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PGA Level 1 Facility Management 2022/23 ( questions with 100% correct answers)

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PGA Level 1 Facility Management 2022/23 ( questions with 100% correct answers)T/F The process for developing a business plan starts before you establish the goals you would like to achieve for the sh... op's coming year. - ✔✔True Who should provide direction for creating the business plan at a golf operation - ✔✔Key Stakeholders T/F Long range planning should initially assume an adversarial relationship between neighboring facilities that directly compete with eachother - ✔✔True T/F According tho the Business Planning Model, a business plan should build on and refine the operational plan. - ✔✔False What is the usual business destination for long-range planning - ✔✔3-5 Years; Achieve its vision What is the most significant benefit of strategic business planning - ✔✔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 - ✔✔True T/F Financial forecasts should be based on historical data derivied from a linear trend analysis - ✔✔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. - ✔✔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? - ✔✔Current State of Business T/F A vision defines the short term objectives that must be accomplished in the upcoming year - ✔✔False T/F A facility profile defines the overall culture of the business - ✔✔True [Show More]

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