Question 2

– All sports organizations have a goal of making a profit.

  In fact, they must make a profit in order to stay in business. However, there are times that an organization gets into a situation where the profit is in jeopardy and they are in danger of having a loss.

 Explain how the organization’s leaders can respond to the financial problems in order to avoid showing a loss.

 What internal controls can be implemented in order to help avoid financial problems?