Catch All Sports and Entertainment Economics Risk Management Finances Ethics 500
The study of economics of an entire society is referred to as…
Macroeconomics
Revenues > Expenses
Profits
The amount of satisfaction people believe they receive from entertainment is referred to as…
Economic Utility
What are the four types of economic utility?
Form Place Possession Time
How much revenue was brought in by the NFL during the 2007 season?
Excess of $5.5 billion
_______ is the possibility of financial loss or gain, or personal injury.
Risk
This category of risk includes conditions that cannot be controlled.
Natural Risk
This classification of risk involves a loss that can be prevented or reduced in frequency.
Controllable Risk
What are the three categories of risk?
Natural Human Economic
This type of risk is used to classify a chance that a loss could occur but the dollar amount cannot be estimated.
Uninsurable risk
According to the Forbes list, what NFL team is ranked #1 for team value?
Dallas Cowboys
The first singer to have bonds issued based on future earnings for his music.
David Bowie
The name of the intelligence test used in the NFL and other industries used to measure the aptitude of prospective employees
Wonderlic
The strategy of risk management used by an event organizer when there is a statement on the back of an event ticket saying that the promoter is not responsible for any harm to the ticket holder.
Risk Transfer
The most expensive cost category for the movie, Lara Croft Tomb Raider, The Cradle of Life
Production costs
_____________ studies the relationships between individual consumers and producers.
Microeconomics
Forecasting involves…
Predicting Costs and Revenues
The _______ shows assets, liabilities, and net worth.
Balance Sheet
ROI stands for?
Return on Investment
What three things will a potential investor want to look at?
Forecasts Budgets Financial Statements
_________ are a system of what is right and wrong in a reasoned and impartial manner.
Ethics
High standards or guidelines are referred to as ____________.
Principles
__________can be divided into three stages in which people advance from childish behavior to mature responsible behavior based on principles
Character Development
The amount in fines assessed by the NBA during the season.
$13.9 million
The Olympic track and field athlete who had to return medals and serve jail time because of lying about taking steroids
Marion Jones
Category Franchise Owners
Final Jeopardy
How many shares of Green Bay Packer stock have been issued? (You can be off by 300,000 either way)
4.7 million