SEM II 1.01-1.05 Review Question Preview (ID: 37807)


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When a sporting-goods manufacturer decides to sell to businesses located in another country, it should consider which situation about the country?
a) Profit margins
b) Trade restrictions
c) Cost of goods
d) Selling motives

Which are trade barriers that are likely to limit a sports equipment manufacturer’s ability to export its products to foreign countries?
a) Trade agreements and industrialization
b) Licenses and outputs
c) Quotas and tariffs
d) Globalization and embargoes

Which presents the greatest challenge for U.S. companies when developing a plan to sell movies in foreign countries?
a) Language barrier in promotions
b) Cost of foreign monetary exchanges
c) Uncertainty about government policies
d) Lack of interest by foreign customers

Which is an example of a governing body in the sports industry?
a) International Olympic Committee
b) NCAA Men’s Basketball Championship
c) Washington Nationals baseball team
d) Rahal Letterman Lanigan Racing

Salaries, contracts, and profit sharing are often the issues that create conflicts between sports’ leagues and which other party?
a) Team owners
b) Sponsoring organizations
c) Individual managers
d) Associations of players

When professional athletes’ unions negotiate salaries, playing conditions, and contract terms as a single unit, they are engaging in which activity?
a) Competitive advantage
b) Labor resistance
c) Free agency
d) Collective bargaining

When negotiated agreements between the players’ union and the owners’ organization are unreachable, the players might vote to determine if they should do which activity?
a) Go on strike
b) Play for international leagues
c) Become free agents
d) Ask for fan support

Which is an unfair, anti-competitive trade practice in sports or event marketing?
a) Trademark infringement
b) Loss prevention
c) Employee strike
d) Sponsorship exclusivity

When a league blocks the broadcast of a certain game in a territory, it is known as which activity?
a) Antitrust violation
b) Blackout
c) Injunction
d) Right of publicity

Which is an unacceptable place to use an athlete’s or celebrity’s identity without permission?
a) In a magazine
b) On a company’s advertisements
c) In a book
d) On the news

Which law makes restraining free trade and competition illegal?
a) The Sherman Antitrust Act
b) The Lanham Act
c) The National Labor Relations Act
d) The Sports Broadcasting Act of 1961

Who do athletes sometimes hire to help them organize charity tournaments?
a) Marketing firms
b) Sponsors
c) Agents
d) Recruiters

Which is an activity that agents perform on behalf of the athletes they represent?
a) Team contract negotiations only
b) Hall of fame endorsements
c) Various contract negotiations
d) Team valuation services

The best way to avoid buying counterfeit tickets to a game or event is to purchase them from where?
a) Reputable scalpers
b) Unknown or unfamiliar third parties
c) Online auction sites
d) Official ticket outlets

The National Hockey Association drafted Ty Hartman. Ty hired Amanda Bingham to help him make sound business decisions, and to negotiate endorsement contracts with well-known companies. Amanda serves which role for Ty?
a) Sponsor
b) Agent
c) Mentor
d) Publicist

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