Chapter 7: Debt and Equity Financing

Which sport league prohibits the publicly traded ownership model (with the exception of one team in the league)?

1. National Basketball Association (NBA)

2. Major League Baseball (MLB)

3. National Football League (NFL)

4. Major League Soccer (MLS)

5. National Hockey League (NHL)

Chapter 7 Debt and Equity Financing

Of the following, which is an indirect source of government financing? Most sports organizations take advantage of this type of government funding because it can add to their cash on hand each year.

1. Tax abatements

2. Sales tax revenue

3. Tourism tax revenue

4. Lottery proceeds

Chapter 6: Budgeting

To set appropriate ticket prices, athletic directors must consider the strength of their schedule, their advertising budget, other factors, they must estimate sales volume. Then based on estimates of demand at various prices, they select the appropriate ticket price. This forecast is example of __________ because it is based on projecting future sales.

1. Expense budget

2. Cash budget

3. Capital expenditure budget

4. Revenue budget

5. Fixed asset budget