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Catch AllSports and

Entertainment Economics

Risk

Management

Finances

Ethics

500

The study of economics of an entire society is referred

to as…

Macroeconomics

Revenues > Expenses

Profits

The amount of satisfaction people believe they receive

from entertainment is referred to as…

Economic Utility

What are the four types of economic utility?

Form

Place

Possession

Time

How much revenue was brought in by the NFL

during the 2007 season?

Excess of $5.5 billion

_______ is the possibility of

financial loss or gain, or personal

injury.

Risk

This category of risk includes conditions that cannot be controlled.

Natural Risk

This classification of risk involves a loss that can be

prevented or reduced in frequency.

Controllable Risk

What are the three categories of risk?

Natural

Human

Economic

This type of risk is used to classify a chance that a loss

could occur but the dollar amount cannot be

estimated.

Uninsurable risk

According to the Forbes list , what NFL team is

ranked #1 for team value?

Dallas Cowboys

The first singer to have bonds issued based on future earnings for his

music.

David Bowie

The name of the intelligence test used in

the NFL and other industries used to

measure the aptitude of prospective employees

Wonderlic

The strategy of risk management used by an event organizer when there is a statement on the back of an event ticket saying that the promoter is not responsible for any harm to the ticket holder.

Risk Transfer

The most expensive cost category for the movie,

Lara Croft Tomb Raider, The Cradle of Life

Production costs

_____________ studies the relationships between

individual consumers and producers.

Microeconomics

Forecasting involves…

Predicting Costs and Revenues

The _______ shows assets, liabilities, and

net worth.

Balance Sheet

ROI stands for?

Return on Investment

What three things will a potential investor

want to look at?

Forecasts

Budgets

Financial Statements

_________ are a system of what is right and wrong in a reasoned and impartial manner.

Ethics

High standards or guidelines are referred to

as ____________.

Principles

__________can be divided into three stages in which

people advance from childish behavior to mature

responsible behavior based on principles

Character Development

The amount in fines assessed by the NBA

during the 2004-2005 season.

$13.9 million

The Olympic track and field athlete who had to return medals and serve jail time

because of lying about taking steroids

Marion Jones

Category

Franchise Owners

Final Jeopardy

How many shares of Green Bay Packer stock have been

issued? (You can be off by 300,000

either way)

4.7 million