Pga Pgm 3.0 Level 1 Test

PGA PGM 3.0 LEVEL 1 TEST

TheopProcessopforopdevelopingopaopbusinessopplanopstartsopbeforeopyouopestablishoptheopgo
alsopyouopwouldoplikeoptoopachieveopforoptheopshopsopcomingopyearop-opans--True

WhoopshouldopprovideopdirectionopforopcreatingoptheopbusinessopplanopatopaopGolfopOperatio
nop-opans--KeyopStakeholders

AccordingoptooptheopbusinessopplanningopModel,opaopbusinessopplanopshouldopbuildoponopan
doprefineoptheopoperationopplanop-opans--False

Longop-
opRangeopPlanningopshouldopinitiallyopassumeopanopadversarialoprelationshipopbetweenopne
ighboringopfacilitiesopthatopdirectlyopcompeteopwithopeachopother.op-opans--True

Whatopisoptheopusualopbusinessopdestinationopforoplongoprangeopplanning?op-opans--3-
5opyearsopAchieveopitsopvision

whatopisoptheopmostopsignificantopbenefitopofopstrategicopbusinessopPlanning.op-opans--
Provideopaoplongoptermopvisionop&opDestination

HelpingopEstablishopaopstartingoppointopforopgoals,opObjectives,opandoprelatedopstrategiesopi
sopanopappropriateopuseopofopaopSWOTopanalysis.op-opans--True

Youopareopinoptheopprocessopofopcompletingopaopbusinessopplanopforoptheopgolfopshop.opInitia
lopforecastopofopsales,opexpenses,opandopprofitophaveopbeenopmade.opPastopdataophasopbee
nopanalyzedopandopimportantopinsideopandopoutsideopfactorsophaveopbeenopidentified.opWha
topisoptheopnextopstepoptoopbeoptakenoptowardsopcompletingoptheopplan?op-opans--
MonitoropPerformance

AopGolfopProfessionalopisoppurchasingopaopgolfopcourse.opTheopbusinessopplanopheoppresent
edoptoophisopbankeropincludedophisophistoryopofopoperatingopsuccessfullyopoperatingopsimilar
opfacilities,opbudgetopprojectionsopforoptheopfirstopfiveopyearsopunderophisopmanagement,opan
dopobjectivesopandopstrategiesopforopreachingophisopgoals.opTheopbankeroprejectedoptheoploa
nopapplicationopbecauseopofopmissingopinformation.opWhatopimportantopelementopisopmissin
gopfromoptheopbusinessopplan?op-opans--Currentopstateopofoptheopbusiness

TheopSWOTopanalysisopwouldoptreatopopportunitiesopareopthreatsopasopfactorsopthatopusuall
yopcanopbeopcontrolledopbyoptheopfacility.op-opans--False

,TheopResultopofopaopSWOTopanalysisopcouldopbeopsufficientopjustificationopforoptheopabando
nmentopofopaopcoreopbusinessopfunctionop-opans--True

StaffopevaluationopareopaoprelevantopdataopsourceopforopaopSWOTopanalysisop-opans--True

Howopmightoprevenuesopbeopaffectedopatopaopnearbyopdailyopfeeopcourseopifoptheoplocaloptireo
pplantophasopmajoroplayoffsop-opans--GoopDownop(decrease)


LackopofopaopmissionopstatementopisopanopexampleopofopaopweaknessopthatopaopSWOTopanal
ysisopmightopdiscloseop-opans--True

Trendsopinoplocalopconsumeropspendingopwouldopbeopmostopusefulopforopevaluatingopaopcore
opbusinessopfunctionop-opans--True


Whatopshouldopgovernoptheopdecisionoptooppursueopanopopportunity?op-opans--Financesop-
opBarriersoptoopentryop-oprecoursesop-opopportunityopcost


Goals,opObjectivesop&opstrategiesop-opans--

Consideroptheopfollowingoptheopstatementopasoppartopofoptheopaopbusinessopplan:op"improveo
prangeopprofitsopandopcustomeropsatisfaction."opAccordingoptooptheopbusinessopplanningopco
urse,opthisopstatementopisopanopexampleopofopanopobjective.op-opans--True

Theopnewopmanageropofopaoptenop-opyearop-
opoldopprivateopcourseopcurrentlyopdoingopanopaverageopofop5,op000optournamentoproundsopp
eropyear,opproposesoptoopincreaseoptournamentoproundsopbyop50%opbyoptheopendopofoptheop
nextopyear.opThisopproposalopmeetsoptheopcriteriaopforopanopeffectiveopbusinessopobjectiveop
asoppresentedopinoptheopbusinessopplanningopcourseopmanual.op-opans--True

"DevelopopandoppromoteopgroupoplessonopprogramsopaimedopatopaopwomenopandopJuniors"
opisopanopexampleopofopanopeffectiveopbusinessopobjectives.op-opans--False


WhatopImportantopCharacteristicopisopmissingopinoptheopbusinessopObjectives.op"Increaseop
proopshopopsalesopnextopyear?"op-opans--
Measurables;opHowopareopyouopgoingoptoopmeasure

WhichopCharacteristicsopofopgoalsopandopobjectivesopisopdescribedopasopcapableopofopbeing
opobserved,oprecorded,opandopmeasure.op-opans--Quantifiable


Whatopisopfunctionallyopsignificantopdifferenceopbetweenopgoalsopandopobjectives?op-opans--
goalopfewopclearlyopdefinedoptargetsopobjectivesopofophowopweopgetoptheopgoal.

