Question 1

The National Hockey League was established in 1917 with a total of four teams.These teams were in which of the following cities?

Accepted Answer

A) Toronto,Montreal,and Ottawa 
B) Toronto,Montreal,Winnipeg,and Saskatoon 
C) Montreal,Hamilton,London,and Vancouver 
D) Winnipeg,Ottawa,and Toronto 
A) Toronto,Montreal,and Ottawa 
B) Toronto,Montreal,Winnipeg,and Saskatoon 
C) Montreal,Hamilton,London,and Vancouver 
D) Winnipeg,Ottawa,and Toronto A

Question 2

In terms of U.S.millions of dollars,which of the following Canadian professional sports franchises is the most valuable?

Accepted Answer

A) Edmonton Eskimos 
B) Calgary Flames 
C) Toronto Raptors 
D) Toronto Maple Leafs 
A) Edmonton Eskimos 
B) Calgary Flames 
C) Toronto Raptors 
D) Toronto Maple Leafs D

Question 3

Which of the following does not predict attendance at a professional sporting even as well as the others?

Accepted Answer

A) market size of the home team 
B) performance of the team in the last season 
C) team performance in the last few games 
D) higher ticket prices than last season 
A) market size of the home team 
B) performance of the team in the last season 
C) team performance in the last few games 
D) higher ticket prices than last season D

Question 4

A market with only one seller is referred as a/an:

Accepted Answer

A) monopsony 
B) cartel 
C) oligarchy 
D) monopoly 
A) monopsony 
B) cartel 
C) oligarchy 
D) monopoly

Question 5

The International Olympic Committee is a:

Accepted Answer

A) monopsony 
B) cartel 
C) monopoly 
D) oligarchy 
A) monopsony 
B) cartel 
C) monopoly 
D) oligarchy

Question 6

Why is the NHL most commonly associated with the idea of a small market franchise?

Accepted Answer

A) Canadian franchises pay their players in Canadian,not American,dollars. 
B) Of all professional sports leagues,the NHL has the lowest proportion of Canadian teams. 
C) Each team in the NHL generates greater revenue in terms of broadcasting rights than other leagues' teams. 
D) The NHL is deeply rooted in Canadian identity. 
A) Canadian franchises pay their players in Canadian,not American,dollars. 
B) Of all professional sports leagues,the NHL has the lowest proportion of Canadian teams. 
C) Each team in the NHL generates greater revenue in terms of broadcasting rights than other leagues' teams. 
D) The NHL is deeply rooted in Canadian identity.

Question 7

The NHL negotiates with television networks for broadcast rights fees.The return in excess of the resource owner's opportunity costs in this instance is referred to as:

Accepted Answer

A) cartel behaviour 
B) economic rent 
C) monopsony 
D) oligarchical behaviour 
A) cartel behaviour 
B) economic rent 
C) monopsony 
D) oligarchical behaviour

Question 8

Of the 149 teams discussed in the chapter on the business of sport,only one has a black man as its principal owner.Which team?

Accepted Answer

A) Edmonton Eskimos 
B) Charlotte Bobcats 
C) Green Bay Packers 
D) Winnipeg Jets 
A) Edmonton Eskimos 
B) Charlotte Bobcats 
C) Green Bay Packers 
D) Winnipeg Jets

Question 9

Which of the following best reflects price discrimination in professional sports ticket sales?

Accepted Answer

A) a discount for students at a MLB game 
B) higher cost for seats closer to the ice at a hockey game 
C) seats behind or close to a pillar at a NBA game 
D) seats in the "nosebleed" section of an arena 
A) a discount for students at a MLB game 
B) higher cost for seats closer to the ice at a hockey game 
C) seats behind or close to a pillar at a NBA game 
D) seats in the "nosebleed" section of an arena

Question 10

A work stoppage in a professional sports league that involves the ownership not allowing the players to perform,even though they are willing,is referred to as a:

Accepted Answer

A) lockout 
B) strike 
C) cartel 
D) collective bargain 
A) lockout 
B) strike 
C) cartel 
D) collective bargain

Question 11

North American sports franchises generate revenue from five sources.Which of the following is NOT one of these sources?

