Economics and Sports Revenue Quiz

What are the two main components of an income statement?

• Revenues and expenses

• Assets and liabilities

• Profits and losses

• Debts and credits

What does macroeconomics examine?

• Overall economic factors such as economic growth and contraction

• Individual spending habits

• Company profit margins

• Local business trends

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

• $16 billion

• $65.5 billion

• $600 million

• $222 million

What was the value of the Cowboys in 2018?

• $5.5 billion

• $16 billion

• $600 million

• $222 million

What is the largest revenue source for professional sports?

• TV Rights and Merchandise Sales

• Ticket Sales

• Concessions

• Sponsorships

How is profit calculated?

• Total revenues minus total cost

• Total assets minus total liabilities

• Total sales minus total expenses

• Total income minus total debts

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

What was the revenue for the Yankees in 2020?

• $680 million

• $222 million

• $16 billion

• $65.5 billion

What was the revenue for the Miami Marlins in 2020?

• $222 million

• $660 million

• $16 billion

• $65.5 billion

What is the largest revenue source for collegiate sports?

• Private donations and Corporate sponsorships

• Ticket sales

• Concessions

• Merchandise sales