NASCAR EXAM 1 QUESTIONS AND ANSWERS ALREADY PASSED
Nascar - Answers sanctioning body
France and Smith Families own almost all tracks
Toyota, Ford, Chevy
fastest growing
growth rate 9%
over $6 million paid admittance
73 million watched cup races on TV
hard core fans
promotes best demographics in sport
mergers create a financial risk
family firms only spend 2%
independent tracks - Answers dover, Pocono, Indianapolis
Family businesses - Answers -enterprises with two or more members of a family involved in
ownership and control of an enterprise
-can be public or private
-90% of companies are family businesses
-family is major owners or managers
-commitment to continuation of business
-family members lead organization by CEO, Chairman
-intetgenerational transfers
-strategic patience
-more conservative about finances
-family firms cary less debt
Charlotte raceway - Answers most innovative, the oval, road course
3 circle framework - Answers family, ownership, business/management
, 3D model - Answers ownership, family, business
stages of family business - Answers controlling owner- sibling partnership-cousin consortium-
family federation
cousin consortium - Answers family, larger, more diverse
Warren Buffet - Answers $87.3 million net worth
multinational holding company
most expensive stock
Geico- official insurance sponsor
Berskire Hathaway
Marriott International - Answers $6.9 billion
J Willard Marriott
sibling partnership
marketing partnership with Mercedes
France Family - Answers $5.7 billion
Billy France Sr
Jim France-CEO and Chairman
cousin consortium
Owns all ISC affiliated tracks
-Auto Club, Chicagoland, Darlington, Daytona, Homestead-Miami, Kansas, Martinsville, Michigan
International ,Richmond, Route 66, Talladega, Watkins Glen
currently owns NASCAR and founded it
Pilot Flying J - Answers founded by O.Jay Call
control/owner stage
$29 billion in revenue
ranked 10th on Forbes
Petty - Answers $65 million
Nascar - Answers sanctioning body
France and Smith Families own almost all tracks
Toyota, Ford, Chevy
fastest growing
growth rate 9%
over $6 million paid admittance
73 million watched cup races on TV
hard core fans
promotes best demographics in sport
mergers create a financial risk
family firms only spend 2%
independent tracks - Answers dover, Pocono, Indianapolis
Family businesses - Answers -enterprises with two or more members of a family involved in
ownership and control of an enterprise
-can be public or private
-90% of companies are family businesses
-family is major owners or managers
-commitment to continuation of business
-family members lead organization by CEO, Chairman
-intetgenerational transfers
-strategic patience
-more conservative about finances
-family firms cary less debt
Charlotte raceway - Answers most innovative, the oval, road course
3 circle framework - Answers family, ownership, business/management
, 3D model - Answers ownership, family, business
stages of family business - Answers controlling owner- sibling partnership-cousin consortium-
family federation
cousin consortium - Answers family, larger, more diverse
Warren Buffet - Answers $87.3 million net worth
multinational holding company
most expensive stock
Geico- official insurance sponsor
Berskire Hathaway
Marriott International - Answers $6.9 billion
J Willard Marriott
sibling partnership
marketing partnership with Mercedes
France Family - Answers $5.7 billion
Billy France Sr
Jim France-CEO and Chairman
cousin consortium
Owns all ISC affiliated tracks
-Auto Club, Chicagoland, Darlington, Daytona, Homestead-Miami, Kansas, Martinsville, Michigan
International ,Richmond, Route 66, Talladega, Watkins Glen
currently owns NASCAR and founded it
Pilot Flying J - Answers founded by O.Jay Call
control/owner stage
$29 billion in revenue
ranked 10th on Forbes
Petty - Answers $65 million
