question

Which statement concerning the tradeoff between financing through debt or equity is true?

answer

Generally, financing with debt carries more risk than equity.

question

Which of the following are contributing factors to the competitive balance issue?

answer

both A & B (the concept of uncertainty of outcome & the disparity between the revenue potential of large- and small-market teams)

question

Which of the following is not an example of judicial review of an athletic association decision?

answer

The decision involves an on-field decision by an umpire or referee.

question

_____ is essential in scientific research, but in sport "faking out" an opponent is seen as an acceptable strategy and a way to gain advantage.

answer

Honesty

question

The NFLPA is the only players association to regulate "runners" and financial planners.

answer

True

question

Which of the following is not one of the three segments of the sporting goods industry, according to the SGMA?

answer

Services

question

Some athletes only seem to care about his/her performance on the playing field, regardless of the outcome of the game. This is an example of:

answer

Egoism

question

Ethics, as a field of study applied to sport, is only objective.

answer

False

question

Risk management is a formal process of assessing exposure to risk and taking whatever action is necessary to minimize its impact.

answer

True

question

Let's assume that you are the athletic director at a high school. Although the school district does not mandate it, you are considering implementing a drug testing program after steroids were found in a student's locker. What are the legal issues involved in this situation?

answer

Ensuring equitable competition, Protecting the health and well-being of student athletes, 4th Amendment and privacy of students (All of the above)

question

Women coach less than 60% of collegiate:

answer

Neither A nor B (Mens or Womens teams)

question

Sports can encourage social division as well as unify

answer

True

question

Taking a controlling interest in a foreign company is termed ________________.

answer

Foreign Direct Investment

question

This consists of transactions that are devised and carried out across national borders to satisfy the objectives of individuals and organizations:

answer

International Business

question

Which of the following categories you would say could be identified as sport tourism markets?

answer

A and B (Athletes and Spectators)

question

Higham and Hinch in their conceptualization of suppliers of sport tourism included three supplier categories. Which of the following is the one I added during our class discussions as a fourth supplier of sport tourism services?

answer

Destination's characteristics

question

Sporting events are aimed at serving the needs of:

answer

All of the above (Spectators, Sponsors, Participants)

question

We begin to notice the need for sport event managers with Albert Spalding's:

answer

Barnstorming tours

question

According to the event management lecture, ________ events are those closely identified with the ethos of a town, city, or region.

answer

Hallmark

question

Nike has expanded its operations from running shoes to international markets. To capture these markets, Nike has had to move into what sport(s)?

answer

Ice hockey, golf ,soccer (All the above)

question

All of the following are examples of publicly traded sport companies EXCEPT:

answer

University of Notre Dame athletic department

question

Teams prefer their stadiums to have more ordinary regular seating to having luxury seating and club seating.

answer

False

question

An example of an Equal Pay Act violation may be paying the male coach of a male athletic team more in salary than the male coach of a female team.

answer

False

question

Some _____ are universal and esteemed in all aspects of life.

answer

Moral principles

question

How many agents has the NFLPA disciplined in recent years?

answer

130

question

Manufacturers frequently outsource production to Asian countries in effort to reduce cost.

answer

True

question

__________ theories are those theories centered around doing what is right.

answer

Deontological

question

Which is not one of the four Universal Moral Values:

answer

Winning

question

_______ is defined as "the formal process of assessing exposure to risk and taking whatever action is necessary to minimize its impact".

answer

Risk Management

question

What challenge does the non-spectator sport sector face as the industry continues to grow?

answer

Increasingly large capital investments are needed to be able to continue to generate revenue.

question

Finance within the sports industry is unique from other industries with a unique set of terminology.

answer

True

question

Which of the following statements is true?

answer

All of the above (Major League Baseball is the only professional sport league exempt from antitrust laws, All professional sports leagues' national broadcasting agreements are exempt from antitrust laws and Professional sport leagues' collective bargaining agreements are exempt from antitrust law under the labor exemption.)

question

Approximately how many athletes are in the 4 major sports leagues?

answer

4300

question

One in every five humans lives in what country?

answer

China

question

Negligence occurs when a person acts with the intent to injure another person.

