Sports and Entertainment Management Topic: Sports and Entertainment Means Business Key Learning(s): Unit Essential Question(s): Define profit, explain the profit motive, and describe types of economic utility. Define risk and the categories and classification of it. Name the strategies for risk management. Ethics and the impact of unethical behavior. Be able to discuss funding and revenue sources for sports and entertainment businesses and describe financial analysis tools. What are some profit motives of sports marketing? How does risk affect sports marketing? What are the categories and classification of risk? Why is it so important to be ethical? What are the sources of revenue from sports and enterntainment? Grade: 10-12 Optional Instructional Tools: Book Projects Computer Worksheets Concept: Concept: Concept: Concept: Sports and Entertainment Economics Risk Management Business Ethics Financial Analysis Lesson Essential Questions: Lesson Essential Questions: Lesson Essential Question Lesson Essential Questions: What is profit and what is the profit motive? What are the types of economic utility? What is risk? What are the categories of risk? What are strategies for risk management? What are ethics? What impacts does unethical behavior have on people? Where do sports and entertainment businesses get their funding? What are four tools for financial analysis? Vocabulary: Profit Profit motive Economics Economic utility Vocabulary: Risk Risk management liable Vocabulary: Ethics principles Vocabulary: Return on investment Forecast Budget Balance sheet Income statement Other Information: