Finance in the sport and active leisure industry

What is the purpose of financial statements in the sport and active leisure industry?

• To provide information about the financial performance and position of a business
• To determine the popularity of a sport or leisure activity
• To track the progress of an athlete's career
• To measure the physical fitness of individuals

Why is budgeting important in the sport and active leisure industry?

• To control expenses and allocate funds effectively
• To improve athletic performance
• To promote healthy lifestyles
• To enhance spectator experience

What is the role of sponsorship in the sport and active leisure industry?

• To provide financial support in exchange for brand exposure
• To regulate sports competitions and events
• To develop new sports equipment
• To promote a healthy lifestyle

What does ROI stand for in the context of finance in the sport and active leisure industry?

• Return on Investment
• Return on Income
• Rate of Interest
• Revenue on Investment

What is the purpose of financial forecasting in the sport and active leisure industry?

• To predict future financial performance and aid in decision-making
• To determine the popularity of sport activities
• To assess the physical fitness of athletes
• To promote healthy lifestyles

What is the purpose of financial ratios in the sport and active leisure industry?

• To analyze the financial health and performance of a business
• To measure spectator attendance
• To evaluate the physical fitness of individuals
• To determine the skill level of athletes

What is the purpose of a cash flow statement in the sport and active leisure industry?

• To track the movement of cash in and out of a business
• To measure an athlete's performance
• To assess spectator satisfaction
• To regulate sports competitions

What is the purpose of a balance sheet in the context of finance in the sport and active leisure industry?

• To provide a snapshot of a business's financial position at a specific point in time
• To measure spectator engagement
• To track an athlete's training progress
• To regulate sports competitions and events

What is the role of financial planning in the sport and active leisure industry?

• To set goals, create budgets, and manage financial resources
• To develop training and coaching programs
• To promote healthy lifestyles
• To design sports facilities and venues

What is the purpose of a profit and loss statement in the sport and active leisure industry?

• To track revenue, expenses, and net income/loss over a specific period
• To assess spectator satisfaction
• To regulate sports competitions
• To measure the physical fitness of athletes