Question 1 3 Points Chapter 5: Financial Accountability & Analysis The balance sheet shows the following: The business's ability to pay debts. B Growth or decline in various phases of the business. Changes in the business over a period of time. All of the above. Question 2 3 Points Chapter 5: Financial Accountability & Analysis There are five common types of financial ratios, including which of the following? A Leverage Ratios B Liquidity ratios All of the above Question 3 3 Points A Chapter 7: Purchasing and Inventory Management is a periodic business cost that varies in step with the output or the sales revenue of a company. Examples can include raw material energy usage, and labor just to name a few. This cost must be taken into consideration when planning purchases of equipment facilities, etc. Fixed Costs B Hidden Costs Variable costs None of these Question 4 7 Points Chapter 7: Purchasing and Inventory Management When an organization makes a purchase for equipment and products they should have a plan for a comprehensive evaluation of equipment before purchasing. Some organizations may restrict a direct purchase from a vendor and enter into a bid process. The bid process usually involves the intention to purchase said product. There are some pros and cons to this process. In 50 words or more and in your own words, discuss and list 2 advantages of the bid process for equipment/products, Question 5 5.5 Points Chapters 8: Understanding Revenue Streams There are a variety of taxes that can be levied by local government. These taxes provide revenues to pay the public's share of costs for sports facilities. There are two categories of these taxes: Hard Taxes and Soft Taxes. Hard taxes commonly include real estate and general sales. Provide an example of a "Soft Tax" that is used to pay for a sports facility. BLANK-1 BLANK-1 Add your answer Question 6 5.5 Points Chapter 8: Understanding Revenue Streams Corporations view for the right to place their name on the professional sport venue for a specific sum of money for a specific number of years. It is also becoming more common for corporations to purchase naming rights for college sport facilities. Naming rights is an example of what type of funding source. BLANK-1 BLANK-1 Add your answer Question 7 7 Points x Chapters 8: Understanding Revenue Streams There are many ways that a sports organization can generate additional revenue aside from ticket sales. In 50 words or more and in your own words, provide 2 examples and elaborate the additional revenue streams that a sports organization can generate. Use the editor to format your answer Question 8 7 Points Chapter 9: Commercial and Corporate Sponsorships Commercial/Corporate Sponsorship is a form of advertising in which companies pay to be associated with certain events. This form of sponsorship has been growing rapidly in recent years. A company can benefit in many ways from sponsorship. In 50 words or more and in your own words, briefly explain 2 benefits of a sponsorship agreement to a sports organization. Use the editor to format your answer Question 9 2 Points Chapter 9: Commercial and Corporate Sponsorships A successful commercial/corporate sponsorship will guarantee the sponsor a return on investment A True B False Question 10 7 Points Chapter 11: The Sports Franchise Game Franchising is a strategic alliance between groups of people who have specific relationships and responsibilities with a common goal to dominate a market. The Sports League has the right to approve or disapprove the relocation of a team Franchise. There are some advantages and disadvantages that are taken into consideration by the Franchise when considering to relocate a team. In 50 words or more and in your own words, list and discuss 1 advantage of a sport franchise relocating from one location (State) to another. You may include an example. Use the editor to formot your