Economics and Finance of Sport

Economics and Finance of Sport

1.     
Please explain the three major financial statements and importance of them for a sport organization. (10 points)

2.     
What is financial management? How does financial management differ in the sport industry as compared to other industries? (10 points)

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Please follow the guideline below for the citation of sources (5 points):

“You must credit the source whether paraphrasing or quoting an author directly. For a direct quotation in the text, give the author, year, and page number in parentheses. Include a complete reference in the reference list. When paraphrasing or referring to an idea contained in another work, you are not required to provide a page number.”