question

What is the only sports league to ban corporate ownership?

answer

NFL

question

In professional sports, the commissioner has discretionary power in all of the following areas except

answer

Resolution of disputes over player compensation

question

Strikes are much more disruptive in pro sports than in mainstream business because

answer

Players have unique talents and cannot be replaced with temporary workers.

question

As a general rule, league revenues include which of the following?

answer

Local broadcasting revenues Stadium sponsorships Preferred seat sales >>>None of the above<<<

question

What percentage of NBA television revenues and merchandise sales come from foreign markets?

answer

40% of each

question

In 2004, how many international players declared themselves eligible for the NBA draft?

answer

38

question

____________ has emerged as a method for leagues to establish themselves in a manner that avoids antitrust liability and creates centralized fiscal control.

answer

The single-entity structure

question

John Montgomery Ward founded the first baseball players union in 1890 to fight what practice(s) by baseball team owners?

answer

Salary caps Baseball's reserve system Baseball's practice of selling players without the players receiving a share of the profits >>> All of the above <<<

question

Leagues derive the bulk of their revenues from gate receipts.

answer

TRUE

question

In 1876, North America's first professional league, the National League, was organized.

answer

TRUE

question

According to Much and Gotto (1997), what are the two most important factors in determining a sports franchise's value?

answer

The degree of league revenue sharing and the stability of a league's labor situation.

question

Although the NFL bans public ownership, it has made an exception for what team?

answer

The Green Bay Packers

question

What is not a revenue that is shared under league revenue sharing systems?

answer

Luxury seating revenue

question

After the 1996 Olympics, a few women's professional sports leagues emerged. What women's sport was not among those to become a professional sport league?

answer

Women's Tennis

question

The privileges granted to owners that come with team ownership are called __________.

answer

franchise rights

question

The two most important factors in determining a sports franchise's value are:

answer

The degree of league revenue sharing and the stability of a league's labor situation.

question

What is the only publicly owned NFL team?

answer

The Green Bay Packers

question

Kennesaw Mountain Landis was the first commissioner of a major professional sport league. For what league was he commissioner?

answer

Major League Baseball

question

Ownership of more than one sport franchise is called:

answer

cross-ownership

question

Owners are granted what type of rights upon buying a team?

answer

franchise rights

question

Leagues derive the bulk of their revenues from sponsorships.

answer

FALSE

question

The PGA Tour drug testing program is currently in accordance with WADA policies.

answer

FALSE

question

The WNBA league and teams are primarily male operated organizations.

answer

TRUE

question

The earliest golf tournaments raised money for the Red Cross during World War I.

answer

TRUE

question

Who is often called the first sports agent?

answer

C.C. Pyle

question

The two players who staged a joint holdout for a higher salary were?

answer

Sandy Koufax and Don Drysdale

question

One of the first agents to represent individual athletes and a pioneer of the sport marketing industry is:

answer

Mark McCormack

question

Which of the following does not describe the functions performed by a sport agent?

answer

Negotiating the collective bargaining contract for the player or coach

question

What football agent was sentenced to five years in prison for swindling NFL players he represented?

answer

Tank Black

question

What is the name of the federal law signed by President George W. Bush regulating the conduct of sport agents?

answer

SPARTA

question

The oldest and most established sport agency is SFX sports group?

answer

FALSE

question

The sports agent should not be concerned with marketing his or her client.

answer

FALSE

question

A sport agent does not need to be a lawyer.

answer

TRUE

question

Athletes have always had agents.

answer

FALSE

question

Currently, how many athletes are in the four major sports leagues?

answer

4,200

question

A collective bargaining agreement is

answer

A contract for all players in the league

question

Which one of the following companies is not currently one of the three largest sport management companies?

answer

ProServ

question

The three models for a sport agency business do not include the following:

answer

A players association and a sport management firm

question

The most devastating problem that an athlete may have with his or her agent is probably the following:

answer

Income mismanagement

question

The average salary of NBA coaches is $3 million.

answer

TRUE

question

Many lawsuits concerning sport agents' incompetence, fraud, and breach of fiduciary duties involve financial planning and investing.

answer

TRUE

question

The first players association to negotiate the right for players to be represented by agents was the:

answer

Major League Baseball Players Association

question

A collective bargaining agreement is:

answer

a contract for all players in the league

question

The three (3) models for a sport agency business does not include:

answer

a players association and a sport management firm

question

Tank Black is

answer

the name of a secret United States government weapon

question

The MLBPA limits agent's fees to what percentage of the player's income?

