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| "keeping up with the Jones'" |
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| any resource or goods that might offer future benefits to a business and have value |
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| displays the financial condition of a business at a single point in time. It provides information concerning assets, liabilities and owner equity. |
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| logos and symbols (helmets) |
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| a planning document, a road map that shows where the sport business intends to spend its money. It is a written estimate of anticipated income and expenditures |
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| the difference between what a company brings in and what they pay out |
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| Collective Bargaining Agreement |
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| The primary day-to-day considerations of athletic directors |
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| is money that is owed to others |
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| equity in athletics disclosure act |
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| represent costs that are incurred such as salaries, facilities maintenance, equipment, supplies, travel, and professional services |
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| The greatest danger facing professional sports may be Fan Apathy |
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| those reoccurring expenses that remain the same whether the operation is closed or running at 100% capacity |
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| relates funding to performance (e.g., funding based on enrollment or participation). While it appears to be equitable, it does not consider the uniqueness of each project or program |
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| Attendance at athletics events is often the only connection that the public has with the university (“The Front Porch Analogy”) |
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| Although substantial savings could be realized by cutting back on the number of football scholarships, it may serve to diminish the quality and marketability of college football (Golden Goose analogy). |
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| The income statement communicates the measures a business’ profitability over a specific period of time, such as a year or quarter |
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| Funding allocations are increased or decreased by specific increments. It is safe and easy, but does not recognize relative value or merit of each individual project or program |
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| college sports reformation group |
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| refer to any legal or financial obligation |
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| The budget is separated into budget categories and objects (line items). The focal point of a line-item budget is the budget category itself rather than the cost of individual programs or projects |
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| The assets of the firm are listed according to the length of time it takes to convert them to cash |
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| limited liablity corporation |
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| method for dealing with player cost |
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| premier professinal sports |
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| A goal orient system that focuses on program justification and its relation to the goals and objective of the organization. It can be a complex and time-consuming process. |
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| I-A football is perceived to have more prestige than I-AA football, which may enhance the institution’s image and serve to attract students |
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| The only true profit center for Division I-A schools is football. Football revenues generally support the entire athletics program for men and women |
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| the sale of goods and services and the same basic expenses |
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| represent money coming into the sport enterprise |
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| scholarship equivalencies |
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| capital provided by investors |
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| how colleges make up debts |
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Prong One – The institution provides athletics opportunities that are substantially proportionate to the student enrollment, OR
Prong Two – The institution demonstrates a continual expansion of athletic opportunities for the underrepresented sex, OR
Prong Three – The institution provides full and effective accommodation of the interest and ability of underrepresented sex. |
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| the concept that money decreases in value over time. The time frame of an investment decision ultimately impacts the future value |
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| No person in the United States shall, on the basis of sex, be excluded from participation in, be denied the benefits of, or be subjected to discrimination under any education program or activity receiving Federal financial assistance |
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| those expenses which may increase or decrease depending on the amount and method of production |
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| women's professional sports |
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| Each budget is an isolated unit that is planned and justified from a zero base, independent of what has previously existed. Funding requests must relate program costs to goal achievement. |
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