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SMGT 3550 Questions and Correct
Answers/ Latest Update / Already Graded
Typically, owners in a specific industry compete for wealth
maximization. Owners in sport might not be interested in this goal.
Rather, they may be interested in __________.
a. Both of these answers are correct.
b. Winning championships
c. Protecting a community asset
Ans: a.
When an organization borrows money that must be paid back over
time, usually with interest, what kind of financing is being used?
a. Equity
b. Debt
All rights reserved © 2025/ 2026 |
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c. Gift
d. Retained earnings
Ans: b.
For all sport and entertainment organizations, __________ financing
may include land use, tax abatements, direct facility financing, and
infrastructure improvements.
a. Debt
b. Government
c. Equity
d. Gift
Ans: b.
This type of financing includes charitable donations, either cash or in-
kind, made to an organization and is the primary source of operating
and investing income for major college sport programs.
All rights reserved © 2025/ 2026 |
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a. Government
b. Debt
c. Gift
d. Equity
Ans: c.
The single-entity structure is used by MLB, the NBA, the NHL, and the
NFL.
True
False
Ans: False
What term is used to describe the tendency for youth sport families to
combine travel for competitions with travel for pleasure/leisure?
All rights reserved © 2025/ 2026 |
, Page |4
a. travel ball holiday
b. work/study trip
c. spring break
d. tournication
Ans: d.
Which term is used to describe "the financial decisions and activities of
an individual or household including budgeting, insurance, mortgage
planning, savings and retirement"?
a. Corporate Finance
b. Public Finance
c. Personal Finance
d. Microeconomics
All rights reserved © 2025/ 2026 |
SMGT 3550 Questions and Correct
Answers/ Latest Update / Already Graded
Typically, owners in a specific industry compete for wealth
maximization. Owners in sport might not be interested in this goal.
Rather, they may be interested in __________.
a. Both of these answers are correct.
b. Winning championships
c. Protecting a community asset
Ans: a.
When an organization borrows money that must be paid back over
time, usually with interest, what kind of financing is being used?
a. Equity
b. Debt
All rights reserved © 2025/ 2026 |
, Page |2
c. Gift
d. Retained earnings
Ans: b.
For all sport and entertainment organizations, __________ financing
may include land use, tax abatements, direct facility financing, and
infrastructure improvements.
a. Debt
b. Government
c. Equity
d. Gift
Ans: b.
This type of financing includes charitable donations, either cash or in-
kind, made to an organization and is the primary source of operating
and investing income for major college sport programs.
All rights reserved © 2025/ 2026 |
, Page |3
a. Government
b. Debt
c. Gift
d. Equity
Ans: c.
The single-entity structure is used by MLB, the NBA, the NHL, and the
NFL.
True
False
Ans: False
What term is used to describe the tendency for youth sport families to
combine travel for competitions with travel for pleasure/leisure?
All rights reserved © 2025/ 2026 |
, Page |4
a. travel ball holiday
b. work/study trip
c. spring break
d. tournication
Ans: d.
Which term is used to describe "the financial decisions and activities of
an individual or household including budgeting, insurance, mortgage
planning, savings and retirement"?
a. Corporate Finance
b. Public Finance
c. Personal Finance
d. Microeconomics
All rights reserved © 2025/ 2026 |
