PGA PGM LEVEL 1: TEST QUESTIONS WITH THE LATEST AND
UPDATED SCORES.
The Process for developing a business plan starts before you establish the goals you
_ _ _ _ _ _ _ _ _ _ _ _ _ _
would like to achieve for the shops coming year -- Answer ✔✔ True
_ _ _ _ _ _ _ _ _ _ _ _
Who should provide direction for creating the business plan at a Golf Operation --
_ _ _ _ _ _ _ _ _ _ _ _ _ _
Answer ✔✔ Key Stakeholders _ _ _
According to the business planning Model, a business plan should build on and refine the
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _
operation plan -- Answer ✔✔ False _ _ _ _ _
Long - Range Planning should initially assume an adversarial relationship between
_ _ _ _ _ _ _ _ _ _ _
neighboring facilities that directly compete with each other. -- Answer ✔✔ True
_ _ _ _ _ _ _ _ _ _ _
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 ✔✔ Provide
_ _ _ _ _ _ _ _ _ _ _ _ _ _
a long term vision & Destination
_ _ _ _ _
Helping Establish a starting point for goals, Objectives, and related strategies is an
_ _ _ _ _ _ _ _ _ _ _ _ _
appropriate use of a SWOT analysis. -- Answer ✔✔ True
_ _ _ _ _ _ _ _ _
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? -- Answer ✔✔ Monitor 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? -- Answer ✔✔
_ _ _ _ _ _ _ _ _ _ _ _ _
Current state of the business _ _ _ _
The SWOT analysis would treat opportunities are threats as factors that usually can be
_ _ _ _ _ _ _ _ _ _ _ _ _ _
controlled by the facility. -- Answer ✔✔ False _ _ _ _ _ _ _
The Result of a SWOT analysis could be sufficient justification for the abandonment of a
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _
core business function -- Answer ✔✔ True
_ _ _ _ _ _
Staff evaluation are a relevant data source for a SWOT analysis -- Answer ✔✔ True
_ _ _ _ _ _ _ _ _ _ _ _ _ _
How might revenues be affected at a nearby daily fee course if the local tire plant has
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
major layoffs -- Answer ✔✔ Go Down (decrease)
_ _ _ _ _ _ _
Lack of a mission statement is an example of a weakness that a SWOT analysis might
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
disclose -- Answer ✔✔ True _ _ _ _
Trends in local consumer spending would be most useful for evaluating a core business
_ _ _ _ _ _ _ _ _ _ _ _ _ _
function -- Answer ✔✔ True _ _ _ _
What should govern the decision to pursue an opportunity? -- Answer ✔✔ Finances -
_ _ _ _ _ _ _ _ _ _ _ _ _ _
Barriers to entry - recourses - opportunity cost
_ _ _ _ _ _ _
Goals, Objectives & strategies -- Answer ✔✔
_ _ _ _ _ _ _
Consider the following the statement as part of the a business plan: "improve range
_ _ _ _ _ _ _ _ _ _ _ _ _ _
profits and customer satisfaction." According to the business planning course, this
_ _ _ _ _ _ _ _ _ _ _
statement is an example of an objective. -- Answer ✔✔ True
_ _ _ _ _ _ _ _ _ _
The new manager of a ten - year - old private course currently doing an average of 5, 000
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
tournament rounds per year, proposes to increase tournament rounds by 50% by the
_ _ _ _ _ _ _ _ _ _ _ _ _ _
,end of the next year. This proposal meets the criteria for an effective business objective
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _
as presented in the business planning course manual. -- Answer ✔✔ True
_ _ _ _ _ _ _ _ _ _ _
"Develop and promote group lesson programs aimed at a women and Juniors" is an
_ _ _ _ _ _ _ _ _ _ _ _ _ _
example of an effective business objectives. -- Answer ✔✔ False
_ _ _ _ _ _ _ _ _
What Important Characteristic is missing in the business Objectives. "Increase pro shop
_ _ _ _ _ _ _ _ _ _ _ _
sales next year?" -- Answer ✔✔ Measurables; How are you going to measure
_ _ _ _ _ _ _ _ _ _ _ _
Which Characteristics of goals and objectives is described as capable of being observed,
_ _ _ _ _ _ _ _ _ _ _ _ _
recorded, and measure. -- Answer ✔✔ Quantifiable _ _ _ _ _ _
What is functionally significant difference between goals and objectives? -- Answer ✔✔
_ _ _ _ _ _ _ _ _ _ _ _
goal few clearly defined targets objectives of how we get the goal.
_ _ _ _ _ _ _ _ _ _ _
A facilities financial objectives could achieved through operational strategies alone. --
_ _ _ _ _ _ _ _ _ _ _
Answer ✔✔ False _ _
The Following agenda was part of a golf range business plan."175 dozen range balls and
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _
rotate usage three times a year. Who: Head Professional. When: End of First Quarter.
_ _ _ _ _ _ _ _ _ _ _ _ _ _
Cost: $1500" According to the business plan component represented by this statement?
_ _ _ _ _ _ _ _ _ _ _ _
-- Answer ✔✔ .......
