SPTM 314 Final Exam Review – Study Guide, Lecture Notes, and Practice Questions for Exam
Preparation
How many steps are there when conducting an economic impact assessment/study? - ANS
✔✔4
Which is the most valuable way to gain information from an economic impact
assessment/study? - ANS ✔✔On site
Who said teach you how to think, NOT what to think? - ANS ✔✔Tim Scott
In an economic impact assessment/study you are looking for what? - ANS ✔✔New Money
The short term impact is calculated through the determination of what three subcategories? -
ANS ✔✔Direct, Indirect, Induced
What type of multiplier is the largest? - ANS ✔✔Sales
First steps in conducting an economic impact study is to determine the __________ &
___________ - ANS ✔✔Purpose and Scope
Changes in level of activity in one industry could bring about change in level of activity in
another industry is called? - ANS ✔✔Multiplier Effect
One benefit of hosting a sporting event for a city/town or state is? - ANS ✔✔Community
Visibility
An industry can be defined according to two criteria what are they? - ANS ✔✔Similarity of
products, similarity of economic activity
, Meeks model divided sports into how many sectors? - ANS ✔✔3
How many entities supply sport? - ANS ✔✔3
Sports commissions are valuable entities to the state and local community why? - ANS ✔✔-
Brings pride to the local community
-Bring New Money into the area
-Visibility to the area
The most common bond used to fund stadiums is? - ANS ✔✔Government Bonds
The ____________ effect in the short is the idea that peoples' spending on attending sporting
events is in lieu of spending on other activities in the city? - ANS ✔✔Substitution
The demand for live sports is considered to be? - ANS ✔✔Inelastic
An advantage of bond financing for stadiums is? - ANS ✔✔Strong, established market for
trading and issuing bonds
Bonds are the primary source for obtaining funds to be a sport facility - ANS ✔✔True
General Obligation Bonds are often highly rated since currently existing and future tax revenue
sources can be trapped for repayment - ANS ✔✔True
Bonds are rated based on what three characteristics. - ANS ✔✔Strength of company,
municipality and if they ever have defaulted on prior bonds
Preparation
How many steps are there when conducting an economic impact assessment/study? - ANS
✔✔4
Which is the most valuable way to gain information from an economic impact
assessment/study? - ANS ✔✔On site
Who said teach you how to think, NOT what to think? - ANS ✔✔Tim Scott
In an economic impact assessment/study you are looking for what? - ANS ✔✔New Money
The short term impact is calculated through the determination of what three subcategories? -
ANS ✔✔Direct, Indirect, Induced
What type of multiplier is the largest? - ANS ✔✔Sales
First steps in conducting an economic impact study is to determine the __________ &
___________ - ANS ✔✔Purpose and Scope
Changes in level of activity in one industry could bring about change in level of activity in
another industry is called? - ANS ✔✔Multiplier Effect
One benefit of hosting a sporting event for a city/town or state is? - ANS ✔✔Community
Visibility
An industry can be defined according to two criteria what are they? - ANS ✔✔Similarity of
products, similarity of economic activity
, Meeks model divided sports into how many sectors? - ANS ✔✔3
How many entities supply sport? - ANS ✔✔3
Sports commissions are valuable entities to the state and local community why? - ANS ✔✔-
Brings pride to the local community
-Bring New Money into the area
-Visibility to the area
The most common bond used to fund stadiums is? - ANS ✔✔Government Bonds
The ____________ effect in the short is the idea that peoples' spending on attending sporting
events is in lieu of spending on other activities in the city? - ANS ✔✔Substitution
The demand for live sports is considered to be? - ANS ✔✔Inelastic
An advantage of bond financing for stadiums is? - ANS ✔✔Strong, established market for
trading and issuing bonds
Bonds are the primary source for obtaining funds to be a sport facility - ANS ✔✔True
General Obligation Bonds are often highly rated since currently existing and future tax revenue
sources can be trapped for repayment - ANS ✔✔True
Bonds are rated based on what three characteristics. - ANS ✔✔Strength of company,
municipality and if they ever have defaulted on prior bonds
