SPMT 260 Exam 2 Questions with Verified Solutions Latest Version 2025 (Rated A+)
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SPMT 260 Exm 2
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SPMT 260 Exm 2
SPMT 260 Exam 2 Questions with Verified Solutions Latest Version 2025 (Rated A+)
The sport industry is a ________ dollar industry - Answers multibillion
_______ aspects of sport industry shown in the media can seem staggering to the average person - Answers financial
Sport industry is definitely...
SPMT 260 Exam 2 Questions with Verified Solutions Latest Version 2025 (Rated A+)
The sport industry is a ________ dollar industry - Answers multibillion
_______ aspects of sport industry shown in the media can seem staggering to the average person -
Answers financial
Sport industry is definitely a major force in North American business, though it is difficult to
___________ - Answers get an accurate, reliable measure of its magnitude
________ boom has created a great need for _______ - Answers financial; people with training in
finance
There is a difference between _______ - Answers an industry's sales and its value-added
what is more accurate? industry's sales or its value-added - Answers -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 - Answers cost of raw materials and
manufacturing
no universally agreed upon definition of - Answers finance
finance generally refers to two primary activities of an organization: - Answers 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 - Answers Funds raised by an organization through a variety of sources including tickets,
merchandise, services, and sponsorships
expenses - Answers Funds spent to operate an organization such as salaries, equipment, utilities, food,
travel, and insurance
profit - Answers More revenues than expenses
profit can be enhanced by - Answers by increasing revenues, decreasing costs, or both
Income statement - Answers statement of activity or profit and loss
-Summarizes an organization's revenues, expenses, and profits over a given time period
assets - Answers Anything an organization owns that can be used to generate future revenues (facility,
equipment)
Teams can fund or "finance" _____ in many ways - Answers assets
, Owners' equity - Answers The amount of their own money owners have invested in the firm
debt - Answers Money an organization borrows (bonds)
assets examples - Answers -owners' equity
-debt
-franchise ownership groups
-corporate conglomerates
-public traded sport companies
Anschutz Entertainment Group (AEG) - Answers 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 - Answers NHL Philadelphia Flyers, ECHL Marine Mariners, minor league baseball
team in Maryland
Liberty Media - Answers MLB Atlanta Braves
Madison Square Garden Company - Answers 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) - Answers
NHL Toronto Maple Leafs, NBA Toronto Raptors, MLS Toronto FC, AHL Toronto Marlies, NBA D-League
Raptors 905
Rogers Communications - Answers Toronto Blue Jays, part owner of Maple Lead Sports and
Entertainment
companies traded on NASDAQ - Answers -big five
-churchill downs
-electronic arts
-international speedway corp
-town sports international
companies traded on NYSE - Answers -callaway golf
-madison square garden
-nike
-vail resorts
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