Sports Management : Economics and Management Academic Essay

Contemporary Sports Management.

Four essay questions. Please put the question numbers next to your response.
APA format.
Thank you

1. 200 Words) Define economics, and provide an example of how economics relates to the sport industry. Briefly explain what an economic impact study represents.

2. (200 Words) Explain what the two functions of financial management are. Identify and define the three categories of entries on a balance sheet and two categories on an income statement.

3. (300 Words) Discuss the similarities and differences between event and facility management. Explain with descriptive examples, how the two are similar and different.

4. (300 Words) Identify and describe the seven basic steps involved in an event management plan.

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