PGA PGM 3.0 Level 1 Test questions and 100% 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 answerTrue Who should provide direction for creating the business plan at a Golf Operation - correct answerKey Stakeholders According to the business planning Model, a business plan should build on and refine the operation plan - correct answerFalse Long - Range Planning should initially assume an adversarial relationship between neighboring facilities that directly compete with each other. - correct answerTrue What is the usual business destination for long range planning? - correct answer3-5 years Achieve its vision what is the most significant benefit of strategic business Planning. - correct answerProvide 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 answerTrue 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 answerMonitor 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 answerCurrent state of the business