Sport finance Study guides, Class notes & Summaries

what is economics? - - the study of how people choose to allocate their scare resources - what and how choices are made - how the market system functions inflation - all costs of goods and services increase demand-pull inflation - incomes increase but supply remains constant cost-push inflation - production costs increase therefore costs increase recession - - slowdown in economic activity - 2 consecutive quarters of negative economic growth as measured by a country's GDP economies of s...

why is understanding financial management important - consider constructing new facilities and their direct impact on residents, businesses, and government what is the number one issues in financial management - revenue generation what are some issues in financial management - revenue sharing, operating expenses, recreation, and event what is the science of fund management, or the management of money and other assets - finance what is the process if calculating what was earned and what was...

Sport Finance Exam 1 Questions And Answers (Verified And Updated) what is economics? - answer- the study of how people choose to allocate their scare resources - what and how choices are made - how the market system functions inflation - answerall costs of goods and services increase demand-pull inflation - answerincomes increase but supply remains constant cost-push inflation - answerproduction costs increase therefore costs increase recession - answer- slowdown in economic activity -...

Sport Finance Exam 1 Questions And Answers (Verified And Updated) what is economics? - answer- the study of how people choose to allocate their scare resources - what and how choices are made - how the market system functions inflation - answerall costs of goods and services increase demand-pull inflation - answerincomes increase but supply remains constant cost-push inflation - answerproduction costs increase therefore costs increase recession - answer- slowdown in economic activity -...

(T/F) Most Collegiate athletic Programs are losing money - Answer-True Continuous building of bigger and better facilities for the sole purpose of landing key recruits. (Salaries, travel, uniforms/merchandise, television/network deals, scholarships) - Answer-Arms Race -NCAA Television Deals (March Madness) -Conference Television Deals (Football, mbb) - Answer-Revenue Distribution Avenues companies pay to associate their products and services with NCAA or conferences - Answer-Corporate Spon...

Finance - Answer-Science of fund management Financial Sectors (3) - Answer-Money/Capital markets, investments, financial management Money Markets - Answer-Highly liquid, short-term securities. Investments - Answer-Security choices made by individual and institutional investors as they build portfolios Ex. Merrill Lynch and Edward Jones Financial Management - Answer-Requires financial department. Must forecast revenue and plan future expenses Differences with sports than other industries -...

New trend in global sports - Answer--Sports Market in North America will grow. (71.1 B in 2018 to 83.1 B in 2023) -Revenue Sources -Gambling -New stadiums Four Major Revenue Sources - Answer-1.) Media rights 2.) Gate Revenue 3.) Sponsorship 4.) Merchandising Sports gambling industry - Answer--The sport gambling industry has been transformed and is the most significant catalyst shaping today's sports market Facility Capital Funding/Financing - Answer--The industry is reaching the end ...

reasons why destinations find sporting events appealing - increased community visibility, stimulation development, entertainment for residents, psychic impact the primary motivation to host sporting events - economic impact where does the economic mat come from? - money originating from outside the region and money that stays in the local community what are the three types of economic impact? - direct, indirect, and induced direct economic impact - the direct consequences of TOURISTS spend...

When an organization borrows money that must be paid back over time, usually with interest, __________ financing is being used. - Answer-Debt Under this sport franchise ownership model, __________ is the most common model of team ownership - Answer-Multiple owners/private investment syndicate model Of the following statements regarding the Arts, Entertainment, and Recreation segment (NAICS 71) of our economy, which of the following is true? - Answer-Rising incomes and increasing leisure tim...

SM 370 Sport Finance Exam 1 Questions With 100% Correct Answers New trend in global sports - answer-Sports Market in North America will grow. (71.1 B in 2018 to 83.1 B in 2023) -Revenue Sources -Gambling -New stadiums Four Major Revenue Sources - answer1.) Media rights 2.) Gate Revenue 3.) Sponsorship 4.) Merchandising Sports gambling industry - answer-The sport gambling industry has been transformed and is the most significant catalyst shaping today's sports market Facility Capita...