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Questiоn #1: Frоm оur topics, identify аnd thoroughly describe three mаjor finаncial issues in sports today. Are the issues that you have identified global issues or issues that just pertain to the United States? What solutions can you offer for the issues you have identified? Question #2: What is the difference between financial accounting and managerial accounting? Why is accounting important for sport-related businesses and organizations? Explain the T-system of accounting. Define the following terms: accounts payable, accounts receivable, revenues, expenses, debits, and credits. Question #3: Describe each of the following business structures: sole proprietorships, general and limited partnerships, subchapter S corporations and traditional C corporations. Compare and contrast the advantages and disadvantages of these various business structures. Question #4: What is the difference between short and long-term financial planning? What type of internal and external data should be used? Provide some sport-related examples. What is a pro forma budget? Question #5: What are capital stocks? Describe the rights of a stockholder and how stocks are issued. Describe the similarities and differences between common stock and preferred stock. Question #6: What are bonds? Describe in depth three specific types of bonds. What are the typical costs of issuing bonds? Describe the techniques that can help spot financial trouble. How are bonds used concerning sports facilities? Question #7: Describe how a sport-related business can forecast inventory needs. What are some key inventory management strategies that can contribute to organizational efficiency? What are the differences between fixed and variable costs? Question #8: What is the purpose of a business audit? Describe the major types of audits. What is the best type of audit result a business can obtain? Describe how sports fraud can occur with sloppy financial analysis. Question #9: In full detail, provide a summary of the reasons, results, economic impact, and financing of the Atlanta Braves relocation from Turner field in southeast Atlanta, to SunTrust Park (now Truist Park) in Cobb County, Georgia. Has this relocation been a success for the Braves? Why?