Aopfacilitiesopfinancialopobjectivesopcouldopachievedopthroughopoperationalopstrategiesopalo
ne.op-opans--False

,TheopFollowingopagendaopwasoppartopofopaopgolfoprangeopbusinessopplan."175opdozenopran
geopballsopandoprotateopusageopthreeoptimesopaopyear.opWho:opHeadopProfessional.opWhen:
opEndopofopFirstopQuarter.opCost:op$1500"opAccordingoptooptheopbusinessopplanopcomponent
oprepresentedopbyopthisopstatement?op-opans--.......


WhatopisopanopexampleopofopaopfinancialopStrategy?op-opans--
BorrowingopMoney:opDebt:opReduceopoperatingopexpense.

Whatopwouldopbeoptheopmostopappropriateopinitialopresponseoptoopaopfacilityopincomeopnotop
meetingopprojections.op-opans--.......

Financial,opForecast,opandopBudgetsop-opans--

Calculatingopyieldopinvolvesopknowingoptheoprelationshipopbetweenoptheopamountoputilizedop
andoptheopamountopavailable.op-opans--True

GrossopProfitopisopwhatopremainsopafteropcalculatingoptheopdifferenceopbetweenoprevenueop
andopcostopofopgoodsop-opans--True

Linearoptrendopanalysisopandopbaseopyearopanalysisopareopexampleopofopverticalopanalysisop
-opans--False

TheopDivisoropinoptheoplinearoptrendopformulaop-
opaverageoppercentageopisoptheopnumberopofopyearsopofopchangeopbeingopmeasured.op-
opans--True


Conductingopaopbaseopyearopanalysisopisopaopgoodopchoiceopforopaopfacilityopthatophasopjustop
completedopaopprojectopthatopaddedopnineopnewopholesoptooptheoporiginalop9op-
opholeopcourseop-opans--True


GolfopShopopsalesopofop$100,000opyieldopgrossopmarginopofop$30,000,opWhatopisoptheopperc
entopofoptheopcostopofopgoods.op-opans--30%

Whatopisoptheopdefinitionopofop"costopofopgoodsopsold"op-opans--Costopusedoptoopbyopstock

Ifoptheopgrossoptargetopmarginopforopyouropgolfopshopopwereopaboutop40%,opwhatopwouldopbe
optheoptargetop%opforopyouropcostopofopgoodsopsold?op-opans--60%


Accordingoptooptheopbusinessopplanningopcourseopmanual,opwhatopisopusuallyoptheoplargesto
pcontributoroptooptheopbottomoplineopprofitopofoptheopfacilityop-opans--Rounds


WhatopisoptheopformulaopforopMerchandiseopNetopOperatingopIncome?op-opans--
RevenueopGeneratedop-opOperatingopExpense

Whatopeventsopwouldopcauseopaopchangeopinoptheopforecastopforoptheopgolfopshopopexpense
?op-opans--

, Whatopmetricopshouldopbeoppartopofopeveryopforecastopregardlessopofoptheoptypeopofoptheopfa
cilityop-opans--

AopVisionopdefinesoptheopshortop-
opTermopobjectivesopthatopmustopbeopaccomplishedopinoptheopupcomingopyear.op-opans--
False

AopFacilityopprofileopdefinesoptheopoverallopcultureopofoptheopbusinessop-opans--True

TheopprojectedopcustomeropbaseopofopcertainopgolfopfacilitiesoplocatedopinoptheopUnitedopStat
esopcouldopassumeopmembersopdrawnopfromopinternationalopMarkets.op-opans--True

AopyieldopAnalysisopisopusedoptoopcompileopaopfacilitiesophistoricalopdataoponoptheopnumberop
ofoproundsopplayed.op-opans--True

Whatopisoptheopprocessopcalledopwhenopaopmanageropreviewsoptotaloproundsoptoopdetermine
opwhoopisopplayingopandopwhen?op-opans--YieldopAnalysis


MissionopStatementsopshouldopincludeopaopdefinitionopofoptheopfacility'sopunderlyingopfinanci
alopmodel.op-opans--False

Aopsoundopmissionopstatementopdefinesoptheoplongoptermopvisionopandopcoreopvaluesopofopao
pfacilityop-opans--True


Itopisopappropriateoptoopaddressoptheoproleopofoptheopemployeeopinoptheopmissionopstatement
op-opans--False


Assessingoptheopcurrentopstateopofopbusiness.op-opans--

Theopinterpretationopofoptheopquantitativeopdataopisoplessopsusceptibleoptoopdifferencesopofop
opinionopthanopqualitiveopdataop-opans--True

Customeropdemographicsopisopanopinternalopfactorop-opans--False

Whatoptypeopifopinformationopisoptypicallyopprovidedopbyopqualitiveopdata.op-opans--
Likes;opDislikes;opExperiences

Whatopexamplesopwouldopbeopconsideredopinternalopdataopsourcesopforopplanningoppurpos
esop-opans---opFinancesop-opCogsopetc..

Costopofopgoodsopsoldopisopanopexampleopofopqualitiveopdateop-opans--False

Whatopinformationopwouldopbeopmostopusefuloptooptheopplanningopteamopinterestedopinopmea
suringoptheopfacilitiesoppastoporopcurrentopsuccessop-opans--HistoricalopYieldopAnalysis