PGA Level 1 Business Planning. All Revision Questions and Correct Answers (Already
Graded A+) (2024 Update) 100% Guaranteed
Business Planning - ANSWER- On going and Dynamic process
Business Team - ANSWER- People, organization, key info
Stakeholders - ANSWER- person having a stake or interest in business
PGA Professionals - ANSWER- must be able to engage in long term strategic planning and
link to annual plans and operating plans
Strategic Planning - ANSWER- provides long term vision and destination and does not just
focus on current state of business
PGA Business Planning Model - ANSWER- 1. Define Business
2. Assess Current state of Business
3.Develop business goals,Objectives,related strategies
4.Prepare Finacial Forecasts an Budgets
5. Monitor Performace
Defining Business - ANSWER- Foundation of entire business planning process.Core
values,vision,and mission.
Facility Profile - ANSWER- Identifies the business assests,departments,core business
areas,demographics,target customer segements.
,Outcomes-Define Business - ANSWER- Written,mission,vision and core values.Facility
Description,Market analysis.
Assess the current state of Business - ANSWER- Gather fundamental data begin to analyze its
current and past performane. Quantitative and Qualitative used. SWOT also.
Outcomes- Asses Current state of Business - ANSWER- Current and past finacial
performance,progess towards goals and objectives and changes to core business areas and
operational procedures. SWOT is also used.
Develop Business Goals,Objectives,and Strategies - ANSWER- Shape objectives,identify
specific ways to measure progress toward objectives and come up with strategies that lead to
success
Outcomes-Develop Business Goals,Objectives,and
Strategies - ANSWER- Measureable long term goals,short term objectives,business strategies
and operational procedures designed to accomplish these goals and objectives.
Prepare Finiacial Forecasts and Budgets - ANSWER- Short term and long term changes in $$.
Creating a finiacial forecast based projections of revenue,expenses,net income.
Outcomes-Prepare Finiacial Forecasts and Budgets - ANSWER- Long term forecast,annual
operating budget,cash flow statement. They are used to guide the facility.
Monitor Performance - ANSWER- Monitoring and adjusting operations based on actual
performance
PGA DATA TO FACILITATE BUSINESS PLANNING - ANSWER- PGA PERFORMANCE
TRAK
PGA ANNUAL OPERATIONS SURVEY REPORTS
PGA ANNUAL COMPENSATION SURVEY REPORTING TOOL
, PGA BEST PRACTICES
PLAY GOLF AMERICA
THE IMPACT OF GOLF
The PGA Business Planning Model - ANSWER- includes elements of strategic planning and
annual business planning.
Each phase of the PGA Business Planning Model focuses - ANSWER- planning processes and
planning outcomes.
What is a typical outcome from the initial stage of defining a business? - ANSWER-
Descriptions of a facility's vision, values, and mission.
Monitoring performance - ANSWER- Tracking financial performance against the plan and
making adjustments to operations
Which of the following occurs when assessing the current state of the business? - ANSWER-
Gathering and analyzing data from multiple sources
A typical product or outcome of financial forecasting and budgeting - ANSWER- A specific
one-year operating budget
The following resources provide specific data about the financial performance of golf facilities -
ANSWER- PGA Performance Trak and the PGA Annual Operations Survey
Vision statement - ANSWER- this is what we stand for, this is where we're going, and this is
what we will accomplish."
Vision statements - ANSWER- can be short, i.e., "We will land a man on the moon," or they
may encompass multiple pages.
Graded A+) (2024 Update) 100% Guaranteed
Business Planning - ANSWER- On going and Dynamic process
Business Team - ANSWER- People, organization, key info
Stakeholders - ANSWER- person having a stake or interest in business
PGA Professionals - ANSWER- must be able to engage in long term strategic planning and
link to annual plans and operating plans
Strategic Planning - ANSWER- provides long term vision and destination and does not just
focus on current state of business
PGA Business Planning Model - ANSWER- 1. Define Business
2. Assess Current state of Business
3.Develop business goals,Objectives,related strategies
4.Prepare Finacial Forecasts an Budgets
5. Monitor Performace
Defining Business - ANSWER- Foundation of entire business planning process.Core
values,vision,and mission.
Facility Profile - ANSWER- Identifies the business assests,departments,core business
areas,demographics,target customer segements.
,Outcomes-Define Business - ANSWER- Written,mission,vision and core values.Facility
Description,Market analysis.
Assess the current state of Business - ANSWER- Gather fundamental data begin to analyze its
current and past performane. Quantitative and Qualitative used. SWOT also.
Outcomes- Asses Current state of Business - ANSWER- Current and past finacial
performance,progess towards goals and objectives and changes to core business areas and
operational procedures. SWOT is also used.
Develop Business Goals,Objectives,and Strategies - ANSWER- Shape objectives,identify
specific ways to measure progress toward objectives and come up with strategies that lead to
success
Outcomes-Develop Business Goals,Objectives,and
Strategies - ANSWER- Measureable long term goals,short term objectives,business strategies
and operational procedures designed to accomplish these goals and objectives.
Prepare Finiacial Forecasts and Budgets - ANSWER- Short term and long term changes in $$.
Creating a finiacial forecast based projections of revenue,expenses,net income.
Outcomes-Prepare Finiacial Forecasts and Budgets - ANSWER- Long term forecast,annual
operating budget,cash flow statement. They are used to guide the facility.
Monitor Performance - ANSWER- Monitoring and adjusting operations based on actual
performance
PGA DATA TO FACILITATE BUSINESS PLANNING - ANSWER- PGA PERFORMANCE
TRAK
PGA ANNUAL OPERATIONS SURVEY REPORTS
PGA ANNUAL COMPENSATION SURVEY REPORTING TOOL
, PGA BEST PRACTICES
PLAY GOLF AMERICA
THE IMPACT OF GOLF
The PGA Business Planning Model - ANSWER- includes elements of strategic planning and
annual business planning.
Each phase of the PGA Business Planning Model focuses - ANSWER- planning processes and
planning outcomes.
What is a typical outcome from the initial stage of defining a business? - ANSWER-
Descriptions of a facility's vision, values, and mission.
Monitoring performance - ANSWER- Tracking financial performance against the plan and
making adjustments to operations
Which of the following occurs when assessing the current state of the business? - ANSWER-
Gathering and analyzing data from multiple sources
A typical product or outcome of financial forecasting and budgeting - ANSWER- A specific
one-year operating budget
The following resources provide specific data about the financial performance of golf facilities -
ANSWER- PGA Performance Trak and the PGA Annual Operations Survey
Vision statement - ANSWER- this is what we stand for, this is where we're going, and this is
what we will accomplish."
Vision statements - ANSWER- can be short, i.e., "We will land a man on the moon," or they
may encompass multiple pages.
