PGA 3.0 Level 2 Test Questions and
Answers Graded A+
A higher inventory turnover rate usually means a higher GMROI - ANSWER-true
a yield management report shows the number of rounds played and the revenue
generated by those rounds - ANSWER-false
Adopting a perpetual book inventory system replaces the need to conduct physical
inventory counts - ANSWER-false
After executing a motor skill, a player will evaluate the skill movements by comparing
the results of the performance to his or her expectations for it - ANSWER-true
Augmented feedback given immediately after the skill performance is considered
positive reinforcement if the teacher perceives the feedback as rewarding - ANSWER-
true
Augmented feedback that functions as positive or negative reinforcement can have the
same result - ANSWER-true
COGS plus gross margin = Final Retail Price - ANSWER-True
Demand-based pricing can be employed to change the demand curve for the use of
perishable tee times - ANSWER-true
Feedback functions as negative reinforcement when it strengthens undesirable behavior
- ANSWER-true
From a functional perspective, a vendor is what kind of resource? - ANSWER-financial
resource
Gross margin the difference between total sales and the COGS - ANSWER-true
High-performance profiling is a tool that can be used to communicate a uniform set of
facility-wide expectations for all employees - ANSWER-true
How can facilities foster a positive culture? - ANSWER-open communication and
discussion
How often should a physical inventory be conducted? - ANSWER-monthly or quarterly
If a shirt costs $30 and the markup % for the shirt is 50%, what would be the potential
gross margin return on investment? - ANSWER-$15.00
, If an item sells at the targeted markup, markup % and gross margin % will be the same
- ANSWER-false
If the planned markup is 15%, what would be the price of a shirt that costs the shop $30
if the MIll River Plan is used? - ANSWER-$34.50
If the wholesale price of a sand wedge is $70, the retail is $125, and final sales price is
$105, what is the gross margin percentage? - ANSWER-50%
If your average inventory value is $37,000 and your annual cost of goods sold is
$114,000, what is the turnover rate? - ANSWER-3.1
In an open-to-buy plan, the sales estimates and the cost of goods estimates come from
what other business management tool? - ANSWER-historical data, trends, etc
Instructors should avoid giving positive feedback when using negative feedback as
punishment - ANSWER-false
Inventory should arrive one to two months prior to the anticipation of sales - ANSWER-
true
Knowing the previous year's sales volume is sufficient to accurately forecast sales -
ANSWER-true
Knowledge feedback will influence the direction of a student efforts but is unable to
influence the students arousal and motivation level - ANSWER-false
Managing by walking around is the most effective when organizational protocols are
observed, such as, limiting conversation to their direct reports - ANSWER-false
Negative augmented feedback can function as either negative reinforcement or
punishment - ANSWER-true
One of the main benefits of the interpersonal management approach to monitoring
performance is to ensure policies and procedures are being followed - ANSWER-true
Pace of play policies are an effective means for controlling the demand curve for the
use of perishable tee times - ANSWER-true
Perpetual book inventory can determine both merchandise on hand and merchandise
sold - ANSWER-true
Physical unit tracking can determine both merchandise on hand and sold - ANSWER-
true
Answers Graded A+
A higher inventory turnover rate usually means a higher GMROI - ANSWER-true
a yield management report shows the number of rounds played and the revenue
generated by those rounds - ANSWER-false
Adopting a perpetual book inventory system replaces the need to conduct physical
inventory counts - ANSWER-false
After executing a motor skill, a player will evaluate the skill movements by comparing
the results of the performance to his or her expectations for it - ANSWER-true
Augmented feedback given immediately after the skill performance is considered
positive reinforcement if the teacher perceives the feedback as rewarding - ANSWER-
true
Augmented feedback that functions as positive or negative reinforcement can have the
same result - ANSWER-true
COGS plus gross margin = Final Retail Price - ANSWER-True
Demand-based pricing can be employed to change the demand curve for the use of
perishable tee times - ANSWER-true
Feedback functions as negative reinforcement when it strengthens undesirable behavior
- ANSWER-true
From a functional perspective, a vendor is what kind of resource? - ANSWER-financial
resource
Gross margin the difference between total sales and the COGS - ANSWER-true
High-performance profiling is a tool that can be used to communicate a uniform set of
facility-wide expectations for all employees - ANSWER-true
How can facilities foster a positive culture? - ANSWER-open communication and
discussion
How often should a physical inventory be conducted? - ANSWER-monthly or quarterly
If a shirt costs $30 and the markup % for the shirt is 50%, what would be the potential
gross margin return on investment? - ANSWER-$15.00
, If an item sells at the targeted markup, markup % and gross margin % will be the same
- ANSWER-false
If the planned markup is 15%, what would be the price of a shirt that costs the shop $30
if the MIll River Plan is used? - ANSWER-$34.50
If the wholesale price of a sand wedge is $70, the retail is $125, and final sales price is
$105, what is the gross margin percentage? - ANSWER-50%
If your average inventory value is $37,000 and your annual cost of goods sold is
$114,000, what is the turnover rate? - ANSWER-3.1
In an open-to-buy plan, the sales estimates and the cost of goods estimates come from
what other business management tool? - ANSWER-historical data, trends, etc
Instructors should avoid giving positive feedback when using negative feedback as
punishment - ANSWER-false
Inventory should arrive one to two months prior to the anticipation of sales - ANSWER-
true
Knowing the previous year's sales volume is sufficient to accurately forecast sales -
ANSWER-true
Knowledge feedback will influence the direction of a student efforts but is unable to
influence the students arousal and motivation level - ANSWER-false
Managing by walking around is the most effective when organizational protocols are
observed, such as, limiting conversation to their direct reports - ANSWER-false
Negative augmented feedback can function as either negative reinforcement or
punishment - ANSWER-true
One of the main benefits of the interpersonal management approach to monitoring
performance is to ensure policies and procedures are being followed - ANSWER-true
Pace of play policies are an effective means for controlling the demand curve for the
use of perishable tee times - ANSWER-true
Perpetual book inventory can determine both merchandise on hand and merchandise
sold - ANSWER-true
Physical unit tracking can determine both merchandise on hand and sold - ANSWER-
true
