SPMT 217

Flashcard maker : Lily Taylor
What is the only sports league to ban corporate ownership?
NFL
In professional sports, the commissioner has discretionary power in all of the following areas except
Resolution of disputes over player compensation
Strikes are much more disruptive in pro sports than in mainstream business because
Players have unique talents and cannot be replaced with temporary workers.
As a general rule, league revenues include which of the following?
Local broadcasting revenues
Stadium sponsorships
Preferred seat sales
>>>None of the above<<<
What percentage of NBA television revenues and merchandise sales come from foreign markets?
40% of each
In 2004, how many international players declared themselves eligible for the NBA draft?
38
____________ has emerged as a method for leagues to establish themselves in a manner that avoids antitrust liability and creates centralized fiscal control.
The single-entity structure
John Montgomery Ward founded the first baseball players union in 1890 to fight what practice(s) by baseball team owners?
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 <<<
Leagues derive the bulk of their revenues from gate receipts.
TRUE
In 1876, North America’s first professional league, the National League, was organized.
TRUE
According to Much and Gotto (1997), what are the two most important factors in determining a sports franchise’s value?
The degree of league revenue sharing and the stability of a league’s labor situation.
Although the NFL bans public ownership, it has made an exception for what team?
The Green Bay Packers
What is not a revenue that is shared under league revenue sharing systems?
Luxury seating revenue
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?
Women’s Tennis
The privileges granted to owners that come with team ownership are called __________.
franchise rights
The two most important factors in determining a sports franchise’s value are:
The degree of league revenue sharing and the stability of a league’s labor situation.
What is the only publicly owned NFL team?
The Green Bay Packers
Kennesaw Mountain Landis was the first commissioner of a major professional sport league. For what league was he commissioner?
Major League Baseball
Ownership of more than one sport franchise is called:
cross-ownership
Owners are granted what type of rights upon buying a team?
franchise rights
Leagues derive the bulk of their revenues from sponsorships.
FALSE
The PGA Tour drug testing program is currently in accordance with WADA policies.
FALSE
The WNBA league and teams are primarily male operated organizations.
TRUE
The earliest golf tournaments raised money for the Red Cross during World War I.
TRUE
Who is often called the first sports agent?
C.C. Pyle
The two players who staged a joint holdout for a higher salary were?
Sandy Koufax and Don Drysdale
One of the first agents to represent individual athletes and a pioneer of the sport marketing industry is:
Mark McCormack
Which of the following does not describe the functions performed by a sport agent?
Negotiating the collective bargaining contract for the player or coach
What football agent was sentenced to five years in prison for swindling NFL players he represented?
Tank Black
What is the name of the federal law signed by President George W. Bush regulating the conduct of sport agents?
SPARTA
The oldest and most established sport agency is SFX sports group?
FALSE
The sports agent should not be concerned with marketing his or her client.
FALSE
A sport agent does not need to be a lawyer.
TRUE
Athletes have always had agents.
FALSE
Currently, how many athletes are in the four major sports leagues?
4,200
A collective bargaining agreement is
A contract for all players in the league
Which one of the following companies is not currently one of the three largest sport management companies?
ProServ
The three models for a sport agency business do not include the following:
A players association and a sport management firm
The most devastating problem that an athlete may have with his or her agent is probably the following:
Income mismanagement
The average salary of NBA coaches is $3 million.
TRUE
Many lawsuits concerning sport agents’ incompetence, fraud, and breach of fiduciary duties involve financial planning and investing.
TRUE
The first players association to negotiate the right for players to be represented by agents was the:
Major League Baseball Players Association
A collective bargaining agreement is:
a contract for all players in the league
The three (3) models for a sport agency business does not include:
a players association and a sport management firm
Tank Black is
the name of a secret United States government weapon
The MLBPA limits agent’s fees to what percentage of the player’s income?
no limit to fees charged
Who was the “endorsement king of the pre- Michael Jordan era”?
Arnold Palmer
When negotiating an endorsement contract the agent should be certain to maintain the client’s exclusive rights and control over his or her:
image and other endorsements
An agent must help an athlete with the transition from a professional playing career as an athlete and:
with post career planning and retirement
How many states regulate agents?
41
Which of the following sports was the last used by arena owners in order to maximize their revenues?
boxing
Which of the following is not a way owners have maximized revenues in modern arenas and stadiums?
modernized locker rooms
What type of indoor facilities is built with the primary purpose of hosting sporting and entertainment events?
arenas
What type of outdoor or domed facilities is built with the intention of housing sporting and entertainment events?
stadiums
What type of facilities is built to lure business meetings to a municipality?
convention centers
What type of facilities is primarily utilized for the presentation of live artistic entertainment?
theatres
The main nonsport events for stadiums are:
concerts given by performers
Hockey and basketball have more compatible sightlines than do football and basketball.
TRUE
Recent publicly financed sports facilities have proven not to earn great return on investment.
TRUE
Following the Americans with Disabilities Act, if a facility renovates, the whole facility must be brought into compliance with the act.
FALSE
Public assembly facilities have existed since
Ancient times
Older ballparks like Fenway Park and Ebbets Field were built with irregular shapes and sizes in order to
Accommodate urban space limitations
The youngest of the four major North American sports is
Basketball
___________ 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.
Bonds
Increases in all of the following taxes would directly affect the majority of the population of a community except
Hospitality tax
_____________ act primarily as in-house advertising agents for the various events booked into facilities.
Marketing directors
The ___________ acts as the point person for the facility in managing each game or show.