answer

False

question

A court can have jurisdiction over___________ involved in a legal dispute

answer

both the people and the legal issue

question

All of the following are reasons why sport managers should be very careful when using human mascots EXCEPT:

answer

They are illegal

question

Symbols can be:

answer

All of the above (A gator or bulldog, Anything that carries a particular meaning for the members of a group or A word, gesture, or object)

question

Taking a controlling interest in a foreign company is termed ________________.

answer

Foreign Direct Investment

question

The study of International Sport Business also encompasses what other academic area?

answer

All of the above (Anthropology, History, economics)

question

Which of the following components is not a common element found in many sport tourism definitions?

answer

Social Elements

question

As presented in our slides, which one of the following categories is not a supplier of sport tourism?

answer

Recreation

question

With regards to event management, D.I.M. is an acronym for:

answer

Developing, Implementing, Managing

question

A component of risk management is to proactively protect event organizers from potential losses such as revenue, goodwill, and market share.

answer

True

question

The World Cup(s) in what sport led to the creation of two new professional leagues?

answer

Soccer

question

An example of a class division in sport is:

answer

Club youth leagues charging participation fees

question

If the NBA took a controlling interest in the Chinese Basketball Association (a foreign company), it would be an example of a:

answer

Foreign Direct Investment

question

Globalization refers to the increasing integration of economies around the world, particularly through trade and financial interaction, and includes the movement of people or labor, and knowledge or technology, across borders.

answer

True

question

Which of the following categories you would say could be identified as sport tourism markets?

answer

Both A and B (Athletes and Spectators)

question

The World Cup is which type of event:

answer

Mega Event

question

Due to the recruiting of older foreign student-athletes by U.S. college coaches, the NCAA has implemented a rule whereby a student-athlete loses a year of eligibility for every year any student-athlete competes after his or her twentieth birthday.

answer

True

question

Globalization refers to cross border interaction.

answer

True

question

What new professional league in the U.S. was developed after the 1994 World Cup and took advantage of a well-developed grassroots sports program?

answer

Major League Soccer (MLS).

question

Why do economists suggest that revenue sharing, in and of itself, will do little to improve competitive balance?

answer

Teams receiving revenue-sharing transfers may have little incentive to use the money to increase payroll, simply choosing to retain the transfer as added profit.

question

As chronicled in the book Moneyball, the strategy employed by the small-market Oakland A's general manager Billy Beane to better compete with large-market teams by identifying and acquiring undervalued players is an example of an organization maximizing its ______.

answer

return on investment

question

For purposes of due process, college scholarships from state universities are considered property which cannot be taken away without providing the right to notice and a hearing.

answer

True

question

If an athlete is asked why he or she strives to win, a common response would be:

answer

"because that's what sports are about."

question

As professional sports grew and became televised nationally opportunities for athletes to endorse products decreased.

answer

False

question

Which of the following brands is not owned by Nike?

answer

Under Armour (athletic apparel)

question

Sport law refers to proscribed rules and regulations specifically related to sport and enforced by police power.

answer

False

question

_______ is defined as "the formal process of assessing exposure to risk and taking whatever action is necessary to minimize its impact".

answer

Risk Management

question

SportBusiness Journal estimates that total spending across the entire sports industry amounted to approximately ______ in 2006

answer

$214 billion

question

The average player salary in the NBA is now approximately ________.

answer

$5.8 million

question

A valid contract contains which of the following elements:

answer

All of the above

question

_____ affect other people in a way that personal preferences do not

answer

Ethical decisions

question

There is no uniform coaching contract

answer

True

question

Manufacturers such as New Balance have very few staff positions in marketing and sales.

answer

False

question

The most important area of law of concern to future sport managers concerns ________

answer

Negligence

question

All of the following are examples of sexist nicknames EXCEPT:

answer

Yellow Jackets

question

According to the Event Management lecture, all of the following are types of event insurance except:

answer

Poor play or performance

question

The USOC (U.S. Olympic Committee) is an example of:

answer

A National Organizing Committee

SPM2000 Exam 2 Review – Flashcards

Unlock all answers in this set

Haven't found what you were looking for?

Search for samples, answers to your questions and flashcards