PGA PGM 3.0 Level 1 Test Questios With
Correct Answers
The bProcess bfor bdeveloping ba bbusiness bplan bstarts bbefore byou bestablish bthe
bgoals byou bwould blike bto bachieve bfor bthe bshops bcoming byear b- bcorrect
banswers✔✔True
Who bshould bprovide bdirection bfor bcreating bthe bbusiness bplan bat ba bGolf bOperation
b- bcorrect banswers✔✔Key bStakeholders
According bto bthe bbusiness bplanning bModel, ba bbusiness bplan bshould bbuild bon band
brefine bthe boperation bplan b- bcorrect banswers✔✔False
Long b- bRange bPlanning bshould binitially bassume ban badversarial brelationship
bbetween bneighboring bfacilities bthat bdirectly bcompete bwith beach bother. b- bcorrect
banswers✔✔True
What bis bthe busual bbusiness bdestination bfor blong brange bplanning? b- bcorrect
banswers✔✔3-5 byears bAchieve bits bvision
what bis bthe bmost bsignificant bbenefit bof bstrategic bbusiness bPlanning. b- bcorrect
banswers✔✔Provide ba blong bterm bvision b& bDestination
Helping bEstablish ba bstarting bpoint bfor bgoals, bObjectives, band brelated bstrategies bis
ban bappropriate buse bof ba bSWOT banalysis. b- bcorrect banswers✔✔True
You bare bin bthe bprocess bof bcompleting ba bbusiness bplan bfor bthe bgolf bshop. bInitial
bforecast bof bsales, bexpenses, band bprofit bhave bbeen bmade. bPast bdata bhas bbeen
,banalyzed band bimportant binside band boutside bfactors bhave bbeen bidentified. bWhat bis
bthe bnext bstep bto bbe btaken btowards bcompleting bthe bplan? b- bcorrect
banswers✔✔Monitor bPerformance
A bGolf bProfessional bis bpurchasing ba bgolf bcourse. bThe bbusiness bplan bhe bpresented
bto bhis bbanker bincluded bhis bhistory bof boperating bsuccessfully boperating bsimilar
bfacilities, bbudget bprojections bfor bthe bfirst bfive byears bunder bhis bmanagement, band
bobjectives band bstrategies bfor breaching bhis bgoals. bThe bbanker brejected bthe bloan
bapplication bbecause bof bmissing binformation. bWhat bimportant belement bis bmissing
bfrom bthe bbusiness bplan? b- bcorrect banswers✔✔Current bstate bof bthe bbusiness
The bSWOT banalysis bwould btreat bopportunities bare bthreats bas bfactors bthat busually
bcan bbe bcontrolled bby bthe bfacility. b- bcorrect banswers✔✔False
The bResult bof ba bSWOT banalysis bcould bbe bsufficient bjustification bfor bthe
babandonment bof ba bcore bbusiness bfunction b- bcorrect banswers✔✔True
Staff bevaluation bare ba brelevant bdata bsource bfor ba bSWOT banalysis b- bcorrect
banswers✔✔True
How bmight brevenues bbe baffected bat ba bnearby bdaily bfee bcourse bif bthe blocal btire
bplant bhas bmajor blayoffs b- bcorrect banswers✔✔Go bDown b(decrease)
Lack bof ba bmission bstatement bis ban bexample bof ba bweakness bthat ba bSWOT
banalysis bmight bdisclose b- bcorrect banswers✔✔True
Trends bin blocal bconsumer bspending bwould bbe bmost buseful bfor bevaluating ba bcore
bbusiness bfunction b- bcorrect banswers✔✔True
What bshould bgovern bthe bdecision bto bpursue ban bopportunity? b- bcorrect
banswers✔✔Finances b- bBarriers bto bentry b- brecourses b- bopportunity bcost
Goals, bObjectives b& bstrategies b- bcorrect banswers✔✔
Consider bthe bfollowing bthe bstatement bas bpart bof bthe ba bbusiness bplan: b"improve
brange bprofits band bcustomer bsatisfaction." bAccording bto bthe bbusiness bplanning