Event director
Because of the Americans with Disabilities Act, many stadiums have become more wheelchair accessible in all of the following areas except
Front-row seating
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.
FALSE
It is commonly more difficult for an arena manager to maximize the facility’s booking than a stadium manager.
FALSE
All of the following were publicly financed stadiums efficiently built with the intention of housing both a football team and a baseball team except:
Riverfront Stadium (Cincinnati)
Veterans Stadium (Philadelphia)
>>>Meadowlands (Northern New Jersey)<<< Three Rivers Stadium (Pittsburgh)
____________ are indoor facilities with the primary purpose of hosting sporting and entertainment events.
Arenas
_________________ are public assembly facilities primarily utilized for the presentation of live artistic entertainment.
Stadiums
Throughout the history of sport facility financing, the money to build facilities is usually obtained through:
bonds
All of the following are major advantages to private management of public assembly facilities except:
labor negotiation resources
>>>better sport team performance<<< operational efficiencies easier event booking
The ____________ is responsible for the sale of all tickets to an event along with the collection of all ticket revenues.
box office director
International Management Group (IMG) was founded in 1960 by:
Mark McCormack
The function of client marketing involves:
developing entertainment extensions for clients
locating appropriate endorsement opportunities for clients
booking personal appearances for clients
>>>all of the above<<<
All of the following statements about market research is true except:
Market research prepares financial statements for companies.
Zero-base budgeting requires:
a review of all activities and related costs of an event as if it were the first time
Sport events typically seek advertising of their event through:
trade-out sponsorships with media outlets
Jack Nicklaus was instrumental in the founding of IMG in 1960.
FALSE
Grassroots programs generate marginal profits for their organizations.
TRUE
Market research is not an effective way to study sponsorship activities.
FALSE
Zero-base budgeting means accounting for the receipt and timing of all sources and expenditures of cash.
FALSE
The validity of waivers used by events to reduce the potential for a lawsuit will vary, depending on what state the event is in.
TRUE
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
A desire to increase profits
The Summer and Winter X-Games are managed by
ESPN
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
Grassroots program
When a company such as Visa handles all of its sports-related activities internally, it is known as
An in-house agency
When a sport management/marketing agency limits either the scope of services performed or the type of clients serviced, it is known as
A specialized agency
Zero-base budgeting
Requires a review of all activities and related costs of an event as if it were the first time
A common tool used by events to reduce the potential for a lawsuit is
Using a waiver and release of liability form
During this event management function, event staff members come into contact with participants for the first time.
Registration
An internship is almost always required prior to being hired for an entry-level position in event management.
TRUE
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.
TRUE
A sport management/marketing agency is defined as:
a business that represents the legal and marketing interests of athletes
International Management Group (IMG) was originally formed to:
locate endorsement opportunities for a professional golfer
When a company such as Visa handles all of its sports-related activities internally, it is known as:
an in-house agency
When a sport management/marketing agency limits either the scope of services performed or the type of clients serviced, it is known as:
a specialized agency
When a sport management/marketing agency focuses exclusively on advising corporations on how to maximize their involvement with sponsorship opportunities, it is known as:
a specialized agency
The sale of licensed merchandise, items that display an events name or logo, is beneficial for what type of event?
Large, televised, multiday events
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:
a full-service agency
What is one way that college and universities facing budget setbacks can make up for a shortfall in personnel?
Hiring graduate assistants
What should a cover letter not do?
Restate your resume
When deciding with which professionals to conduct informational interviews, students should consider which of the following categories of people?
Relatives
Friends
Alumni
>>>All of the Above<<<
A good resume has all of the following characteristics except which one?
Is two pages long
Which of the following is not a professional organization that could provide networking opportunities for students?
NABA
Which of the following is not one of the three phases of an effective interview?
Prospect
Which of the following should you list under the education section of a resume?
Dean’s list
International student exchange
Scholarships received
>>>All of the above should be listed under education.<<
Which of the following should you do during a job search?
Keep a well-documented journal
It is illegal for an employer to ask you questions about which of the following topics?
Marital status
Sexual orientation
Age
>>>All of the above.<<<
Sport management jobs pay as much as jobs in most other industries.
FALSE
Which of the following describes an internship?
Allows students to establish a network
Hands-on learning experience
Allows students initial access to the industry
>>>All of the above describe an internship<<<
What type of questions are asked during a behavioral interview?
Questions that probe for specific examples
Questions regarding which of the following topics do not have to be answered in an interview?
Marital status
Which of the following statements is not true regarding a cover letter?
Use a similar letter for all job applications
A good resume has all of the following characteristics except which one?
Quantifies work experience
>>>Is printed on good paper<<< Contains an objective statement Is two pages long
Which of the following is not a professional organization that could provide networking opportunities for students?
NABA
Salaries in sport management jobs are less than in most other industries.
TRUE
Students often get jobs in sport management based on who they know.
TRUE
How long is a typical work week for an event coordinator?
60 to 70 hours
In which of the following areas of the sport industry can a student gain sport management experience while in college?
College athletic departments
Facilities
Health clubs
>>>All of the above<<<
Which of the following skills should you include in a skills section on your resume?
Languages
Web design
Ticketing systems
>>>All of the above<<<
What is one way that college and universities facing budget setbacks make up for a shortfall in personnel?
Hiring graduate assistants
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?
Volunteer for sport events
Get an internship
Work part-time at a health club
>>>All of the above will provide experience<<<
Which of the following is not true of the experience section of a resume?
Begin each line with a noun
There is a high turnover rate in professional sport jobs.
FALSE
Which of the following describes an internship?

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