NCPGA Professional Development Hour Webinar Quiz
July 2024
You must get 80 points to pass. Each question is worth 20 points. If you don't pass you can take the quiz again until you pass. Once you have passed, your 1 Education PDR will be posted within 7 days of completing the quiz. If you have any questions please reach to the Northern California PGA Team.
1. Economics is a discipline focused on the ________ allocation of scarce resources that have ___________.
excess; alternate uses
optimal; alternate uses
minimal; one use
wide; single use
2. There is a trade-off in every decision a leader makes. What we give up constitutes the _______________ of a decision
opportunity cost
transaction cost
sunk cost
decision cost
3. If the marginal cost is greater than the marginal benefit, then the leader should invest resources into that effort.
True
False
4. Leaders should seek to minimize each teammates' opportunity cost by maximizing their ______________.
uncertainty
comparative advantage
weaknesses
shortcomings
5. If you provide a junior leader with more ________________, then you are signaling that you _____________ them.
freedom; trust
rules; trust
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