Business Planning level 1 Exam UPDATED
QUESTIONS AND CORRECT ANSWERS
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 inside and outside factors have been identified. What
is the next step to be taken towards completing the plan? - CORRECT ANSWER Make
assumptions about how inside and outside
factors will affect the business.
Jason Du Pre is purchasing the Fallen Oaks Golf Course. The
business plan he presented to his banker included his history of
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 his loan application because
of missing information.
What important element is missing from Du Pre's business plan? - CORRECT
ANSWER Proposed mission statement
The process for developing a business plan starts before you
establish the goals you would like to achieve for the shop's coming
year. - CORRECT ANSWER TRUE
A vision defines the short-term objectives that must be accomplished
in the upcoming year. - CORRECT ANSWER FALSE
What is the process called when the manager reviews total rounds to
determine who is playing and when? - CORRECT ANSWER Yield Analysis
QUESTIONS AND CORRECT ANSWERS
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 inside and outside factors have been identified. What
is the next step to be taken towards completing the plan? - CORRECT ANSWER Make
assumptions about how inside and outside
factors will affect the business.
Jason Du Pre is purchasing the Fallen Oaks Golf Course. The
business plan he presented to his banker included his history of
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 his loan application because
of missing information.
What important element is missing from Du Pre's business plan? - CORRECT
ANSWER Proposed mission statement
The process for developing a business plan starts before you
establish the goals you would like to achieve for the shop's coming
year. - CORRECT ANSWER TRUE
A vision defines the short-term objectives that must be accomplished
in the upcoming year. - CORRECT ANSWER FALSE
What is the process called when the manager reviews total rounds to
determine who is playing and when? - CORRECT ANSWER Yield Analysis
