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SRM 3147 Sport Event Management Midterm 2 Exam 2025
SRM 3147 Sport Event Management
SRM 3147 Sport Event Management
Purpose of budgeting - Correct Ans-Allows SEM to maximize revenue and spend wisely Three Budget Categories - Correct Ans-- Revenues (money generated into organization) - Expenses (money that flows out of sport event) - Net Income (difference between expenses and revenues) Types of Budgets - Correct Ans-- Preliminary (used as foundation, decide if event is financially viable) - Working (SEM collect revenues/spend, collect net income value) - Capital (separate for larger events with grea...
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