answer

no limit to fees charged

question

Who was the "endorsement king of the pre- Michael Jordan era"?

answer

Arnold Palmer

question

When negotiating an endorsement contract the agent should be certain to maintain the client's exclusive rights and control over his or her:

answer

image and other endorsements

question

An agent must help an athlete with the transition from a professional playing career as an athlete and:

answer

with post career planning and retirement

question

How many states regulate agents?

answer

41

question

Which of the following sports was the last used by arena owners in order to maximize their revenues?

answer

boxing

question

Which of the following is not a way owners have maximized revenues in modern arenas and stadiums?

answer

modernized locker rooms

question

What type of indoor facilities is built with the primary purpose of hosting sporting and entertainment events?

answer

arenas

question

What type of outdoor or domed facilities is built with the intention of housing sporting and entertainment events?

answer

stadiums

question

What type of facilities is built to lure business meetings to a municipality?

answer

convention centers

question

What type of facilities is primarily utilized for the presentation of live artistic entertainment?

answer

theatres

question

The main nonsport events for stadiums are:

answer

concerts given by performers

question

Hockey and basketball have more compatible sightlines than do football and basketball.

answer

TRUE

question

Recent publicly financed sports facilities have proven not to earn great return on investment.

answer

TRUE

question

Following the Americans with Disabilities Act, if a facility renovates, the whole facility must be brought into compliance with the act.

answer

FALSE

question

Public assembly facilities have existed since

answer

Ancient times

question

Older ballparks like Fenway Park and Ebbets Field were built with irregular shapes and sizes in order to

answer

Accommodate urban space limitations

question

The youngest of the four major North American sports is

answer

Basketball

question

___________ are formally defined as a promise by the borrower to pay back the lender a specified amount of money, with interest, within a specified period of time.

answer

Bonds

question

Increases in all of the following taxes would directly affect the majority of the population of a community except

answer

Hospitality tax

question

_____________ act primarily as in-house advertising agents for the various events booked into facilities.

answer

Marketing directors

question

The ___________ acts as the point person for the facility in managing each game or show.

answer

Event director

question

Because of the Americans with Disabilities Act, many stadiums have become more wheelchair accessible in all of the following areas except

answer

Front-row seating

question

The widespread belief that publicly financed arenas and stadiums were economically a good investment for cities has not waned since the arena construction boom of the 1960s.

answer

FALSE

question

It is commonly more difficult for an arena manager to maximize the facility's booking than a stadium manager.

answer

FALSE

question

All of the following were publicly financed stadiums efficiently built with the intention of housing both a football team and a baseball team except:

answer

Riverfront Stadium (Cincinnati) Veterans Stadium (Philadelphia) ;;;Meadowlands (Northern New Jersey);;; Three Rivers Stadium (Pittsburgh)

question

____________ are indoor facilities with the primary purpose of hosting sporting and entertainment events.

answer

Arenas

question

_________________ are public assembly facilities primarily utilized for the presentation of live artistic entertainment.

answer

Stadiums

question

Throughout the history of sport facility financing, the money to build facilities is usually obtained through:

answer

bonds

question

All of the following are major advantages to private management of public assembly facilities except:

answer

labor negotiation resources ;;;better sport team performance;;; operational efficiencies easier event booking

question

The ____________ is responsible for the sale of all tickets to an event along with the collection of all ticket revenues.

answer

box office director

question

International Management Group (IMG) was founded in 1960 by:

answer

Mark McCormack

question

The function of client marketing involves:

answer

developing entertainment extensions for clients locating appropriate endorsement opportunities for clients booking personal appearances for clients ;;;all of the above;;;

question

All of the following statements about market research is true except:

answer

Market research prepares financial statements for companies.

question

Zero-base budgeting requires:

answer

a review of all activities and related costs of an event as if it were the first time

question

Sport events typically seek advertising of their event through:

answer

trade-out sponsorships with media outlets

question

Jack Nicklaus was instrumental in the founding of IMG in 1960.

answer

FALSE

question

Grassroots programs generate marginal profits for their organizations.

answer

TRUE

question

Market research is not an effective way to study sponsorship activities.

answer

FALSE

question

Zero-base budgeting means accounting for the receipt and timing of all sources and expenditures of cash.

answer

FALSE

question

The validity of waivers used by events to reduce the potential for a lawsuit will vary, depending on what state the event is in.

