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Sports & Entertainment Mktg - Ch. 2

Authored by Morgan Abel

Business

9th - 12th Grade

Used 7+ times

Sports & Entertainment Mktg - Ch. 2
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money remaining from revenues after all expenses are paid is called:

Budget

Profit

Return on Investment

Income Statement

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

__________ is the study of how goods and services are produced, distributed, and consumed.

Economics

Ethics

Business

Marketing Information

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Macroeconomics is defined as the study of:

Sports and Entertainment marketing

Relationships between individual consumers & producers

Economics of the entire society

None of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of satisfaction a person receives from the consumption of a product or service is called:

Economic Satisfaction

Economics

Economic Utility

All of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the four different types of utility?

Form, Time, Possession, and Consumption

Time, Place, Consumption, and Sales

Consumption, Sales, Place, and Form

Form, Time, Place, and Possession

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

T or F: Revenue is the money a business receives from the sales of goods & services

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Profit motive means making decisions to use resources in ways that result in the greatest

Sales

Profits

Purchases

Revenues

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