Exam One Sport Finance APA version 6 citation is required after each response 1. Examine the implications of TSA's bankruptcy and what impact it might have had on others in the sport industry. Take a close look at how TSA's bankruptcy specifically affected sports apparel companies such as Under Armour. Students should examine various online articles concerning TSA and Under Armour to learn more about the bankruptcy's impact. What should Under Armour have done to protect itself from financial circumstances out of its control? 2. Provide three specific examples of how stadium subsidies can positively influence a local community. 3. What variables will continue to drive up the market value of sports franchises? 4. What is the difference between accounting and finance? 5. Briefly explain the differences among a balance sheet, a cash flow statement, and an income statement. 6. Create a list of all your current assets and liabilities. Examine each asset and ask yourself if you are appropriately leveraging it. Can you find a way to reduce some of your liabilities? 7. What are the primary revenue sources for a nonprofit sports organization? 8. What are the differences between revenues at a Division I program and a Division III program? 9. Explain how free agency in professional sport has increased salary expenditures for professional sports teams. 10. Explain how increased technology has aided sports organizations in minimizing expenses. 11. Explain the difference between the structure of American professional sports leagues' costs and expenses and European leagues' costs and expenses. 12. Explain the objectives of a collective bargaining agreement and how it serves the owners and players of a league. 13. Explain how the NCAA supports college athletics funding. 14. How are athletic departments able to cover expenses when they are losing revenue? 15. What key items need to be documented so that a business can accurately analyze its financial performance?

16. What are some of the difficulties that can be encountered when trying to project the future profitability of a team-sport franchise? 17. What things can prevent a team from meeting its budget projections? 18. Discuss a short-term plan for a perennially losing team and identify specific steps that could be taken to increase income or generate victories. 19. Discuss a long-term plan for a perennially losing team and identify specific steps that could be taken to increase income or generate victories. 20. Document the process for ease in launching the next budgetary cycle