NASCAR EXAM 1 QUESTIONS WITH
100% CORRECT ANSWERS LATEST
VERSION 2025/2026.
Nascar - ANS 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 - ANS dover, Pocono, Indianapolis
Family businesses - ANS -enterprises with two or more members of a family involved in
ownership and control of an enterprise
-can be public or private
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, -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 - ANS most innovative, the oval, road course
3 circle framework - ANS family, ownership, business/management
3D model - ANS ownership, family, business
stages of family business - ANS controlling owner- sibling partnership-cousin consortium-
family federation
cousin consortium - ANS family, larger, more diverse
Warren Buffet - ANS $87.3 million net worth
multinational holding company
most expensive stock
Geico- official insurance sponsor
Berskire Hathaway
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
100% CORRECT ANSWERS LATEST
VERSION 2025/2026.
Nascar - ANS 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 - ANS dover, Pocono, Indianapolis
Family businesses - ANS -enterprises with two or more members of a family involved in
ownership and control of an enterprise
-can be public or private
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, -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 - ANS most innovative, the oval, road course
3 circle framework - ANS family, ownership, business/management
3D model - ANS ownership, family, business
stages of family business - ANS controlling owner- sibling partnership-cousin consortium-
family federation
cousin consortium - ANS family, larger, more diverse
Warren Buffet - ANS $87.3 million net worth
multinational holding company
most expensive stock
Geico- official insurance sponsor
Berskire Hathaway
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
