Exam 8: Sport finance by the Numbers

Liquidity ratios measure how effectively a company manages its assets to generate sales.

The income statement measures a business's profitability over a specific period such as a year.

Ensemble forecasting is achieved through a combination of approaches to forecasting.

In quantitative modeling it is important to get the right answer from the start to prevent wasting resources.

Return on assets and return on equity measure the same thing.

It is easy to determine the value of a sport business based on its assets.

Most large organizations use a cash basis accounting system where all transactions (i.e., sales or purchases) are recorded as money is received or paid out.

What is another name for the income statement and it helps explain what the income statement shows?

What is the formula for calculating the balance sheet balance?

The human side of math is normally not as well developed.

What do you think is the most important financial ratio and why?

You can determine the value of a sport business based on the present value of future income streams.

_____________________ are similar to box scores or statistical sheets from prior contests, which allow managers to assess their organization's health in financial terms.

Sometimes it is more important to ask questions than to have all the answers.

The Balanced Score Card is only to be applied to for profit companies.

The balance sheet provides a picture or snapshot of the financial condition of an organization at a specific point in time.

The best statistics are not represented in a range, but a specific number forecast.

The most commonly used financial ratios include: liquidity, asset management, leverage, profitability, and market value.

To be effective in supply chain management an analyst needs to focus primarily on ________?

Financial ratios allow any sport organization to compare itself with any other sport organization to prove how well/poorly it is doing?