FINANCE AND ECONOMICS IN THE SPORTS INDUSTRY

 Producers are willing to sell more than consumers are willing to buy, it is referred to as?

When people want more of a sport product than is produced is know as a basic economic problem?

Which of the following is an expense typically incurred by sport organizations? 

Percentage of schools were costs exceed revenues is greatest at the division one level schools

Accounts payable, ticket refunds payable are considered on a balance sheet as______?

Sport Industry has shown tremendous growth, it is immune to fluctuations in the global economy?

Consumers will demand less of a product as price increases and will demand more as prices drop?

Economics can be applied to almost any human action?

Revenues and Expenses are two categories you would find on any sport organizations?

A sport management degree will help you obtain  a career in finance in a sport organization?

A study helpful measuring the increase in revenues, taxes, jobs to a sport event or facility?

Most collegiate athletic programs,at any  level, do not produce enough revenue to cover costs? 

Private donations, sponsorships, television rights some sources of revenue for sports?

What the relationship between product price and amount of product suppliers will produce/sell?

The price  at which the quantity demanded equals the quantity supplied is referred to as?

The NFL doesn’t share revenue  from national TV rights fees and merchandise sales?

The study of the behavior of individual businesses and households using economic theories is?

National TV, Road Games, Home Games, Private box income, local media are considered?

After the revenues and expenses are determined,the money left on the balance sheet is called?

Cash and Marketable securities are considered an ______on a balance sheet for an organization?