SPORT FINANCE FINAL EXAM REVIEW Questions And Answers (Verified And Updated)

SPORT FINANCE FINAL EXAM REVIEW Questions And Answers (Verified And Updated) What are at least two things all the athletes shown in the first few minutes are saying in common? - answerThey all got paid a lot of money and all spent it on expensive things What was the first thing almost all the interviewed athletes did upon getting paid? - answerThey bought expensive things they didn't need. Cars, jewelry, houses. What connection was there between business success and sports salaries? - answerBusinesses (teams) have to pay a lot to get good players in order to be a successful team and bring them money. What is the main point of the section "Bling, Bling" - answerThat there is lots of outside influence on the athletes to have certain things. The pressure to have the best clothes, jewelry, house, since they have the money and everybody knows they have that money What does keeping up with the Joneses mean? - answerThe competition of having the best cars, but they don't have that money. Getting what people don't have, wanting to have the best. What point is the director making about having multiple cars or huge entourages? - answerShowing how materialistic the industry was. Having the best cars or people. All about the image. Infer, What a guaranteed contract in the NBA or MLB means - answerThat they will get the money on their contract. NFL is only guaranteed week to week. How does being competitive actually hurt athletes off the playing field? - answerThey all want the best cars, houses, gambling, investing, so they keep spending more and more to have the best. Who are the hustlers that the documentary is referring to? - answerPeople who get the athletes to trust them and tell them its for n investment. They rarely workout, are usually scams. People who know the kind of money these athletes have. What are at least two examples of things the players are asked to invest in? - answerCar washes, clubs, music What happens when the investments dont work out? - answerThey lost money