bcourse, bthis bstatement bis ban bexample bof ban bobjective. b- bcorrect banswers✔✔True
The bnew bmanager bof ba bten b- byear b- bold bprivate bcourse bcurrently bdoing ban
baverage bof b5, b000 btournament brounds bper byear, bproposes bto bincrease
btournament brounds bby b50% bby bthe bend bof bthe bnext byear. bThis bproposal bmeets
bthe bcriteria bfor ban beffective bbusiness bobjective bas bpresented bin bthe bbusiness
bplanning bcourse bmanual. b- bcorrect banswers✔✔True
"Develop band bpromote bgroup blesson bprograms baimed bat ba bwomen band bJuniors"
bis ban bexample bof ban beffective bbusiness bobjectives. b- bcorrect banswers✔✔False
,What bImportant bCharacteristic bis bmissing bin bthe bbusiness bObjectives. b"Increase
bpro bshop bsales bnext byear?" b- bcorrect banswers✔✔Measurables; bHow bare byou
bgoing bto bmeasure
Which bCharacteristics bof bgoals band bobjectives bis bdescribed bas bcapable bof bbeing
bobserved, brecorded, band bmeasure. b- bcorrect banswers✔✔Quantifiable
What bis bfunctionally bsignificant bdifference bbetween bgoals band bobjectives? b- bcorrect
banswers✔✔goal bfew bclearly bdefined btargets bobjectives bof bhow bwe bget bthe bgoal.
A bfacilities bfinancial bobjectives bcould bachieved bthrough boperational bstrategies
balone. b- bcorrect banswers✔✔False
The bFollowing bagenda bwas bpart bof ba bgolf brange bbusiness bplan."175 bdozen brange
bballs band brotate busage bthree btimes ba byear. bWho: bHead bProfessional. bWhen: bEnd
bof bFirst bQuarter. bCost: b$1500" bAccording bto bthe bbusiness bplan bcomponent
brepresented bby bthis bstatement? b- bcorrect banswers✔✔.......
What bis ban bexample bof ba bfinancial bStrategy? b- bcorrect banswers✔✔Borrowing
bMoney: bDebt: bReduce boperating bexpense.
What bwould bbe bthe bmost bappropriate binitial bresponse bto ba bfacility bincome bnot
bmeeting bprojections. b- bcorrect banswers✔✔.......
Financial, bForecast, band bBudgets b- bcorrect banswers✔✔
Calculating byield binvolves bknowing bthe brelationship bbetween bthe bamount butilized
band bthe bamount bavailable. b- bcorrect banswers✔✔True
Gross bProfit bis bwhat bremains bafter bcalculating bthe bdifference bbetween brevenue
band bcost bof bgoods b- bcorrect banswers✔✔True
Linear btrend banalysis band bbase byear banalysis bare bexample bof bvertical banalysis b-
bcorrect banswers✔✔False
The bDivisor bin bthe blinear btrend bformula b- baverage bpercentage bis bthe bnumber bof
byears bof bchange bbeing bmeasured. b- bcorrect banswers✔✔True
Conducting ba bbase byear banalysis bis ba bgood bchoice bfor ba bfacility bthat bhas bjust
bcompleted ba bproject bthat badded bnine bnew bholes bto bthe boriginal b9 b- bhole bcourse
b- bcorrect banswers✔✔True
Golf bShop bsales bof b$100,000 byield bgross bmargin bof b$30,000, bWhat bis bthe bpercent
bof bthe bcost bof bgoods. b- bcorrect banswers✔✔30%
, What bis bthe bdefinition bof b"cost bof bgoods bsold" b- bcorrect banswers✔✔Cost bused bto
bby bstock
If bthe bgross btarget bmargin bfor byour bgolf bshop bwere babout b40%, bwhat bwould bbe
bthe btarget b% bfor byour bcost bof bgoods bsold? b- bcorrect banswers✔✔60%
According bto bthe bbusiness bplanning bcourse bmanual, bwhat bis busually bthe blargest
