Final answer:
The statement that zero-base budgeting is the most useful for sports events is false. It may not be the most efficient considering the unpredictability of sports event revenues and the broader economic factors at play.
Step-by-step explanation:
Zero-Base Budgeting in Sports Events
The assertion that zero-base budgeting may serve as the most useful method for a sports event is false. Zero-base budgeting is a method where all expenses must be justified for each new period, starting from a 'zero base.' While this may seem practical for evaluating expenditures meticulously, it might not be the most efficient for sports events due to the complex nature of predicting revenue streams such as ticket sales and sponsorship deals. Moreover, based on the information provided by Siegfried and Zimbalist, budgeting decisions need careful consideration of their broader economic impact, especially when budgeting for entertainment and sports events within a local economy. Given that attending professional sports events diverts money from other local entertainment options and could potentially shrink the local economy, relying solely on zero-base budgeting might not account for these broader economic factors.