Before negotiating contracts, what is the first document developed by sport facility management/ownership?
A) Draft of Contract
B) Pro Forma Budget
C) Rules for Negotiations
D) Event Schedule

Question

Quizplus · Accepted Answer

Choice B is correct because (as defined in the chapter) prior to negotiating contracts, the sport facility managers and owners will develop a pro forma budget to anticipate what the general costs of hosting an event will be for the sport facility. This budget will become more detailed once contracts are negotiated and signed, but this advanced budget creates a general financial framework place for the specific type of events and a starting place for negotiations.

Before Negotiating Contracts, What Is the First Document Developed by Sport