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All sports organizations have a goal of making a profit. In fact, they must make a profit in order to stay in business. However, there
All sports organizations have a goal of making a profit. In fact, they must make a profit in order to stay in business. However, there are times that an organization gets into a situation where the profit is in jeopardy and they are in danger of having a loss. Explain how the organizations leaders can respond to the financial problems in order to avoid showing a loss. What internal controls can be implemented in order to help avoid financial problems?
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