answer

TRUE

question

A more professional focus regarding the running of events started to evolve in the late 1800s. The catalyst for the emphasis on a professional focus was

answer

A desire to increase profits

question

The Summer and Winter X-Games are managed by

answer

ESPN

question

In 2002 and 2003, the NHL visited 21 cities through its NHL Hockey Rules Ice and Inline Hockey Tour program. This type of program is called a

answer

Grassroots program

question

When a company such as Visa handles all of its sports-related activities internally, it is known as

answer

An in-house agency

question

When a sport management/marketing agency limits either the scope of services performed or the type of clients serviced, it is known as

answer

A specialized agency

question

Zero-base budgeting

answer

Requires a review of all activities and related costs of an event as if it were the first time

question

A common tool used by events to reduce the potential for a lawsuit is

answer

Using a waiver and release of liability form

question

During this event management function, event staff members come into contact with participants for the first time.

answer

Registration

question

An internship is almost always required prior to being hired for an entry-level position in event management.

answer

TRUE

question

The creation of the SFX Sports Group in 1999, in which SFX acquired companies with diverse capabilities, is an example of the benefits of vertical integration.

answer

TRUE

question

A sport management/marketing agency is defined as:

answer

a business that represents the legal and marketing interests of athletes

question

International Management Group (IMG) was originally formed to:

answer

locate endorsement opportunities for a professional golfer

question

When a company such as Visa handles all of its sports-related activities internally, it is known as:

answer

an in-house agency

question

When a sport management/marketing agency limits either the scope of services performed or the type of clients serviced, it is known as:

answer

a specialized agency

question

When a sport management/marketing agency focuses exclusively on advising corporations on how to maximize their involvement with sponsorship opportunities, it is known as:

answer

a specialized agency

question

The sale of licensed merchandise, items that display an events name or logo, is beneficial for what type of event?

answer

Large, televised, multiday events

question

Vertical integration refers to the efforts of a sport management/marketing agency to control all aspects of an event. This is a tactic commonly employed by:

answer

a full-service agency

question

What is one way that college and universities facing budget setbacks can make up for a shortfall in personnel?

answer

Hiring graduate assistants

question

What should a cover letter not do?

answer

Restate your resume

question

When deciding with which professionals to conduct informational interviews, students should consider which of the following categories of people?

answer

Relatives Friends Alumni ;;;All of the Above;;;

question

A good resume has all of the following characteristics except which one?

answer

Is two pages long

question

Which of the following is not a professional organization that could provide networking opportunities for students?

answer

NABA

question

Which of the following is not one of the three phases of an effective interview?

answer

Prospect

question

Which of the following should you list under the education section of a resume?

answer

Dean's list International student exchange Scholarships received >>>All of the above should be listed under education.<<

question

Which of the following should you do during a job search?

answer

Keep a well-documented journal

question

It is illegal for an employer to ask you questions about which of the following topics?

answer

Marital status Sexual orientation Age >>>All of the above.<<<

question

Sport management jobs pay as much as jobs in most other industries.

answer

FALSE

question

Which of the following describes an internship?

answer

Allows students to establish a network Hands-on learning experience Allows students initial access to the industry >>>All of the above describe an internship<<<

question

What type of questions are asked during a behavioral interview?

answer

Questions that probe for specific examples

question

Questions regarding which of the following topics do not have to be answered in an interview?

answer

Marital status

question

Which of the following statements is not true regarding a cover letter?

answer

Use a similar letter for all job applications

question

A good resume has all of the following characteristics except which one?

answer

Quantifies work experience >>>Is printed on good paper<<< Contains an objective statement Is two pages long

question

Which of the following is not a professional organization that could provide networking opportunities for students?

answer

NABA

question

Salaries in sport management jobs are less than in most other industries.

answer

TRUE

question

Students often get jobs in sport management based on who they know.

answer

TRUE

question

How long is a typical work week for an event coordinator?

answer

60 to 70 hours

question

In which of the following areas of the sport industry can a student gain sport management experience while in college?

answer

College athletic departments Facilities Health clubs >>>All of the above<<<

question

Which of the following skills should you include in a skills section on your resume?

answer

Languages Web design Ticketing systems >>>All of the above<<<

question

What is one way that college and universities facing budget setbacks make up for a shortfall in personnel?

answer

Hiring graduate assistants

question

As a student, you'd like to gain sport management experience while in college. Which of the following is not a good way to do that?

answer

Volunteer for sport events Get an internship Work part-time at a health club ;;;All of the above will provide experience;;;

question

Which of the following is not true of the experience section of a resume?

answer

Begin each line with a noun

question

There is a high turnover rate in professional sport jobs.

answer

FALSE

SPMT 217 – Flashcard

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