_ _ _
What is an example of a financial Strategy? -- Answer ✔✔ Borrowing Money: Debt:
_ _ _ _ _ _ _ _ _ _ _ _ _ _
Reduce operating expense. _ _
What would be the most appropriate initial response to a facility income not meeting
_ _ _ _ _ _ _ _ _ _ _ _ _ _
projections. -- Answer ✔✔ ....... _ _ _ _
Financial, Forecast, and Budgets -- Answer ✔✔_ _ _ _ _ _ _
Calculating yield involves knowing the relationship between the amount utilized and the
_ _ _ _ _ _ _ _ _ _ _ _
amount available. -- Answer ✔✔ True
_ _ _ _ _
, Gross Profit is what remains after calculating the difference between revenue and cost of
_ _ _ _ _ _ _ _ _ _ _ _ _
goods -- Answer ✔✔ True
_ _ _ _ _
Linear trend analysis and base year analysis are example of vertical analysis -- Answer
_ _ _ _ _ _ _ _ _ _ _ _ _ _
✔✔ False _
The Divisor in the linear trend formula - average percentage is the number of years of
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
change being measured. -- Answer ✔✔ True _ _ _ _ _ _
Conducting a base year analysis is a good choice for a facility that has just completed a
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
project that added nine new holes to the original 9 - hole course -- Answer ✔✔ True
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Golf Shop sales of $100,000 yield gross margin of $30,000, What is the percent of the
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
cost of goods. -- Answer ✔✔ 30%
_ _ _ _ _ _
What is the definition of "cost of goods sold" -- Answer ✔✔ Cost used to buy stock
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
If the gross target margin for your golf shop were about 40%, what would be the target
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
% for your cost of goods sold? -- Answer ✔✔ 60%
_ _ _ _ _ _ _ _ _ _
According to the business planning course manual, what is usually the largest contributor
_ _ _ _ _ _ _ _ _ _ _ _
to the bottom line profit of the facility -- Answer ✔✔ Rounds
_ _ _ _ _ _ _ _ _ _ _ _
What is the formula for Merchandise Net Operating Income? -- Answer ✔✔ Revenue
_ _ _ _ _ _ _ _ _ _ _ _ _
Generated - Operating Expense _ _ _
What events would cause a change in the forecast for the golf shop expense? -- Answer
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✔✔ _
What metric should be part of every forecast regardless of the type of the facility --
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Answer ✔✔ _ _
A Vision defines the short - Term objectives that must be accomplished in the upcoming
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _
year. -- Answer ✔✔ False_ _ _ _
UPDATED SCORES.
The Process for developing a business plan starts before you establish the goals you
_ _ _ _ _ _ _ _ _ _ _ _ _ _
would like to achieve for the shops coming year -- Answer ✔✔ True
_ _ _ _ _ _ _ _ _ _ _ _
Who should provide direction for creating the business plan at a Golf Operation --
_ _ _ _ _ _ _ _ _ _ _ _ _ _
Answer ✔✔ Key Stakeholders _ _ _
According to the business planning Model, a business plan should build on and refine the
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _
operation plan -- Answer ✔✔ False _ _ _ _ _
Long - Range Planning should initially assume an adversarial relationship between
_ _ _ _ _ _ _ _ _ _ _
neighboring facilities that directly compete with each other. -- Answer ✔✔ True
_ _ _ _ _ _ _ _ _ _ _
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 ✔✔ Provide
_ _ _ _ _ _ _ _ _ _ _ _ _ _
a long term vision & Destination
_ _ _ _ _
Helping Establish a starting point for goals, Objectives, and related strategies is an
_ _ _ _ _ _ _ _ _ _ _ _ _
appropriate use of a SWOT analysis. -- Answer ✔✔ True
_ _ _ _ _ _ _ _ _
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? -- Answer ✔✔ Monitor 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? -- Answer ✔✔
_ _ _ _ _ _ _ _ _ _ _ _ _
Current state of the business _ _ _ _
The SWOT analysis would treat opportunities are threats as factors that usually can be
_ _ _ _ _ _ _ _ _ _ _ _ _ _
controlled by the facility. -- Answer ✔✔ False _ _ _ _ _ _ _
The Result of a SWOT analysis could be sufficient justification for the abandonment of a
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _
core business function -- Answer ✔✔ True
_ _ _ _ _ _
Staff evaluation are a relevant data source for a SWOT analysis -- Answer ✔✔ True
_ _ _ _ _ _ _ _ _ _ _ _ _ _
How might revenues be affected at a nearby daily fee course if the local tire plant has
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
major layoffs -- Answer ✔✔ Go Down (decrease)
_ _ _ _ _ _ _
Lack of a mission statement is an example of a weakness that a SWOT analysis might
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
disclose -- Answer ✔✔ True _ _ _ _
Trends in local consumer spending would be most useful for evaluating a core business
_ _ _ _ _ _ _ _ _ _ _ _ _ _
function -- Answer ✔✔ True _ _ _ _
