SPMT 260 Exam 2 Questions With Correct
Answers A+
The sport industry is a ________ dollar industry - Answermultibillion
_______ aspects of sport industry shown in the media can seem staggering to the average person
- Answerfinancial
Sport industry is definitely a major force in North American ...
The sport industry is a ________ dollar industry - Answer✔multibillion
_______ aspects of sport industry shown in the media can seem staggering to the average person
- Answer✔financial
Sport industry is definitely a major force in North American business, though it is difficult to
___________ - Answer✔get an accurate, reliable measure of its magnitude
________ boom has created a great need for _______ - Answer✔financial; people with training
in finance
There is a difference between _______ - Answer✔an industry's sales and its value-added
what is more accurate? industry's sales or its value-added - Answer✔-Value-added is a more
accurate statistic
-bc cost of raw materials and manufacturing are considered when calculating value-added
Cost ____ and ____ are considered when calculating value-added - Answer✔cost of raw
materials and manufacturing
no universally agreed upon definition of - Answer✔finance
finance generally refers to two primary activities of an organization: - Answer✔1. How an
organization generates the funds that flow into that organization
2. How these funds are allocated and spent once they are in the organization
revenues - Answer✔Funds raised by an organization through a variety of sources including
tickets, merchandise, services, and sponsorships
expenses - Answer✔Funds spent to operate an organization such as salaries, equipment, utilities,
food, travel, and insurance
profit - Answer✔More revenues than expenses
profit can be enhanced by - Answer✔by increasing revenues, decreasing costs, or both
Income statement - Answer✔statement of activity or profit and loss
-Summarizes an organization's revenues, expenses, and profits over a given time period
assets - Answer✔Anything an organization owns that can be used to generate future revenues
(facility, equipment)
Teams can fund or "finance" _____ in many ways - Answer✔assets
Owners' equity - Answer✔The amount of their own money owners have invested in the firm
debt - Answer✔Money an organization borrows (bonds)
assets examples - Answer✔-owners' equity
-debt
-franchise ownership groups
-corporate conglomerates
-public traded sport companies
Anschutz Entertainment Group (AEG) - Answer✔MLS Los Angeles Galaxy, ECHL Ontario
Reign, European hockey and soccer teams, part of the NGL Los Angeles Kings and NBA Los
Angeles Lakers
Comcast-Spectator - Answer✔NHL Philadelphia Flyers, ECHL Marine Mariners, minor league
baseball team in Maryland
Liberty Media - Answer✔MLB Atlanta Braves
Madison Square Garden Company - Answer✔NHL New York Rangers, NBA New York
Knicks, WNBA New York Liberty, NBA D-League Westchester Knicks, AHL Hartford Wolf
Pack
Maple Leaf Sports and Entertainment (owned by Rogers Communication and Bell Canada) -
Answer✔NHL Toronto Maple Leafs, NBA Toronto Raptors, MLS Toronto FC, AHL Toronto
Marlies, NBA D-League Raptors 905
Rogers Communications - Answer✔Toronto Blue Jays, part owner of Maple Lead Sports and
Entertainment
companies traded on NASDAQ - Answer✔-big five
-churchill downs
-electronic arts
-international speedway corp
-town sports international
companies traded on NYSE - Answer✔-callaway golf
-madison square garden
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