Chapter 4. Sport Management. Financial Principles
Assessment
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HTL School
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Business
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University - Professional Development
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6 plays
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Medium
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Higher order questions
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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
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