Sports Management Final Review

The total amount of money that a sports team earns from ticket sales, merchandise sales, sponsorships, and other sources.

• Revenue
• Expenses
• Cash Flow
• Profit

Marketing

• The creation and maintenance of satisfying exchange relationships.
• Describes how a business blends the four marketing elements of product, distribution, price, and promotion.
• What a business offers to costumers to satisfy needs.
• Using sports to market products.

The first sport management academic organization was called

• AAHPERD
• NASSM
• SMARTS
• SMAANZ

The modern Olympic Games in 1896 were held in which city?

• Athens
• Paris
• New York
• Olympia

Sport management originated in thoroughbred racing in the form of

• the National Thoroughbred Racing Association
• privately owned tracks
• organized betting
• jockey clubs

Ruling body of a corporation.

• Board of directors
• Business plan
• Cooperative
• Corporation

A written document that describes the nature of the business, its goals and objectives, and how they will be achieved

• Creditor
• Business plan
• Joint Venture
• Limited Liability Company

Business owned and operated by its user-members for the purpose of supplying themselves with goods and services.

• Cooperative
• Creditor
• Proprietor
• Intrapreneur

Business owned by a group of people and authorized by the state in which it is located to act as though it were a single person, separate from its owners.

• Creditor
• Corporation
• Cooperative
• Proprietor

Person or business to whom money is owed.

• Creditor
• Joint Venture
• Limited Lability Company
• Officer