bcontributor bto bthe bbottom bline bprofit bof bthe bfacility b- bcorrect banswers✔✔Rounds
What bis bthe bformula bfor bMerchandise bNet bOperating bIncome? b- bcorrect
banswers✔✔Revenue bGenerated b- bOperating bExpense
What bevents bwould bcause ba bchange bin bthe bforecast bfor bthe bgolf bshop bexpense? b-
bcorrect banswers✔✔
What bmetric bshould bbe bpart bof bevery bforecast bregardless bof bthe btype bof bthe
bfacility b- bcorrect banswers✔✔
A bVision bdefines bthe bshort b- bTerm bobjectives bthat bmust bbe baccomplished bin bthe
bupcoming byear. b- bcorrect banswers✔✔False
A bFacility bprofile bdefines bthe boverall bculture bof bthe bbusiness b- bcorrect
banswers✔✔True
The bprojected bcustomer bbase bof bcertain bgolf bfacilities blocated bin bthe bUnited bStates
bcould bassume bmembers bdrawn bfrom binternational bMarkets. b- bcorrect
banswers✔✔True
A byield bAnalysis bis bused bto bcompile ba bfacilities bhistorical bdata bon bthe bnumber bof
brounds bplayed. b- bcorrect banswers✔✔True
What bis bthe bprocess bcalled bwhen ba bmanager breviews btotal brounds bto bdetermine
bwho bis bplaying band bwhen? b- bcorrect banswers✔✔Yield bAnalysis
Mission bStatements bshould binclude ba bdefinition bof bthe bfacility's bunderlying bfinancial
bmodel. b- bcorrect banswers✔✔False
A bsound bmission bstatement bdefines bthe blong bterm bvision band bcore bvalues bof ba
bfacility b- bcorrect banswers✔✔True
It bis bappropriate bto baddress bthe brole bof bthe bemployee bin bthe bmission bstatement b-
bcorrect banswers✔✔False
Assessing bthe bcurrent bstate bof bbusiness. b- bcorrect banswers✔✔
Correct Answers
The bProcess bfor bdeveloping ba bbusiness bplan bstarts bbefore byou bestablish bthe
bgoals byou bwould blike bto bachieve bfor bthe bshops bcoming byear b- bcorrect
banswers✔✔True
Who bshould bprovide bdirection bfor bcreating bthe bbusiness bplan bat ba bGolf bOperation
b- bcorrect banswers✔✔Key bStakeholders
According bto bthe bbusiness bplanning bModel, ba bbusiness bplan bshould bbuild bon band
brefine bthe boperation bplan b- bcorrect banswers✔✔False
Long b- bRange bPlanning bshould binitially bassume ban badversarial brelationship
bbetween bneighboring bfacilities bthat bdirectly bcompete bwith beach bother. b- bcorrect
banswers✔✔True
What bis bthe busual bbusiness bdestination bfor blong brange bplanning? b- bcorrect
banswers✔✔3-5 byears bAchieve bits bvision
what bis bthe bmost bsignificant bbenefit bof bstrategic bbusiness bPlanning. b- bcorrect
banswers✔✔Provide ba blong bterm bvision b& bDestination
Helping bEstablish ba bstarting bpoint bfor bgoals, bObjectives, band brelated bstrategies bis
ban bappropriate buse bof ba bSWOT banalysis. b- bcorrect banswers✔✔True
You bare bin bthe bprocess bof bcompleting ba bbusiness bplan bfor bthe bgolf bshop. bInitial
bforecast bof bsales, bexpenses, band bprofit bhave bbeen bmade. bPast bdata bhas bbeen
,banalyzed band bimportant binside band boutside bfactors bhave bbeen bidentified. bWhat bis
bthe bnext bstep bto bbe btaken btowards bcompleting bthe bplan? b- bcorrect
banswers✔✔Monitor bPerformance
A bGolf bProfessional bis bpurchasing ba bgolf bcourse. bThe bbusiness bplan bhe bpresented
bto bhis bbanker bincluded bhis bhistory bof boperating bsuccessfully boperating bsimilar
