ,assistant ,who ,will ,receive
,higher ,compensation. ,Which ,would ,be ,the ,most ,reasonable ,assumption ,given ,this
,situation? ,- ,CORRECT ,ANSWER-Increased ,sales ,will ,offset ,higher ,expenses.
A ,cash ,flow ,budget ,is ,primarily ,concerned ,with ,what ,measure? ,- ,CORRECT
,ANSWER-Money ,on ,hand ,at ,the ,end ,of ,the ,period
Consider ,the ,following ,table. ,Based ,on ,trend ,analysis, ,what ,forecast ,would ,be ,made
,on ,the ,number ,of ,weekend ,rounds ,that ,will ,be ,played ,in ,year ,five?
YEAR: ,WEEKEND ,ROUNDS:
1 ,15,000
2 ,13,900
3 ,15,800
4 ,16,400
5 ,? ,- ,CORRECT ,ANSWER-They ,will ,increase.
What ,method ,do ,managers ,use ,to ,increase ,their ,knowledge ,of ,financial ,performance
,and ,controls? ,- ,CORRECT ,ANSWER-Spot ,audits
What ,is ,the ,baseline ,reason ,for ,analyzing ,variances? ,- ,CORRECT ,ANSWER-Monitor
,performance
Which ,of ,the ,following ,is ,an ,example ,of ,a ,performance ,metric? ,- ,CORRECT
,ANSWER-Number ,of ,rounds
Responsible, ,involved, ,and ,helped ,are ,effective ,action ,words ,to ,create ,a ,power
,statement. ,(T/F) ,- ,CORRECT ,ANSWER-False
Which ,of ,the ,following ,is ,part ,of ,the ,Explore ,stage ,in ,the ,Career ,Planning ,Process? ,-
,CORRECT ,ANSWER-Understanding ,the ,scope ,of ,the ,industry
Which ,of ,the ,following ,is ,a ,core ,skill? ,- ,CORRECT ,ANSWER-Customer ,Service
A ,career ,lattice ,characterizes ,an ,upward ,career ,progression. ,(T/F) ,- ,CORRECT
,ANSWER-False
According ,to ,the ,Career ,Enhancement ,Manual, ,a ,resume ,should ,begin ,with ,listing
,education ,first ,followed ,by ,work ,experience. ,(T/F) ,- ,CORRECT ,ANSWER-False