SEM II Section 1.01 - 1.05

Question 1

When a manufacturer decides to sell to businesses in another country, it should consider

Accepted Answer

trade restrictions

Question 2

When professional athletes negotiate contract terms as a single unit, their unionis engaging in

Accepted Answer

collective bargaining.

Question 3

Trade barriers that are likely to limit a sport-equipment manufacturer's ability to export

Accepted Answer

Quotas and tariffs

Question 4

What do athletes sometimes hire to help them organize charity tournaments?

Accepted Answer

marketing firms

Question 5

Which of the following is an activity agents perform on behalf of the athletes they represent:

Accepted Answer

Various contract negotiations

Question 6

Negotiations between players and the owners can't be reached, the players might

Accepted Answer

go on strike.

Question 7

Which law makes restraining free trade and competition illegal?

Accepted Answer

The Sherman Antitrust Act

Question 8

Is the greatest challenge for U.S. when developing a plan to sell movies in foreign countries:

Accepted Answer

Uncertainty about government policies

Question 9

Which of the following is an example of a governing body in the sport industry:

Accepted Answer

International Olympic Committee

Question 10

Athletes negotiate salaries, contracts, etc. as a single unit, their union is engaging in

Accepted Answer

collective bargaining.

Question 11

Salaries and contracts are often the issues that create conflicts between sports' leagues and

Accepted Answer

players' associations.

Question 12

When a league blocks the broadcast of a certain game in a certain territory, it is known as a

Accepted Answer

blackout

Question 13

Which are trade barriers likely to limit a manufacturer's ability to export its products

Accepted Answer

Quotas and tariffs

Question 14

The best way to avoid buying counterfeit tickets to a game/event is to purchase them

Accepted Answer

at official ticket outlets.

Questions 14