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Business
University -
Professional Development
Chapter 4. Sport Management. Financial Principles
10 questions
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- 1. Multiple Choice
The concept of _______ is probably the best single measure of an industry's impact
aggregate market value of firms in industry
value-added
total output
total spending
- 2. Multiple Choice
______ is/are anything that an organization owns that can be used to generate future revenues
Liabilities
Owners' equity
Bonds
Assets
- 3. Multiple Choice
Which statement concerning the tradeoff between financing through debt or equity is true?
Generally, financing with debt carries more risk than equity
Generally, financing with debt is more expensive than equity
Both A & B
Neither A nor B
- 4. Multiple Choice
The increase in ticket prices in all leagues in recent years reflects
consumers' increased affluence
the growing popularity of sport
decreased regulation on ticket scalping
All of the above
- 5. Multiple Choice
The philosophy behind a "hard" salary cap is to
constrain all franchises to spend the same amount on payroll
change the behavior of high-payroll teams
share certain types of revenue amongst all franchises
All of the above
- 6. Multiple Choice
Where revenue sharing may be effective as a tool to improve competitive balance is when it is used in conjunction with a ________
luxury tax
reverse-order draft
soft salary cap
hard salary cap
- 7. Multiple Choice
Which league has seen the most dramatic growth in TV revenues over the last 15 years?
NHL
NFL
NBA
MLB
- 8. Multiple Choice
When organizations borrow, they are legally obligated to pay back _____, plus ______
interest, expenses
the principal, interest
debt, liabilities
bonds, the principal
- 9. Multiple Choice
Which league has the highest credit rating in sports?
NFL
NBA
MLB
NHL
- 10. Multiple Choice
In spectator sports, stadium construction projects are often financed with _____
expenses
interest
equity
bonds
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