Question 1 Golf course soil testing is primarily concerned with these elements: [ ] Nitrogen, Phosphorous, Water [ ] Nitrogen, Oxygen, Hydrogen [ ] Potassium, Phosphorus, Nitrogen Question 2 True Transformational leaders do not motivate, they simply usher major changes. False Question 3 True To be successful in the long-term, a manager should -- among other things, avoid using his or her club. False Question 4 Managers do the right things and leaders do things right. [ ] True I False Question 5 True Non-equity clubs are owned by management companies are governed by owners and managers. False Question 6 A club manager pays $3,000 of a [ Pay to retain $10,000 band contract to play at a [ ] Prepaid expense future party in the following fiscal year. I Good will payment This is considered a: [ Paying ahead is not advisable Question 7 A club purchased a $10,000 diesel [ ] $1,000 tractor whose usable life is 12 years. [ ] $12,000 What is the annual depreciation amount ($834 assuming simple straight-line [ $1,200 depreciation? Question 8 Cost of Goods sold is equal to: [ ] Inventory Turnover x Average Inventory [ ] Sales - Actual costs x 100% Revenue + Expenses