bfacilities, bbudget bprojections bfor bthe bfirst bfive byears bunder bhis bmanagement, band
bobjectives band bstrategies bfor breaching bhis bgoals. bThe bbanker brejected bthe bloan
bapplication bbecause bof bmissing binformation. bWhat bimportant belement bis bmissing
bfrom bthe bbusiness bplan? b- bcorrect banswers✔✔Current bstate bof bthe bbusiness
The bSWOT banalysis bwould btreat bopportunities bare bthreats bas bfactors bthat busually
bcan bbe bcontrolled bby bthe bfacility. b- bcorrect banswers✔✔False
The bResult bof ba bSWOT banalysis bcould bbe bsufficient bjustification bfor bthe
babandonment bof ba bcore bbusiness bfunction b- bcorrect banswers✔✔True
Staff bevaluation bare ba brelevant bdata bsource bfor ba bSWOT banalysis b- bcorrect
banswers✔✔True
How bmight brevenues bbe baffected bat ba bnearby bdaily bfee bcourse bif bthe blocal btire
bplant bhas bmajor blayoffs b- bcorrect banswers✔✔Go bDown b(decrease)
Lack bof ba bmission bstatement bis ban bexample bof ba bweakness bthat ba bSWOT
banalysis bmight bdisclose b- bcorrect banswers✔✔True
Trends bin blocal bconsumer bspending bwould bbe bmost buseful bfor bevaluating ba bcore
bbusiness bfunction b- bcorrect banswers✔✔True
What bshould bgovern bthe bdecision bto bpursue ban bopportunity? b- bcorrect
banswers✔✔Finances b- bBarriers bto bentry b- brecourses b- bopportunity bcost
Goals, bObjectives b& bstrategies b- bcorrect banswers✔✔
Consider bthe bfollowing bthe bstatement bas bpart bof bthe ba bbusiness bplan: b"improve
brange bprofits band bcustomer bsatisfaction." bAccording bto bthe bbusiness bplanning
bcourse, bthis bstatement bis ban bexample bof ban bobjective. b- bcorrect banswers✔✔True
The bnew bmanager bof ba bten b- byear b- bold bprivate bcourse bcurrently bdoing ban
baverage bof b5, b000 btournament brounds bper byear, bproposes bto bincrease
btournament brounds bby b50% bby bthe bend bof bthe bnext byear. bThis bproposal bmeets
bthe bcriteria bfor ban beffective bbusiness bobjective bas bpresented bin bthe bbusiness
bplanning bcourse bmanual. b- bcorrect banswers✔✔True
"Develop band bpromote bgroup blesson bprograms baimed bat ba bwomen band bJuniors"
bis ban bexample bof ban beffective bbusiness bobjectives. b- bcorrect banswers✔✔False
,What bImportant bCharacteristic bis bmissing bin bthe bbusiness bObjectives. b"Increase
bpro bshop bsales bnext byear?" b- bcorrect banswers✔✔Measurables; bHow bare byou
bgoing bto bmeasure
Which bCharacteristics bof bgoals band bobjectives bis bdescribed bas bcapable bof bbeing
bobserved, brecorded, band bmeasure. b- bcorrect banswers✔✔Quantifiable
What bis bfunctionally bsignificant bdifference bbetween bgoals band bobjectives? b- bcorrect
banswers✔✔goal bfew bclearly bdefined btargets bobjectives bof bhow bwe bget bthe bgoal.
A bfacilities bfinancial bobjectives bcould bachieved bthrough boperational bstrategies
balone. b- bcorrect banswers✔✔False
The bFollowing bagenda bwas bpart bof ba bgolf brange bbusiness bplan."175 bdozen brange
bballs band brotate busage bthree btimes ba byear. bWho: bHead bProfessional. bWhen: bEnd
bof bFirst bQuarter. bCost: b$1500" bAccording bto bthe bbusiness bplan bcomponent
brepresented bby bthis bstatement? b- bcorrect banswers✔✔.......
