Deck 8: Sport finance by the Numbers

Question 1

_____________________ are similar to box scores or statistical sheets from prior contests, which allow managers to assess their organization's health in financial terms.

Answer 1

Financial statements

Question 2

____________accounting method records transactions when orders are made, items are delivered, or when services occur, regardless of when the money for these items is actually received or paid.

Answer 2

Accrual

Question 3

Most large organizations use a cash basis accounting system where all transactions (i.e., sales or purchases) are recorded as money is received or paid out.

Answer 3

False

Question 4

The balance sheet provides a picture or snapshot of the financial condition of an organization at a specific point in time.

Question 5

The income statement provides a picture or snapshot of the financial condition of an organization at a specific point in time.

Question 6

What is the formula for calculating the balance sheet balance?

Question 7

The income statement measures a business's profitability over a specific period such as a year.

Question 8

What is another name for the income statement and it helps explain what the income statement shows?

Question 9

Financial ratios allow any sport organization to compare itself with any other sport organization to prove how well/poorly it is doing?

Question 10

The most commonly used financial ratios include: liquidity, asset management, leverage, profitability, and market value.

Question 11

The liquidity ratios measure the ability of a business to meet short-term financial obligations with its short-term assets.

Question 12

Liquidity ratios measure how effectively a company manages its assets to generate sales.

Question 13

What do you think is the most important financial ratio and why?

Question 14

Return on assets and return on equity measure the same thing.

Question 15

If you were building a budget for a badminton tournament at UNH, what would you include in the budget and where would you obtain the information?

Question 16

Financial forecasting is very easy with the right data and thus big data makes it very accurate.

Question 17

The Balanced Score Card takes into consideration customer perspectives.

Question 18

The Balanced Score Card is only to be applied to for profit companies.

Question 19

It is easy to determine the value of a sport business based on its assets.

Question 20

You can determine the value of a sport business based on the present value of future income streams.

Question 21

The human side of math is normally not as well developed.

Question 22

In quantitative modeling it is important to get the right answer from the start to prevent wasting resources.

Question 23

Sometimes it is more important to ask questions than to have all the answers.

Question 24

To be effective in supply chain management an analyst needs to focus primarily on ________?

Question 25

Ensemble forecasting is achieved through a combination of approaches to forecasting.

Question 26

The best statistics are not represented in a range, but a specific number forecast.

Question 27

Ways to track customer orders include all the following except?

A) industry segments
B) customer size
C) geographical areas
D) actual customer shipments
E) all of the above are ways to track orders