Economics and Sports Revenue Quiz

Economics and Sports Revenue Quiz

University

37 Qs

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Economics and Sports Revenue Quiz

Economics and Sports Revenue Quiz

Assessment

Quiz

Other

University

Easy

Created by

JESSICA COLE

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37 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two main components of an income statement?

Revenues and expenses

Assets and liabilities

Profits and losses

Debts and credits

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does macroeconomics examine?

Overall economic factors such as economic growth and contraction

Individual spending habits

Company profit margins

Local business trends

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In 2018, what was the operating revenue of the NFL?

$16 billion

$65.5 billion

$600 million

$222 million

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the value of the Cowboys in 2018?

$5.5 billion

$16 billion

$600 million

$222 million

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the largest revenue source for professional sports?

TV Rights and Merchandise Sales

Ticket Sales

Concessions

Sponsorships

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is profit calculated?

Total revenues minus total cost

Total assets minus total liabilities

Total sales minus total expenses

Total income minus total debts

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a financial problem for professional sports mentioned

Imbalance in revenues of high/low teams in some leagues

Excessive player salaries

High ticket prices

Lack of sponsorships

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