What bis ban bexample bof ba bfinancial bStrategy? b- bcorrect banswers✔✔Borrowing
bMoney: bDebt: bReduce boperating bexpense.
What bwould bbe bthe bmost bappropriate binitial bresponse bto ba bfacility bincome bnot
bmeeting bprojections. b- bcorrect banswers✔✔.......
Financial, bForecast, band bBudgets b- bcorrect banswers✔✔
Calculating byield binvolves bknowing bthe brelationship bbetween bthe bamount butilized
band bthe bamount bavailable. b- bcorrect banswers✔✔True
Gross bProfit bis bwhat bremains bafter bcalculating bthe bdifference bbetween brevenue
band bcost bof bgoods b- bcorrect banswers✔✔True
Linear btrend banalysis band bbase byear banalysis bare bexample bof bvertical banalysis b-
bcorrect banswers✔✔False
The bDivisor bin bthe blinear btrend bformula b- baverage bpercentage bis bthe bnumber bof
byears bof bchange bbeing bmeasured. b- bcorrect banswers✔✔True
Conducting ba bbase byear banalysis bis ba bgood bchoice bfor ba bfacility bthat bhas bjust
bcompleted ba bproject bthat badded bnine bnew bholes bto bthe boriginal b9 b- bhole bcourse
b- bcorrect banswers✔✔True
Golf bShop bsales bof b$100,000 byield bgross bmargin bof b$30,000, bWhat bis bthe bpercent
bof bthe bcost bof bgoods. b- bcorrect banswers✔✔30%
, What bis bthe bdefinition bof b"cost bof bgoods bsold" b- bcorrect banswers✔✔Cost bused bto
bby bstock
If bthe bgross btarget bmargin bfor byour bgolf bshop bwere babout b40%, bwhat bwould bbe
bthe btarget b% bfor byour bcost bof bgoods bsold? b- bcorrect banswers✔✔60%
According bto bthe bbusiness bplanning bcourse bmanual, bwhat bis busually bthe blargest
bcontributor bto bthe bbottom bline bprofit bof bthe bfacility b- bcorrect banswers✔✔Rounds
What bis bthe bformula bfor bMerchandise bNet bOperating bIncome? b- bcorrect
banswers✔✔Revenue bGenerated b- bOperating bExpense
What bevents bwould bcause ba bchange bin bthe bforecast bfor bthe bgolf bshop bexpense? b-
bcorrect banswers✔✔
What bmetric bshould bbe bpart bof bevery bforecast bregardless bof bthe btype bof bthe
bfacility b- bcorrect banswers✔✔
A bVision bdefines bthe bshort b- bTerm bobjectives bthat bmust bbe baccomplished bin bthe
bupcoming byear. b- bcorrect banswers✔✔False
A bFacility bprofile bdefines bthe boverall bculture bof bthe bbusiness b- bcorrect
banswers✔✔True
The bprojected bcustomer bbase bof bcertain bgolf bfacilities blocated bin bthe bUnited bStates
bcould bassume bmembers bdrawn bfrom binternational bMarkets. b- bcorrect
banswers✔✔True
A byield bAnalysis bis bused bto bcompile ba bfacilities bhistorical bdata bon bthe bnumber bof
brounds bplayed. b- bcorrect banswers✔✔True
What bis bthe bprocess bcalled bwhen ba bmanager breviews btotal brounds bto bdetermine
bwho bis bplaying band bwhen? b- bcorrect banswers✔✔Yield bAnalysis
Mission bStatements bshould binclude ba bdefinition bof bthe bfacility's bunderlying bfinancial
bmodel. b- bcorrect banswers✔✔False
A bsound bmission bstatement bdefines bthe blong bterm bvision band bcore bvalues bof ba
bfacility b- bcorrect banswers✔✔True
It bis bappropriate bto baddress bthe brole bof bthe bemployee bin bthe bmission bstatement b-
bcorrect banswers✔✔False
Assessing bthe bcurrent bstate bof bbusiness. b- bcorrect banswers✔✔
