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2024 SPORT INDUSTRY FINAL EXAM WITH CORRECT ANSWERS
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2024 SPORT INDUSTRY FINAL EXAM WITH CORRECT ANSWERS
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2024 SPORT INDUSTRY FINALEXAM WITH CORRECT ANSWERS
I offered you a "secret to success" in the sport industry. What's that one key
secret? - CORRECT-ANSWERS"Start being a professional today!"
I suggested three steps you should take to turn the secret referenced above
into reality. What are they? - CORRECT-ANSWERSfollow the news, network in
your field, start the job search
What's the name of the measurement the NCAA uses to track academic
progress of student-athletes and, by extension, member school's athletics
programs. - CORRECT-ANSWERSThe Academic Progress Rate
Name the federal law that allows workers, including pro athletes, to form
labor unions. - CORRECT-ANSWERSThe National Labor Relations Act,
commonly called the Wagner Act in honor of New York Senator Robert
Wagner, Sr.
Under federal law, labor unions and management bargain over three main
areas of concern. What are they? - CORRECT-ANSWERSWages, hours and
working conditions
Name the executive director of the Major League Baseball Players
Association from 1966-83 who's considered the founder of modern sports
unions. - CORRECT-ANSWERSMarvin Miller
When the MLBPA executive referenced in #22 above took over, he wanted to
make changes in three areas. Name them. - CORRECT-ANSWERSMinimum
salary, the MLB pension plan and, most importantly, the reserve clause
Name the current executive directors of the NFLPA and the NBPA. -
CORRECT-ANSWERSNFLPA: DeMaurice Smith; NBPA: Michele Roberts.
Roberts is the first woman to be executive director of one of the major sports
unions.
The funder of the modern Olympic movement was: - CORRECT-
ANSWERSBaron Pierre de Coubertin
, Name the president of the International Olympic Committee who "opened"
the games, allowing professionals to compete openly. - CORRECT-
ANSWERSJuan Antonio Samaranch
The current president of the IOC is: - CORRECT-ANSWERSThomas Bach
Name the host city for the 2018 Winter Olympics? The host city of the 2020
Summer Olympics? - CORRECT-ANSWERSThe 2018 Winter Olympics will be
held in PyeongChang in South Korea.
The Summer Games in 2020 will be held in Tokyo.
The IOC will name the host city for the 2024 summer games later this year.
Boston had hoped for the bid, but that didn't work out Name the only US city
among the remaining candidates. - CORRECT-ANSWERSLos Angeles
Plunkett Research estimated the total value of the U.S. sport industry in
2015 was - CORRECT-ANSWERS$472 billion
Again according to Plunkett Research, the annual combined revenue for the
National Football League in 2014/15 was - CORRECT-ANSWERS$11.1 billion
TRUE OR FALSE: Combined revenue for the NFL (11.1 billion) exceeds the
combined revenue (9.2 billion) for both the National Basketball Association
(5.2 billion) and the National Hockey League (4 billion). - CORRECT-
ANSWERStrue
TRUE OR FALSE: Combined revenue for Major League Baseball is $8.4 billion,
so it doesn't exceed the combined revenue for both the National Basketball
Association and the National Hockey League. - CORRECT-ANSWERSFalse
Austrian economist Joseph Schumpeter spoke of the "creative destruction" of
entrepreneurial capitalism. Briefly define "creative destruction." - CORRECT-
ANSWERSfrom the E-Reader: "Innovation by the entrepreneurs, argued
Schumpeter, leads to gales of 'creative destruction' as innovations cause old
inventories, ideas, technologies, skills and equipment to become
obsolete....This creative destruction, he believed, causes continuous
progress and improves the standard of living for everyone."
Name the sports entrepreneur who founded TVS, the first network to telecast
college basketball games, including the NCAA tournament, across the
country. - CORRECT-ANSWERSEddie Einhorn
Name the big league baseball team once owned by the entrepreneur
mentioned in #8 - CORRECT-ANSWERSChicago White Sox
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