PGA PGM Level 1 Practice Guide exam
with comprehensive questions and well
elaborated correct answers graded A+
Professional Academic Assistance Services
Services Offered
Proctored Exam Assistance
Online Class Management (Full Course Support)
Exam Preparation & Study Materials
Assignments and Coursework Support
Essays and Research Papers
Discussion Posts and Replies
Contact Information
Email:
WhatsApp: +254705994759
,T/F The process for developing a business plan starts before you establish the goals you would like to
achieve for the shop's coming year. - correct ans:False
Who should provide direction for creating the business plan at a golf operation? - correct ans:All PGA
Professionals
T/F According to the Business Planning Model, a business plan should build on and refine the
operational plan - correct ans:True
T/F Long range planning should initially assume an adversarial relationship between neighboring
facilities that directly compete with each other. - correct ans:False
What is the usual business duration for long-range planning? - correct ans:3-5 years
What is the most significant benefit of strategic business planning? - correct ans:A competitive
advantage and meet objectives
T/F Helping establish a starting point for goals, objectives, and related strategies is an appropriate use of
the SWOT analysis. - correct ans:True
T/F Financial forecasts should be based on historical data derived from a linear trend analysis. - correct
ans:True
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
ans:Monitor the performance
,A golf professional is purchasing a 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 the business plan?
- correct ans:Current State of the business
T/F A vision defines the short term objectives that must be accomplished in the upcoming year. - correct
ans:False
T/F A Facility profile defines the overall culture of the business. - correct ans:False
T/F The projected customer base of certain golf facilities located in the US could assume members
drawn from international markets. - correct ans:False
T/F A yield analysis is used to compile a facility's historical data on the number of rounds played. -
correct ans:True
What is the process called when the manager reviews total rounds to determine who is playing and
when? - correct ans:Yield analysis
T/F Mission statements should include a definition of the facility's underlying financial model. - correct
ans:True
T/F A sound mission statement defines the long-term vision and core values of a facility. - correct
ans:True
T/F It is appropriate to address the role of the employee in the mission statement. - correct ans:False
T/F The interpretation of quantitative data is less susceptible to differences of opinion than qualitative
data. - correct ans:True
T/F Customer demographics is an internal factor. - correct ans:True
, What type of information is typically provided by qualitative data? - correct ans:Golf course, enjoyment,
flavor of food...
*not numerical*
What examples would be considered internal data sources for planning purposes? - correct ans:Staffing,
maintenance, amenities & marketing
T/F Cost of goods sold is an example of qualitative data. - correct ans:False
What information would be most useful to the planning team interested in measuring the facility's past
or current success? - correct ans:Quantitative data
T/F The utility of your business plan for managing day-to-day operations in a golf shop depends on your
ability to manage internal factors - correct ans:True
T/F The SWOT analysis would treat opportunities and threats as factors that usually can be controlled by
the facility. - correct ans:True
T/F The results of a SWOT analysis could be sufficient justification for the abandonment of a core
business function. - correct ans:True
T/F Staff Evaluations are a relevant data source for a SWOT analysis. - correct ans:True
How might revenues be affected at a nearby daily fee course if the local tire plant has major layoffs? -
correct ans:Less income in the area to spend
T/F lack of a mission statement is an example of a weakness that a SWOT analysis might disclose -
correct ans:False
T/F Trends in local consumer spending would be most useful for evaluation in a core business function. -
correct ans:False
with comprehensive questions and well
elaborated correct answers graded A+
Professional Academic Assistance Services
Services Offered
Proctored Exam Assistance
Online Class Management (Full Course Support)
Exam Preparation & Study Materials
Assignments and Coursework Support
Essays and Research Papers
Discussion Posts and Replies
Contact Information
Email:
WhatsApp: +254705994759
,T/F The process for developing a business plan starts before you establish the goals you would like to
achieve for the shop's coming year. - correct ans:False
Who should provide direction for creating the business plan at a golf operation? - correct ans:All PGA
Professionals
T/F According to the Business Planning Model, a business plan should build on and refine the
operational plan - correct ans:True
T/F Long range planning should initially assume an adversarial relationship between neighboring
facilities that directly compete with each other. - correct ans:False
What is the usual business duration for long-range planning? - correct ans:3-5 years
What is the most significant benefit of strategic business planning? - correct ans:A competitive
advantage and meet objectives
T/F Helping establish a starting point for goals, objectives, and related strategies is an appropriate use of
the SWOT analysis. - correct ans:True
T/F Financial forecasts should be based on historical data derived from a linear trend analysis. - correct
ans:True
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
ans:Monitor the performance
,A golf professional is purchasing a 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 the business plan?
- correct ans:Current State of the business
T/F A vision defines the short term objectives that must be accomplished in the upcoming year. - correct
ans:False
T/F A Facility profile defines the overall culture of the business. - correct ans:False
T/F The projected customer base of certain golf facilities located in the US could assume members
drawn from international markets. - correct ans:False
T/F A yield analysis is used to compile a facility's historical data on the number of rounds played. -
correct ans:True
What is the process called when the manager reviews total rounds to determine who is playing and
when? - correct ans:Yield analysis
T/F Mission statements should include a definition of the facility's underlying financial model. - correct
ans:True
T/F A sound mission statement defines the long-term vision and core values of a facility. - correct
ans:True
T/F It is appropriate to address the role of the employee in the mission statement. - correct ans:False
T/F The interpretation of quantitative data is less susceptible to differences of opinion than qualitative
data. - correct ans:True
T/F Customer demographics is an internal factor. - correct ans:True
, What type of information is typically provided by qualitative data? - correct ans:Golf course, enjoyment,
flavor of food...
*not numerical*
What examples would be considered internal data sources for planning purposes? - correct ans:Staffing,
maintenance, amenities & marketing
T/F Cost of goods sold is an example of qualitative data. - correct ans:False
What information would be most useful to the planning team interested in measuring the facility's past
or current success? - correct ans:Quantitative data
T/F The utility of your business plan for managing day-to-day operations in a golf shop depends on your
ability to manage internal factors - correct ans:True
T/F The SWOT analysis would treat opportunities and threats as factors that usually can be controlled by
the facility. - correct ans:True
T/F The results of a SWOT analysis could be sufficient justification for the abandonment of a core
business function. - correct ans:True
T/F Staff Evaluations are a relevant data source for a SWOT analysis. - correct ans:True
How might revenues be affected at a nearby daily fee course if the local tire plant has major layoffs? -
correct ans:Less income in the area to spend
T/F lack of a mission statement is an example of a weakness that a SWOT analysis might disclose -
correct ans:False
T/F Trends in local consumer spending would be most useful for evaluation in a core business function. -
correct ans:False
