SMGT 302- TEST 1 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED
A+||BRAND NEW
scale of the sport industry Ans✓✓✓varies ; hard to define
(page 12 in textbook)
trends in the industry Ans✓✓✓page 10 in textbook
arms race Ans✓✓✓competition between sport organizations to have the
best facilities, resources, revenue generating amenities, and other event
features to ensure an advantage in marketplace
Fixed Costs Ans✓✓✓expenses that do not change
Variable Costs Ans✓✓✓volume-related and include labor, cost of goods
sold, and raw materials
Retrofitting Ans✓✓✓The ADDITION of new systems, features,
materials, and equipment to a facility that were not in place at time
building was constructed
Renovation Ans✓✓✓rehabilitation of physical features of a building,
including rearrangement of spaces w/in structures
, 50% Rule Ans✓✓✓if reno/ retrofitting costs >= 50% new facility cost,
build a new facility
ADI Ans✓✓✓(Area of Dominant Influence)- area covered by local
media
Low Bid Construction Ans✓✓✓-architect and contractor are separate
-Process: design.. bid... award... construction
elements of a feasibility study Ans✓✓✓1. Legal
2. Site
3. Usage
4. Design
5. Financial
Design Build Ans✓✓✓architect and contractor are part of same
organization
topographical report Ans✓✓✓shows the lot corners,any existing
buildings, site surface elevations, finished floor elevations, manholes,
storm and sanitary pipes, and any other important objects affecting the
site
ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED
A+||BRAND NEW
scale of the sport industry Ans✓✓✓varies ; hard to define
(page 12 in textbook)
trends in the industry Ans✓✓✓page 10 in textbook
arms race Ans✓✓✓competition between sport organizations to have the
best facilities, resources, revenue generating amenities, and other event
features to ensure an advantage in marketplace
Fixed Costs Ans✓✓✓expenses that do not change
Variable Costs Ans✓✓✓volume-related and include labor, cost of goods
sold, and raw materials
Retrofitting Ans✓✓✓The ADDITION of new systems, features,
materials, and equipment to a facility that were not in place at time
building was constructed
Renovation Ans✓✓✓rehabilitation of physical features of a building,
including rearrangement of spaces w/in structures
, 50% Rule Ans✓✓✓if reno/ retrofitting costs >= 50% new facility cost,
build a new facility
ADI Ans✓✓✓(Area of Dominant Influence)- area covered by local
media
Low Bid Construction Ans✓✓✓-architect and contractor are separate
-Process: design.. bid... award... construction
elements of a feasibility study Ans✓✓✓1. Legal
2. Site
3. Usage
4. Design
5. Financial
Design Build Ans✓✓✓architect and contractor are part of same
organization
topographical report Ans✓✓✓shows the lot corners,any existing
buildings, site surface elevations, finished floor elevations, manholes,
storm and sanitary pipes, and any other important objects affecting the
site
