EXAM 1 SPORTS BUSINESS
QUESTIONS AND ANSWERS 100%
CORRECT
the oakland A's used "moneyball" to find players ..... - ANSWER-overlooked,
undervalued
in order to become a licensee of NFL product - ANSWER-ALL OF THE ABOVE
have a minimum of three years of
experience in manufacturing and distribution
2.
Be a manufacturer, NOT solely a middleman
or distributor
3.
Have the ability to pay 100% of minimum
royalty guarantee upon execution of a
license agreement (typically about $100,000
per year) and be able to generate sales
sufficient to meet the minimum royalty
guarantee on a yearly basis
4.
Maintain a Comprehensive Commercial
General Liability insurance policy in an
amount of $6,000,000.00
5.
Be in compliance with all federal, state and
local laws and, where applicable,
international rules
Three specialized sports tourism markets - ANSWER-Event, nostalgia, active,
ANSWER: International
a monopsony is a market with a single buyer - ANSWER-TRUE
Beijing, china hosted the olympic games in 2008. It could be argued that Beijing was
specifically successful at which of the 5 elements of the olympics effect? - ANSWER-
Raise a city/country profile
all of the following are characteristics of promotion and relegation league systems
except: - ANSWER-small town teams have no chance to raise to the level of the highest
clubs
, in order for the london olympics to ensure that it didnt end up with __________ the
olmpic planning committee made sure to create legacy plans for its facilities -
ANSWER-white elephants
General sports analytics is routinely confused with "moneyball" - ANSWER-true ???
the following three basic components make up the core of sports analytics: - ANSWER-
data management, predictive models, information. systems
Which of the following revenue sources are current team owners most interested in
increasing, because it adds to their teams prestige and doesnt have to be shared with
the other teams in the league? - ANSWER-venue revenue- luxury boxes
which of the following is an example of corporate welfare in professional sports? -
ANSWER-The New Orleans Superdome waives its annual lease payment for the owner
of the Saints to use the facility. ??
The most common way that stadium construction is funded in the united states is
through public financial support such as taxation and bonds - ANSWER-TRUE
All of the following are true about substitute spending on sporting events except: -
ANSWER-When people spend money to go to a sporting event that cannot just pull that
money out of thin air.
A recent report noted that the sports industry is currently responsible for almost 3% of
overall world trade. - ANSWER-True
In sports analytics the term "one version of the truth" refers to the correct answers that
the analytic modeling provides to decision makers so that they do not have to include
their own insights in the decision process. - ANSWER-FALSE
Sports tourism is defined as travel to specific environments for active involvement in
participant sport where the touristic or leisure element generally doesnt reinforce the
overall experience. - ANSWER-FALSE
When communicating price, the sports marketer is really communicating what about a
product? - ANSWER-the value of a product
Which of the following is NOT a source of data that needs to be managed within a data
management system? - ANSWER-ticket sales
The multiplier effect of sports tourism can be described best as: - ANSWER-•Overall
impact of travel and tourism to the long term health of GDP and employment in the city
and region
QUESTIONS AND ANSWERS 100%
CORRECT
the oakland A's used "moneyball" to find players ..... - ANSWER-overlooked,
undervalued
in order to become a licensee of NFL product - ANSWER-ALL OF THE ABOVE
have a minimum of three years of
experience in manufacturing and distribution
2.
Be a manufacturer, NOT solely a middleman
or distributor
3.
Have the ability to pay 100% of minimum
royalty guarantee upon execution of a
license agreement (typically about $100,000
per year) and be able to generate sales
sufficient to meet the minimum royalty
guarantee on a yearly basis
4.
Maintain a Comprehensive Commercial
General Liability insurance policy in an
amount of $6,000,000.00
5.
Be in compliance with all federal, state and
local laws and, where applicable,
international rules
Three specialized sports tourism markets - ANSWER-Event, nostalgia, active,
ANSWER: International
a monopsony is a market with a single buyer - ANSWER-TRUE
Beijing, china hosted the olympic games in 2008. It could be argued that Beijing was
specifically successful at which of the 5 elements of the olympics effect? - ANSWER-
Raise a city/country profile
all of the following are characteristics of promotion and relegation league systems
except: - ANSWER-small town teams have no chance to raise to the level of the highest
clubs
, in order for the london olympics to ensure that it didnt end up with __________ the
olmpic planning committee made sure to create legacy plans for its facilities -
ANSWER-white elephants
General sports analytics is routinely confused with "moneyball" - ANSWER-true ???
the following three basic components make up the core of sports analytics: - ANSWER-
data management, predictive models, information. systems
Which of the following revenue sources are current team owners most interested in
increasing, because it adds to their teams prestige and doesnt have to be shared with
the other teams in the league? - ANSWER-venue revenue- luxury boxes
which of the following is an example of corporate welfare in professional sports? -
ANSWER-The New Orleans Superdome waives its annual lease payment for the owner
of the Saints to use the facility. ??
The most common way that stadium construction is funded in the united states is
through public financial support such as taxation and bonds - ANSWER-TRUE
All of the following are true about substitute spending on sporting events except: -
ANSWER-When people spend money to go to a sporting event that cannot just pull that
money out of thin air.
A recent report noted that the sports industry is currently responsible for almost 3% of
overall world trade. - ANSWER-True
In sports analytics the term "one version of the truth" refers to the correct answers that
the analytic modeling provides to decision makers so that they do not have to include
their own insights in the decision process. - ANSWER-FALSE
Sports tourism is defined as travel to specific environments for active involvement in
participant sport where the touristic or leisure element generally doesnt reinforce the
overall experience. - ANSWER-FALSE
When communicating price, the sports marketer is really communicating what about a
product? - ANSWER-the value of a product
Which of the following is NOT a source of data that needs to be managed within a data
management system? - ANSWER-ticket sales
The multiplier effect of sports tourism can be described best as: - ANSWER-•Overall
impact of travel and tourism to the long term health of GDP and employment in the city
and region
