Sports/Entertainment Marketing Ch3

The amount of money remaining from income after all expenses are paid

• Balance Sheet

• Economics

• Revenue Stream

• Profit

The study of how goods and services are produced, distributed, and consumed

• Income Statement

• Forecast

• Economics

• Economic Utility

The possibility of financial gain or loss or personal injury

• Integrity

• Capital

• Liable

• Risk

A report that predicts the expenses to be incurred and revenues to be earned

• Income Statement

• Balance Sheet

• Forecast

• Venture Capital

The business is legally responsible for damages

• Liable

• Risk

• Risk Assessment

• Risk Management

Involves preventing, reducing, or lessening the negative impacts of risk

• Risk Management

• Risk Assessment

• Liable

• Scarcity

A measurement that calculates the business's return as a percentage of the money invested

• Profit Motive

• Return on Investment

• Revenue Stream

• Ethics

A system of deciding between right and wrong in a reasoned and impartial manner

• Integrity

• Risk Assessment

• Ethics

• Liable

The amount of satisfaction a person receives from the consumption of a particular product or service

• Ethics

• Economics

• Economic impact

• Economic utility

A financial statement that shows a company's assets, liabilities, and net worth at a specific point in time

• Income Statement

• Balance Sheet

• Revenue Stream

• Principles