Smoking cigarettes causes lung cancer. This reflects __________.

Describe what analysts mean by horizontal analysis when they look at financial statements. Then describe vertical analysis. Give some specific ways that each of these two perspectives help investors & creditors make decisions about a sport organization.

Explain the concept of future value as if you were talking to a relative who is interested in sports but who doesn’t have a financial theory background. You may use simple numbers if you want to, but if you can explain the concept without numbers, that’s fine, too. Now explain the concept of present value to that same relative. Your relative is unusually inquisitive about future value and present value – so inquisitive, in fact, that you decide to hit him/her with the pièce de résistance – annuities! Tell them what annuities are and why sport settings sometimes have to deal with annuities.

A __________ is a substance that people take to produce a change in their thinking, consciousness, emotions, bodily functions, or behavior.

Bob is an elderly man who has no family. He can’t afford to move out of the city. He represents the __________.

List and briefly describe at least four major expenses incurred  by a professional sports team. For two of those expenses, give a specific example of how you would attempt to decrease the expense without making it impossible for the organization to earn revenue.

Explain the concepts of salary cap systems and luxury tax systems in professional sport organizations. What are the salary cap and luxury tax systems intended to accomplish? Why would players agree to these systems? Why would owners agree to these systems? What is the Larry Bird exception in the NBA’s salary structure, and why was it put in place?

Robbery, burglary, drug dealing, prostitution, pimping, gambling, and other activities that are woven into the texture of life in urban setting are a part of the __________.

Overall, the life expectancy of Americans has __________.

List and briefly describe at least four major expenses incurred  by a private fitness center (e.g., Planet Fitness). For two of those expenses, give a specific example of how you would attempt to decrease the expense without making it impossible for the organization to earn revenue.