Accepted Answer

A) game day ticket sales,concessions,and parking 
B) local television and radio broadcasting agreements 
C) international advertising 
D) postseason appearance revenue 
A) game day ticket sales,concessions,and parking 
B) local television and radio broadcasting agreements 
C) international advertising 
D) postseason appearance revenue

Question 12

Sports leagues undertake two types of cooperative action:

Accepted Answer

A) single-entity and joint venture cooperation 
B) monopolistic and oligarchical cooperation 
C) forms of monopsony and monopoly 
D) cartel and economic rent cooperation 
A) single-entity and joint venture cooperation 
B) monopolistic and oligarchical cooperation 
C) forms of monopsony and monopoly 
D) cartel and economic rent cooperation

Question 13

Which of the following does NOT exemplify a type of single-entity cooperation by sports leagues?

Accepted Answer

A) establishing a league schedule 
B) establishing rules and regulations for play 
C) establishing a process for determining the league champion 
D) merchandising arrangements 
A) establishing a league schedule 
B) establishing rules and regulations for play 
C) establishing a process for determining the league champion 
D) merchandising arrangements

Question 14

How does the market power generated by professional sports leagues reduce consumer welfare?

Accepted Answer

A) Cartel behaviour allows sports leagues to grant access to greater numbers of fans than ever before. 
B) By restricting output,leagues deny access to live professional sports to fans in cities that would otherwise be able to support a team. 
C) By reducing ticket prices,all fans can attend a game or watch games on television. 
D) Revenue sharing and restricting players' movements represent a unique and beneficial feature of monopsony behaviour. 
A) Cartel behaviour allows sports leagues to grant access to greater numbers of fans than ever before. 
B) By restricting output,leagues deny access to live professional sports to fans in cities that would otherwise be able to support a team. 
C) By reducing ticket prices,all fans can attend a game or watch games on television. 
D) Revenue sharing and restricting players' movements represent a unique and beneficial feature of monopsony behaviour.

Question 15

A _____ is a group of two or more firms that formally agree to coordinate their production and pricing decisions to maximize joint profits.

Accepted Answer

A) monopoly 
B) monopsony 
C) cartel 
D) free agency group 
A) monopoly 
B) monopsony 
C) cartel 
D) free agency group

Question 16

How have professional athletes responded to monopsony power?

Accepted Answer

A) by striking periodically throughout history for higher wages and control over the league 
B) by forming players' unions that exert monopoly power 
C) by not playing to the best of their ability in order to reduce ticket sales 
D) by phoning in sick before a game in a prearranged rotation 
A) by striking periodically throughout history for higher wages and control over the league 
B) by forming players' unions that exert monopoly power 
C) by not playing to the best of their ability in order to reduce ticket sales 
D) by phoning in sick before a game in a prearranged rotation

Question 17

Which of the following would you explain to a friend is most likely to be referred to as a niche sport?

Accepted Answer

A) baseball 
B) basketball 
C) hockey 
D) soccer 
A) baseball 
B) basketball 
C) hockey 
D) soccer

Question 18

Which of the following leagues/associations is currently the largest with 32 teams?

Accepted Answer

A) NBA 
B) NHL 
C) MLB 
D) NFL 
A) NBA 
B) NHL 
C) MLB 
D) NFL

Question 19

Which of the following is the best reason to bid on hosting the Olympic Games?

Accepted Answer

A) civic pride 
B) improved transport links in the host city 
C) a guaranteed tourism increase for many years 
D) a cost/benefit analysis of past games reveals a financial benefit 
A) civic pride 
B) improved transport links in the host city 
C) a guaranteed tourism increase for many years 
D) a cost/benefit analysis of past games reveals a financial benefit

Question 20

Which of the following is TRUE of the reserve clause?

Accepted Answer

A) While the reserve clause existed at the onset of professional sports leagues,it no longer exists in any form today. 
B) The reserve clause allows players the opportunity to negotiate with other teams for higher pay and other incentives. 
C) In North America,players must play a specified number of seasons according to the reserve clause and then qualify for free agency. 
D) The reserve clause has been,and is,promoted by players' associations as most beneficial for professional athletes. 
A) While the reserve clause existed at the onset of professional sports leagues,it no longer exists in any form today. 
B) The reserve clause allows players the opportunity to negotiate with other teams for higher pay and other incentives. 
C) In North America,players must play a specified number of seasons according to the reserve clause and then qualify for free agency. 
D) The reserve clause has been,and is,promoted by players' associations as most beneficial for professional athletes.

