SM Chapter 4

The concept of ______ is probably the best single measure of an industry's impact. A. total output B. total spending C. aggregate market value of firms in industry D. value added

Which of the following most accurately defines the managerial discipline of finance? A. How an organization generates the funds that flow into the organization. B. How an organization allocates its funds once they are in the organization C. Any decision relating to money D. A and B are correct. E. All of these are correct

In a basic sense, the financial success of an organization is ultimately dependent on A. revenues B. sales C. profits D. expenses E. A and B are correct.

All of the following are examples of publicly traded sport companies except A. Electronic Art. B. Nike.. C. University of Notre Dame athletic department. D. Callaway Golf. E. All of these are publicly traded sport companies

As chronicled in the book Moneyball, the strategy employed by the small-market Oakland A's general manager Billy Beane to better compete with large-market teams by identifying and acquiring undervalued players is an example of an organization maximizing its ______. A. revenues B. tax breaks C. athlete endorsements D. return on investment

Which financial statement measures the financial performance of an organization over a specified time period, usually a year? A. Statement of cash flows B. Income statement C. Balance sheet D. Financial ledger

In which American major league sport has a rival league NOT emerged since World War II? A. Baseball B. Basketball C. Football D. Hockey

The increase in ticket prices in all leagues in recent years reflects A. consumers' increased affluence. B. decreased regulation on ticket scalping. C. the growing popularity of sport. D. A and C are correct. E. All of these are correct.

Increased revenue in spectator sports has come from A. gate receipts. B. broadcast contracts. C. stadium naming rights. D. B and C are correct. E. All of these are correct.

Which league has the highest credit rating in sports? A. MLB B. NFL C. NBA D. NHL