Chapter 02: Sports and Entertainment Means Business Concept Map of Unit Process of business concepts for sorts and entertainment Key Learning(s) Understand the business of sports and entertainment Unit Essential Question How are business concepts displayed in sports and entertainment?

Student Learning Map - LEQs Sports and Entertainment Economics Risk Management Business Ethics Financial Analysis Lesson Essential Question(s) How can profit motive be an advantage and disadvantage within a business? What are large sources of revenue for the film industry? How does economic utility help the consumer? What are the categories and classifications of risk? What is meant by a controllable risk? What are the four strategies for risk management? What is ethics? How does a person’s character develop? What is the impact of unethical behavior? How can the bad behavior of celebrities be controlled? What are three sources of funding and revenue for sports and entertainment businesses? What four tools are used for financial analysis? How? What is the purpose of a forecast?

Student Learning Map - Vocabulary Sports and Entertainment Economics Risk Management Business Ethics Financial Analysis Revenue Profit Profit motive Economic utility Economics Macroeconomics Microeconomics Liable Risk management Premium Risk retention Character development Principles Return on Investment (ROI) Budget Financing Forecast Assets Balance sheet Income statement Liabilities Net worth