What should govern the decision to pursue an opportunity? -- Answer ✔✔ Finances -
_ _ _ _ _ _ _ _ _ _ _ _ _ _
Barriers to entry - recourses - opportunity cost
_ _ _ _ _ _ _
Goals, Objectives & strategies -- Answer ✔✔
_ _ _ _ _ _ _
Consider the following the statement as part of the a business plan: "improve range
_ _ _ _ _ _ _ _ _ _ _ _ _ _
profits and customer satisfaction." According to the business planning course, this
_ _ _ _ _ _ _ _ _ _ _
statement is an example of an objective. -- Answer ✔✔ True
_ _ _ _ _ _ _ _ _ _
The new manager of a ten - year - old private course currently doing an average of 5, 000
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
tournament rounds per year, proposes to increase tournament rounds by 50% by the
_ _ _ _ _ _ _ _ _ _ _ _ _ _
,end of the next year. This proposal meets the criteria for an effective business objective
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _
as presented in the business planning course manual. -- Answer ✔✔ True
_ _ _ _ _ _ _ _ _ _ _
"Develop and promote group lesson programs aimed at a women and Juniors" is an
_ _ _ _ _ _ _ _ _ _ _ _ _ _
example of an effective business objectives. -- Answer ✔✔ False
_ _ _ _ _ _ _ _ _
What Important Characteristic is missing in the business Objectives. "Increase pro shop
_ _ _ _ _ _ _ _ _ _ _ _
sales next year?" -- Answer ✔✔ Measurables; How are you going to measure
_ _ _ _ _ _ _ _ _ _ _ _
Which Characteristics of goals and objectives is described as capable of being observed,
_ _ _ _ _ _ _ _ _ _ _ _ _
recorded, and measure. -- Answer ✔✔ Quantifiable _ _ _ _ _ _
What is functionally significant difference between goals and objectives? -- Answer ✔✔
_ _ _ _ _ _ _ _ _ _ _ _
goal few clearly defined targets objectives of how we get the goal.
_ _ _ _ _ _ _ _ _ _ _
A facilities financial objectives could achieved through operational strategies alone. --
_ _ _ _ _ _ _ _ _ _ _
Answer ✔✔ False _ _
The Following agenda was part of a golf range business plan."175 dozen range balls and
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _
rotate usage three times a year. Who: Head Professional. When: End of First Quarter.
_ _ _ _ _ _ _ _ _ _ _ _ _ _
Cost: $1500" According to the business plan component represented by this statement?
_ _ _ _ _ _ _ _ _ _ _ _
-- Answer ✔✔ .......
_ _ _
What is an example of a financial Strategy? -- Answer ✔✔ Borrowing Money: Debt:
_ _ _ _ _ _ _ _ _ _ _ _ _ _
Reduce operating expense. _ _
What would be the most appropriate initial response to a facility income not meeting
_ _ _ _ _ _ _ _ _ _ _ _ _ _
projections. -- Answer ✔✔ ....... _ _ _ _
Financial, Forecast, and Budgets -- Answer ✔✔_ _ _ _ _ _ _
Calculating yield involves knowing the relationship between the amount utilized and the
_ _ _ _ _ _ _ _ _ _ _ _
amount available. -- Answer ✔✔ True
_ _ _ _ _
, Gross Profit is what remains after calculating the difference between revenue and cost of
_ _ _ _ _ _ _ _ _ _ _ _ _
goods -- Answer ✔✔ True
_ _ _ _ _
Linear trend analysis and base year analysis are example of vertical analysis -- Answer
_ _ _ _ _ _ _ _ _ _ _ _ _ _
✔✔ False _
The Divisor in the linear trend formula - average percentage is the number of years of
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
change being measured. -- Answer ✔✔ True _ _ _ _ _ _
Conducting a base year analysis is a good choice for a facility that has just completed a
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
project that added nine new holes to the original 9 - hole course -- Answer ✔✔ True
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Golf Shop sales of $100,000 yield gross margin of $30,000, What is the percent of the
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
cost of goods. -- Answer ✔✔ 30%
_ _ _ _ _ _
What is the definition of "cost of goods sold" -- Answer ✔✔ Cost used to buy stock
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
If the gross target margin for your golf shop were about 40%, what would be the target
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
% for your cost of goods sold? -- Answer ✔✔ 60%
_ _ _ _ _ _ _ _ _ _
According to the business planning course manual, what is usually the largest contributor
_ _ _ _ _ _ _ _ _ _ _ _
to the bottom line profit of the facility -- Answer ✔✔ Rounds
_ _ _ _ _ _ _ _ _ _ _ _
What is the formula for Merchandise Net Operating Income? -- Answer ✔✔ Revenue
_ _ _ _ _ _ _ _ _ _ _ _ _
Generated - Operating Expense _ _ _
What events would cause a change in the forecast for the golf shop expense? -- Answer
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✔✔ _
What metric should be part of every forecast regardless of the type of the facility --
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Answer ✔✔ _ _
A Vision defines the short - Term objectives that must be accomplished in the upcoming
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _
year. -- Answer ✔✔ False_ _ _ _
