The differing objectives of owners in sport can harm the competitive balance in a league. Which of the following methods that leagues have implemented to create both competition between franchises on the field and cooperation regarding financial management off the field?

		Salary constraints and revenue sharing
		Media contracts and TV deals
		International games and conferences

Risk-free investments are short-term investments deemed to have no chance of loss. For example, _____ with a 90-day maturity are backed by the federal governments guarantee to pay.

		U.S. Treasury securities
		municipal securities
		corporate bonds
		mortgage backed securities
		None of the above.

Which of the following statement is NOT true regarding changes in stock prices?

		The stock price goes up because another person thinks the stock is more valuable than what the owner paid.
		If the profit improves, the company may pay more dividends to shareholders in the future.
		The point of owning a share of stock (or ownership in a company) is to share in any profit that is made.
		The news that has been anticipated in the market will change the stock prices.
		None of the above.