$2.$ When an organization borrows money that must be paid back over time, usually with interest, what kind of financing is being used? $(5$ points$)$a$.$ Debtb. Equityc. Retained earningsd. Governmente. Gift $3.$ Typically, owners in a specific industry compete for wealth maximization. Owners in sport might not be interested in this goal. Rather, they may be interested in $\_\_\_\_\_\_\_\_\_\_.(5$ points$)$a$.$ Winning championshipsb. Seeking celebrity statusc. Protecting a community assetd. All of the abovee. None of the above $4.$ Under this sport franchise ownership model, $\_\_\_\_\_\_\_\_\_\_$ is the most common model of team ownership. $(5$ points$)$a$.$ Single Owner$/$Private Investor Modelb. Multiple Owners$/$Private Investment Syndicate Modelc. Multiple Owners$/$Publicly Traded Corporation Modeld. Single Entity Modele. Distributed Club Ownership Model $5.$ Which of the following is a picture or snapshot of the financial condition of an organization at a specific point in time? $(5$ points$)$a$.$ Balance sheetb. Income statementc. Statement of cash flowsd. Budgete. None of the above$6.$ Which ratio measures how an organization finances its operation with debt and equity? $(5$ points$)$a$.$ Current ratiob. Quick ratioc. Total asset turnover ratiod. Inventory turnover ratioe. Debt ratio $7.$ Which of the following is an estimate of how much money investors will pay for each dollar of the organizations earnings? $(5$ points$)$a$.$ Interest coverage ratiob. Net profit marginc. Return on equityd. Market valuee. Price$-$to$-$earnings ratio $8.$ Which of the following measures the return rate an organizations owners or shareholders are receiving on their investments? $(5$ points$)$a$.$ Interest coverage ratiob. Net profit marginc. Return on equityd. Market valuee. Price$-$to$-$earnings ratio $9.$ An estimation of an organizations worth according to the stock market is $\_\_\_\_\_\_\_\_\_\_.(5$ points$)$a$.$ Interest coverage ratiob. Net profit marginc. Return on equityd. Market valuee. Price$-$to$-$earnings ratio