PGA Level 1 Facility Management. All Revision Questions and Correct Answers (Already
Graded A+) (2024 Update) 100% Guaranteed
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. - ANSWER- True
Who should provide direction for creating the business plan at a golf operation - ANSWER-
Key Stakeholders
T/F Long range planning should initially assume an adversarial relationship between neighboring
facilities that directly compete with eachother - ANSWER- True
T/F According tho the Business Planning Model, a business plan should build on and refine the
operational plan. - ANSWER- False
What is the usual business destination for long-range planning - ANSWER- 3-5 Years; Achieve
its vision
What is the most significant benefit of strategic business planning - ANSWER- provides a long
term vision and destination
T/F Helping establish a starting point for goals, objectives, and related strategies is an appropriate
use of SWOT - ANSWER- True
T/F Financial forecasts should be based on historical data derivied from a linear trend analysis -
ANSWER- 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 outside factors
, have been identified. What is the next step to be taken towards completing the plan. - ANSWER-
Monitor 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 5
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? - ANSWER- Current State of Business
T/F A vision defines the short term objectives that must be accomplished in the upcoming year -
ANSWER- False
T/F A facility profile defines the overall culture of the business - ANSWER- True
T/F The projected customer base of certain golf facilities located in the US could assume members
drawn from international markets. - ANSWER- True
T/F A yield analysis is used to compile a facility's historical data on the number of rounds played
- ANSWER- True
What is the process called when the manager reviews total rounds to determine who is playing and
when? - ANSWER- Yield Analysis
T/F Mission Statements should include a definition of the facility's underlying financial model -
ANSWER- False
T/F A sound mission statement defines the long-term vision and core values of a facility. -
ANSWER- True
T/F It is appropriate to address the role of the employee in the mission statement - ANSWER-
True
Graded A+) (2024 Update) 100% Guaranteed
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. - ANSWER- True
Who should provide direction for creating the business plan at a golf operation - ANSWER-
Key Stakeholders
T/F Long range planning should initially assume an adversarial relationship between neighboring
facilities that directly compete with eachother - ANSWER- True
T/F According tho the Business Planning Model, a business plan should build on and refine the
operational plan. - ANSWER- False
What is the usual business destination for long-range planning - ANSWER- 3-5 Years; Achieve
its vision
What is the most significant benefit of strategic business planning - ANSWER- provides a long
term vision and destination
T/F Helping establish a starting point for goals, objectives, and related strategies is an appropriate
use of SWOT - ANSWER- True
T/F Financial forecasts should be based on historical data derivied from a linear trend analysis -
ANSWER- 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 outside factors
, have been identified. What is the next step to be taken towards completing the plan. - ANSWER-
Monitor 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 5
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? - ANSWER- Current State of Business
T/F A vision defines the short term objectives that must be accomplished in the upcoming year -
ANSWER- False
T/F A facility profile defines the overall culture of the business - ANSWER- True
T/F The projected customer base of certain golf facilities located in the US could assume members
drawn from international markets. - ANSWER- True
T/F A yield analysis is used to compile a facility's historical data on the number of rounds played
- ANSWER- True
What is the process called when the manager reviews total rounds to determine who is playing and
when? - ANSWER- Yield Analysis
T/F Mission Statements should include a definition of the facility's underlying financial model -
ANSWER- False
T/F A sound mission statement defines the long-term vision and core values of a facility. -
ANSWER- True
T/F It is appropriate to address the role of the employee in the mission statement - ANSWER-
True
