Business & Professional Development Flashcards

Which document best outlines a youth sports club's mission, goals, and operating strategy for the coming seasons?

Answer: Business plan

A business plan defines mission, goals, finances, and strategy for sustainable operation.

A club director wants to know whether program revenue covers costs. Which report is most useful?

Answer: Budget-versus-actual income statement

Comparing budgeted and actual income and expenses shows whether the program is financially on track.

Which is a fixed cost for a year-round AAU club?

Answer: Monthly gym rental under a annual contract

A contracted monthly facility rental stays the same regardless of activity level.

What is the main purpose of a written refund policy for club fees?

Answer: Set clear expectations and reduce disputes

A clear written policy tells families what to expect and prevents conflicts.

Which marketing approach is most cost-effective for a new local youth sports program?

Answer: Word of mouth and community partnerships

Local referrals and community ties reach target families at low cost.

Which is an example of sponsorship value a club can offer a local business?

Answer: Logo placement on uniforms and event signage

Visibility on uniforms and signage gives sponsors brand exposure to families and the community.

Why should club funds be tracked separately from a coach's personal finances?

Answer: To maintain transparency and accountability

Separate accounts provide clear records and protect against misuse or disputes.