The National Hockey League was established in 1917 with a total of four teams.These teams were in which of the following cities?

In terms of U.S.millions of dollars,which of the following Canadian professional sports franchises is the most valuable?

Which of the following does not predict attendance at a professional sporting even as well as the others?

A market with only one seller is referred as a/an:

The International Olympic Committee is a:

Why is the NHL most commonly associated with the idea of a small market franchise?

The NHL negotiates with television networks for broadcast rights fees.The return in excess of the resource owner's opportunity costs in this instance is referred to as:

Of the 149 teams discussed in the chapter on the business of sport,only one has a black man as its principal owner.Which team?

Which of the following best reflects price discrimination in professional sports ticket sales?

A work stoppage in a professional sports league that involves the ownership not allowing the players to perform,even though they are willing,is referred to as a:

North American sports franchises generate revenue from five sources.Which of the following is NOT one of these sources?

Sports leagues undertake two types of cooperative action:

Which of the following does NOT exemplify a type of single-entity cooperation by sports leagues?

How does the market power generated by professional sports leagues reduce consumer welfare?

A _____ is a group of two or more firms that formally agree to coordinate their production and pricing decisions to maximize joint profits.

How have professional athletes responded to monopsony power?

Which of the following would you explain to a friend is most likely to be referred to as a niche sport?

Which of the following leagues/associations is currently the largest with 32 teams?

Which of the following is the best reason to bid on hosting the Olympic Games?

Which of the following is TRUE of the reserve clause?

Perspectives on the Social Dimensions of Sport and Physical Activity in Canada

Sociological Theories of Sport

Canadian Sport in Historical Perspective

Sport and Social Stratification

Ethnicity and Race in Canadian Sport

Sex, Gender, and Sexuality

Children, Youth, and Parental Involvement in Organized Sport

Sport Deviance

Violence

Sport and Physical Activity in Canadian Educational Systems

Sport, Media, and Ideology

Sports, Politics, and Policy

Globalization and Society

Sport and the Future

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Exam 13: The Business of Sport

The National Hockey League was established in 1917 with a total of four teams.These teams were in which of the following cities?

In terms of U.S.millions of dollars,which of the following Canadian professional sports franchises is the most valuable?

Which of the following does not predict attendance at a professional sporting even as well as the others?

A market with only one seller is referred as a/an:

The International Olympic Committee is a:

Why is the NHL most commonly associated with the idea of a small market franchise?

The NHL negotiates with television networks for broadcast rights fees.The return in excess of the resource owner's opportunity costs in this instance is referred to as:

Of the 149 teams discussed in the chapter on the business of sport,only one has a black man as its principal owner.Which team?

Which of the following best reflects price discrimination in professional sports ticket sales?

A work stoppage in a professional sports league that involves the ownership not allowing the players to perform,even though they are willing,is referred to as a:

North American sports franchises generate revenue from five sources.Which of the following is NOT one of these sources?

Sports leagues undertake two types of cooperative action:

Which of the following does NOT exemplify a type of single-entity cooperation by sports leagues?

How does the market power generated by professional sports leagues reduce consumer welfare?

A _____ is a group of two or more firms that formally agree to coordinate their production and pricing decisions to maximize joint profits.

How have professional athletes responded to monopsony power?

Which of the following would you explain to a friend is most likely to be referred to as a niche sport?

Which of the following leagues/associations is currently the largest with 32 teams?

Which of the following is the best reason to bid on hosting the Olympic Games?

Which of the following is TRUE of the reserve clause?

Perspectives on the Social Dimensions of Sport and Physical Activity in Canada

Sociological Theories of Sport

Canadian Sport in Historical Perspective

Sport and Social Stratification

Ethnicity and Race in Canadian Sport

Sex, Gender, and Sexuality

Children, Youth, and Parental Involvement in Organized Sport

Sport Deviance

Violence

Sport and Physical Activity in Canadian Educational Systems

Sport, Media, and Ideology

Sports, Politics, and Policy

Globalization and Society

Sport and the Future

Filters