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PGA Merchandising Exam Questions And
Answers 2025 Update.
How does the facility's overall vision and core values help the retail manager? - Answer✔Helps
the manager better understand the facility's constituents and market.
For which purpose are the facility's core values and vision going to be most useful to the retail
manager? - Answer✔To help fine tune the image of the retail operation to match its desired
customer base.
What should increase in the retail operation to add value? - Answer✔customer service
The end of month inventory target for May is the same as the COGS for June (T/F) -
Answer✔False
The cost of goods sold can be calculated if both the turnover rate and average inventory are
known. - Answer✔True
The BOMI predicts the dollar value of inventory needed at the beginning of each month to
reach monthly sales goals. - Answer✔False, Average Inventory
The higher the turnover rate, the more inventory you need on hand to reach the same sales
targets. (T/F) - Answer✔False
Knowing the previous year's sales volume is sufficient to accurately forecast sales. -
Answer✔False
Inventory should arrive one to two months prior to the anticipation of sales (T/F) -
Answer✔True
The Golf Professional has projected $310,000 in annual merchandise sales. $205,000 for COGS,
and a Turnover rate of 2.5. What is the average inventory level at cost? - Answer✔$82,000
(Cost of Goods Sold/Projected Turn Rate = Average Inventory Level)
What is the formula for Cost of Goods Sold? - Answer✔BOMI + New Inventory Purchased -
EOMI = COGS
In an Open-to-Buy plan, the sales estimates and the cost of goods estimates come from what
other business management tool? - Answer✔Operating Budget
1
PGA Merchandising Exam Questions And
Answers 2025 Update.
How does the facility's overall vision and core values help the retail manager? - Answer✔Helps
the manager better understand the facility's constituents and market.
For which purpose are the facility's core values and vision going to be most useful to the retail
manager? - Answer✔To help fine tune the image of the retail operation to match its desired
customer base.
What should increase in the retail operation to add value? - Answer✔customer service
The end of month inventory target for May is the same as the COGS for June (T/F) -
Answer✔False
The cost of goods sold can be calculated if both the turnover rate and average inventory are
known. - Answer✔True
The BOMI predicts the dollar value of inventory needed at the beginning of each month to
reach monthly sales goals. - Answer✔False, Average Inventory
The higher the turnover rate, the more inventory you need on hand to reach the same sales
targets. (T/F) - Answer✔False
Knowing the previous year's sales volume is sufficient to accurately forecast sales. -
Answer✔False
Inventory should arrive one to two months prior to the anticipation of sales (T/F) -
Answer✔True
The Golf Professional has projected $310,000 in annual merchandise sales. $205,000 for COGS,
and a Turnover rate of 2.5. What is the average inventory level at cost? - Answer✔$82,000
(Cost of Goods Sold/Projected Turn Rate = Average Inventory Level)
What is the formula for Cost of Goods Sold? - Answer✔BOMI + New Inventory Purchased -
EOMI = COGS
In an Open-to-Buy plan, the sales estimates and the cost of goods estimates come from what
other business management tool? - Answer✔Operating Budget
1
