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mbaaspirant80
Joined: 14 Apr 2017
Last visit: 26 Aug 2020
Posts: 246
Given Kudos: 25
Location: India
sandeep : sharma
Concentration: International Business, Entrepreneurship
Schools: INSEAD Jan '17 IMD Jan'18 CBS '19
GPA: 3.9
Products:
Updated on: 14 Mar 2024, 18:36
Originally posted by mbaaspirant80 on 13 Aug 2017, 22:56.
Last edited by Sajjad1994 on 14 Mar 2024, 18:36, edited 12 times in total.
Last edited by Sajjad1994 on 14 Mar 2024, 18:36, edited 12 times in total.
Updated - Complete topic (69).
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Country P’s Olympic Committee is determining how much sponsorship money it needs to raise in order to cover its expenses in helping athletes train for and travel to next summer’s Olympic Games. There are four possible sources of funding: government grants, income from television rights, team sponsorship, and individual endorsement deals. The Committee’s task is to determine how to maximize funding from the latter three sources, in order to send as many athletes as possible to the Games, while minimizing the drain on government funding. Government funding is provided only when the team is unable to fully fund its activities.
A small number of the highest-profile athletes have secured individual endorsement deals; this money, however, belongs to that athlete alone and any such athletes are removed from the team funding calculations. An individual team is considered underfunded if its funding (not including government sources) covers less than 95% of the team’s expected expenses. Any surplus funding from TV rights or team sponsors reverts to the Olympic Committee and may be reallocated among other teams. The government will then provide funding to match up to 5% of team expenses or the amount needed to reach 100% funding, whichever is smaller.
A small number of the highest-profile athletes have secured individual endorsement deals; this money, however, belongs to that athlete alone and any such athletes are removed from the team funding calculations. An individual team is considered underfunded if its funding (not including government sources) covers less than 95% of the team’s expected expenses. Any surplus funding from TV rights or team sponsors reverts to the Olympic Committee and may be reallocated among other teams. The government will then provide funding to match up to 5% of team expenses or the amount needed to reach 100% funding, whichever is smaller.
940
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
85%
(hard)
Question Stats:
63% (03:56) correct
37%
(03:55)
wrong
based on 678
sessions
History
Date
Time
Result
Not Attempted Yet
1. Approximately how much surplus funding will be available to be shared among the underfunded teams? All answers are in units of thousands.
| 940 | |
| 900 | |
| 820 | |
| 640 | |
| 600 |
More than 50% of the teams are underfunded.: Yes
The government will not need to pay the maximum amount of funding that it has made available.: Yes
The government funding allocated to the equestrian team is more, as a percentage of total funding needed by that team, than is the government funding allocated to the basketball team.: No
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
95%
(hard)
Question Stats:
13% (02:03) correct
87%
(02:26)
wrong
based on 1496
sessions
History
Date
Time
Result
Not Attempted Yet
2. For each of the following statements, all of which refer to the 9 teams discussed in the prompt, select Yes if the statement can be shown to be true using the information provided. Otherwise, select No.
| Yes | No | |
| More than 50% of the teams are underfunded. | ||
| The government will not need to pay the maximum amount of funding that it has made available. | ||
| The government funding allocated to the equestrian team is more, as a percentage of total funding needed by that team, than is the government funding allocated to the basketball team. |
ShowHide Answer
Official Answer
More than 50% of the teams are underfunded.: Yes
The government will not need to pay the maximum amount of funding that it has made available.: Yes
The government funding allocated to the equestrian team is more, as a percentage of total funding needed by that team, than is the government funding allocated to the basketball team.: No
Basketball: Yes
Boxing: No
Volleyball: Yes
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
95%
(hard)
Question Stats:
47% (02:21) correct
53%
(02:02)
wrong
based on 832
sessions
History
Date
Time
Result
Not Attempted Yet
3. Assume that TV rights have just been renegotiated and will increase by 15% for each sport. For each of the following teams, select Yes if the government will still need to provide 5% of the team‘s funding. Otherwise, select No.
| Yes | No | |
| Basketball | ||
| Boxing | ||
| Volleyball |
ShowHide Answer
Official Answer
Basketball: Yes
Boxing: No
Volleyball: Yes
260
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
15%
(low)
Question Stats:
73% (00:47) correct
27%
(00:55)
wrong
based on 625
sessions
History
Date
Time
Result
Not Attempted Yet
4. Approximately how much surplus funding does the gymnastics team have? All answers are in units of thousands.
| 165 | |
| 210 | |
| 225 | |
| 260 | |
| 300 |
Basketball: Yes
Swimming: No
Track & Field: No
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
5%
(low)
Question Stats:
83% (00:31) correct
17%
(00:34)
wrong
based on 636
sessions
History
Date
Time
Result
Not Attempted Yet
5. For each of the following, select Yes if the sports team can be shown to be underfunded. Otherwise, select No.
| Yes | No | |
| Basketball | ||
| Swimming | ||
| Track & Field |
ShowHide Answer
Official Answer
Basketball: Yes
Swimming: No
Track & Field: No
There is a positive correlation between TV rights and Full funding needed.: Yes
Allocating surplus funds to an underfunded sport could reduce the amount of government funds made available to that sport.: Yes
Other sources of funding, such as donations from private individuals, are possible.: No
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
95%
(hard)
Question Stats:
25% (01:22) correct
75%
(01:17)
wrong
based on 1060
sessions
History
Date
Time
Result
Not Attempted Yet
6. For each of the following statements, select Yes if the statement is able to be inferred from the given information. Otherwise, select No.
| Yes | No | |
| There is a positive correlation between TV rights and Full funding needed. | ||
| Allocating surplus funds to an underfunded sport could reduce the amount of government funds made available to that sport. | ||
| Other sources of funding, such as donations from private individuals, are possible. |
ShowHide Answer
Official Answer
There is a positive correlation between TV rights and Full funding needed.: Yes
Allocating surplus funds to an underfunded sport could reduce the amount of government funds made available to that sport.: Yes
Other sources of funding, such as donations from private individuals, are possible.: No
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Project IR Butler 2019-20 - Get one IR Question Everyday
Question # 64, Date : 03-Dec-2019
This post is a part of Project IR Butler 2019-20. Click here for Details
Question # 64, Date : 03-Dec-2019
This post is a part of Project IR Butler 2019-20. Click here for Details
Attachment:
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