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Chapter 13: Sports Quiz
Test your knowledge of the sports chapter material!
1 / 10
Why might you want to look at the financial records for nonprofit organizations as a sports business reporter?
Answer can be found on page 140 and 143.
Correct! Understanding some of the terms you may find on these financial records can help you better understand what you’re looking at.
2 / 10
True or false: You must have a valid reason to ask for a nonprofit organization’s 990 forms.
Read more on page 141.
Correct!
3 / 10
If you are checking for questionable business relationships, where would you want to look on their filings?
Answer can be found on page 143.
Correct! A nonprofit on Schedule O has to list the compensation of its top five contractors, which are organizations that do business with the nonprofit.
4 / 10
Which of the following resources has annual financial records for more than 1 million nonprofit organizations?
Answer can be found on page 140.
5 / 10
True or false: Sports business coverage is exclusive to large cities.
Sports business coverage can also be done well in a town where college sports is king or in small towns where high school sports coverage is front-page news. Read more on page 138.
Correct! Sports business coverage can also be done well in a town where college sports is king or in small towns where high school sports coverage is front-page news.
6 / 10
True or false: It’s more important to have a story out first than for it to be completely accurate.
Read more on page 142.
Correct! You may receive pressure to publish quickly, but it’s often better to make sure the story is right.
7 / 10
Which of the following resources is considered the go-to source in sports business coverage?
8 / 10
True or false: SEC filings can’t tell you anything about sports.
Securities and Exchange Commission (SEC) Filings can inform you about sports business relationships, such as sponsorships and more. Read more on page 139.
Correct! Securities and Exchange Commission (SEC) Filings can inform you about sports business relationships, such as sponsorships and more.
9 / 10
Which of the following are nonprofit organizations required to file with the IRS?
Correct! Nonprofits must, by law, make their three most recent years of 990 forms available for public viewing.
10 / 10
Where would you look to see the total amount of money a nonprofit has?
Your score is
The average score is 78%
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