PGA PGM 3.0 Level 1 Test | 447 Questions with 100% CORRECT ANSWERs | 100 Pages
Question : The Process for developing a business plan starts
before you establish the goals you would like to achieve for the shops coming year
CORRECT ANSWER : True
Question : Who should provide direction for creating the
business plan at a Golf Operation
CORRECT ANSWER : Key Stakeholders
Question : According to the business planning Model, a
business plan should build on and refine the operation plan
CORRECT ANSWER : False
Question : Long - Range Planning should initially assume an
adversarial relationship between neighboring facilities that directly compete with each other.
CORRECT ANSWER : True
Question : What is the usual business destination for long
range planning?
CORRECT ANSWER : 3-5 years Achieve its vision
Question : what is the most significant benefit of strategic
business Planning.
CORRECT ANSWER : Provide a long term vision &
Destination
Question : Helping Establish a starting point for goals,
Objectives, and related strategies is an appropriate use of a SWOT analysis.
CORRECT ANSWER : True
Question : 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?
CORRECT ANSWER : Monitor Performance
Question : 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?
CORRECT ANSWER : Current state of the business
Question : The SWOT analysis would treat opportunities are
threats as factors that usually can be controlled by the facility.
CORRECT ANSWER : False
Question : The Result of a SWOT analysis could be sufficient
justification for the abandonment of a core business function
CORRECT ANSWER : True
Question : Staff evaluation are a relevant data source for a
SWOT analysis
CORRECT ANSWER : True
Question : How might revenues be affected at a nearby daily
fee course if the local tire plant has major layoffs
CORRECT ANSWER : Go Down (decrease)
Question : Lack of a mission statement is an example of a
weakness that a SWOT analysis might disclose
CORRECT ANSWER : True
Question : Trends in local consumer spending would be most
useful for evaluating a core business function
CORRECT ANSWER : True
Question : What should govern the decision to pursue an
opportunity?
CORRECT ANSWER : Finances - Barriers to entry -
recourses - opportunity cost