Sport Finance
What will be an ideal response?
The study of the effective management of cash flows by sport organizations
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Which of the following is a question answered with normative economic reasoning?
A) If the college provided less financial aid for out-of-state students, would more in-state students benefit? B) If the college offers free textbooks for students, will more students read their textbooks? C) If the college increased its enrollment requirements, would class size decline? D) Should the college increase tuition to fund its athletic programs?
Answer the following statements true (T) or false (F)
1) Uncertainty is the result of incomplete information. 2) Probability is the chance that an event occurs. 3) It is possible for the probability of an event to be 1.50. 4) A probability distribution of a random variable is a listing of all of the possible outcomes of the random variable and the associated probabilities. 5) The larger the extent of variation, the smaller the risk.
It may be that unions increase worker productivity by
a. minimizing conflicts, resolving differences, and reducing job turnover b. using seniority rules to keep the most experienced workers employed c. increasing job turnover so that the least experienced workers quit d. allowing workers to goof off, which improves morale e. increasing the number of workers required to perform each task
(Consider This) Suppose that a new band, "Balin and the Wolf Riders," tries to sell its music on the internet. Economists would expect:
A. all of those enjoying the music to pay for downloads and compensate the band for its costs. B. some of those enjoying the music to "free ride" through illegal file sharing and digital piracy. C. government to tax those attempting to download the band's music. D. there to be no consumer surplus for those who download the band's music.