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SCC's Sports Business Fundamentals Review Flashcards | StudBud
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SCC's Sports Business Fundamentals Review
SCC's Sports Business Fundamentals Review
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Questions
15
Answers
1
Why do networks invest billions in sports media rights?
It is required by law for them to air sports
It helps reduce their overall expenses
Live sports attract more viewers than any other type of programming
They want to give fans free access to every game
2
What do TV ratings measure?
The number of people watching a program
The number of points scored in a game
The price of tickets at a stadium
The number of commercials shown
3
What does “exclusivity” in a broadcast deal mean?
Only one network or streaming service can air certain games
A single player is the focus of the broadcast
Fans can watch games on any channel they choose
Games are only available to season ticket holders
4
Why have professional sports team values exploded over the last decade?
Every team now owns its own TV network
The supply of teams is limited, but demand continues to grow
Fans are buying more tickets than ever
The cost of sports equipment has significantly dropped
5
What is the biggest annual expense for most professional sports teams?
Coaching staff salaries
Team travel costs
Stadium maintenance
Player payroll
6
What is a Regional Sports Network (RSN)?
A national network that airs every game
A government-funded sports channel
A network that only broadcasts high school sports
A local network that buys rights to show games in a specific market
7
Why are ticket sales important for sports franchises?
Fans are required to buy multiple tickets per game
Most teams only make money from TV deals
They have always been a primary source of revenue
Every team gives away free tickets to increase attendance
8
How do most college athletic programs generate revenue?
Player salaries and merchandise sales
Ticket sales alone
Fundraising, donations, and broadcast rights
Broadcast rights and government funding
9
What is an expense in sports business?
The cost incurred to generate revenue
The total money a team makes
The amount of money teams give to players as bonuses
A profit earned by a sports franchise
10
What are broadcast rights?
A rule requiring teams to play at least 10 games per season
The ability for any network to show a game for free
Contracts that determine how many fans can attend games
Legal agreements that allow a company to air and distribute content
11
What is revenue in sports business?
The total amount a team spends on player salaries
The number of fans attending a game
The amount a team donates to charity
The income generated from an organization’s business operations
12
How can a team determine if it made a net profit or a net loss?
By looking at TV ratings
By comparing revenue to expenses in its income statement
By checking the price of game tickets
By counting the number of fans at each game
13
What is included in matchday revenue?
TV broadcast rights
Advertising and player salaries
Ticket sales, premium seating, concessions, and hospitality
Only ticket sales
14
What has become the largest source of revenue for most professional teams?
Merchandise sales
Broadcast rights
Stadium parking fees
Ticket sales
15
What is a work stoppage in professional sports?
When a stadium closes for repairs
When players or owners halt league operations due to labor disputes
When a league cancels games due to weather
When a team refuses to sign new players
