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BUL 3310 EXAM PACKAGE DEAL 2024,2025

Tort law is a subset of private law that seeks to compensate the injured party for the loss caused by the actions of another. True False - Answer-True Res judicata is best defined as - Answer-A controversy that has been litigated and forever settled between the parties Today, scholars argue the role of the corporation is to maximize the return on investment of shareholders. True False - Answer-False Deductive reasoning requires one to ____. - Answer-use major and minor premises to draw...

Partnerships typically buy life insurance policies on each partner in order to fund the required purchase of the partner's interest in the partnership when the partner dies T/F - Answer-True Subchapter S corporation will avoid double taxation if which of the following applies? A. All the shareholders agree to be taxed as in a partnership B. The corporation files Articles of Partnership in the state where it has its principal place of business C. The corporation has no retained earnings D...

A master can normally avoid liability for damages caused by a servant if he can show that the servant misunderstood his instructions T or F? - Answer-True In contracts negotiated by an agent who is acting within the scope of his authority for a disclosed principal, the agent, the principal, and the third party are equally liable on the contract T or F? - Answer-False The legal doctrine that holds the master liable for the torts committed by a servant while acting within the scope of this ...

In contributory fault states, if the plaintiff was responsible for 20 percent of his own injuries, he will still be able to collect the other 80 percent from the negligent defendant T/F - Answer-False A tort can be a wrongful act against a person, a person's property, or both. T/F - Answer-True All of the following are economic losses except: - Answer-Losses from pain and suffering The doctrine under which employers are liable for torts committed by employees while they are acting within...

Substantive Law - defines and creates legal rights and obligations Procedural Law - rules of evidence and legal/court processes Common Law - Law that comes from court desicions Civil Law - Code of written laws that apply to all legal matters (louisana is only state which practices civil law) Hierarchy of Law - Constitution> Federal> State> City Stare Decisis - Courts will follow previous decisions in similar cases to create certainty/equality in the law and make decisions easier ...

Law - Answer-enforceable rules governing relationships among individuals and between individuals and their society Three types of Law - Answer-Legislative laws, judicial pronouncements, procedural law Legislative Law - Answer-laws, including federal and state constitutions, that have been passed by legislative bodies Judicial Pronouncements - Answer-Legal statements made by courts. Based on statutory interpretation or common law. Procedural Law(type of law) - Answer-Rules of evidence and ...

classification of law that creates, defines, and regulates parties' rights, duties, and powers - AnswerSubstantive Law classification of law that prescribes the steps, or processes, for enforcing the rights and duties defined by substantive law - Answer-Procedural Law applies to acts that society deems so harmful to the public welfare that gov is responsible for prosecuting and punishing the perpetrators - Answer-Criminal Law classification of law that applies to legal matters not governed...

If a right has been impacted by a state action, then a court must balance the interests served by the federal or state statute, and the nature of the right that is being denied. - Answer-Constitutional Balancing Test Government must establish that its action necessarily relates to a compelling state interest. Usually results in governmental action being held to be unconstitutional. Ex. infringing on voting rights, discrimination of race or national origin. - Answer-Strict Scrutiny Governme...

What are at least two things all the athletes shown in the first few minutes are saying in common? - Answer-They all got paid a lot of money and all spent it on expensive things What was the first thing almost all the interviewed athletes did upon getting paid? - Answer-They bought expensive things they didn't need. Cars, jewelry, houses. What connection was there between business success and sports salaries? - Answer-Businesses (teams) have to pay a lot to get good players in order to be ...

Which has a greater impact on financial management: the structure of a league or the structure of a team? - Answer-The structure of a league and of team ownership impact financial management decisions. What are the three major sections of the balance sheet? Provide at least one example of an item that would be found under each of those sections. - Answer-assets; cash. liabilities; accounts payable owners equity; accrued expenses What is the primary difference between an income statement a...

Finance - Science of fund management Financial Sectors (3) - Money/Capital markets, investments, financial management Money Markets - Highly liquid, short-term securities. Investments - Security choices made by individual and institutional investors as they build portfolios Ex. Merrill Lynch and Edward Jones Financial Management - Requires financial department. Must forecast revenue and plan future expenses Differences with sports than other industries - Diverse objectives of owners Imba...

Finance (and your success) is about... - Decision making; Yours and the consumers What influences the decision of a sports fan Debt financing - organization borrows money that must be repaid over a period of time, usually with interest Equity financing - a share or portion of ownership is exchanged for money. Funds obtained without incurring debt Reinvestment of Retained Earnings - finance operations thru reinvestment or prior earnings Government Financing - may include land use, tax abat...

When an organization borrows money that must be paid back over time, usually with interest, __________ financing is being used. - Answer-Debt Under this sport franchise ownership model, __________ is the most common model of team ownership - Answer-Multiple owners/private investment syndicate model Of the following statements regarding the Arts, Entertainment, and Recreation segment (NAICS 71) of our economy, which of the following is true? - Answer-Rising incomes and increasing leisure tim...

(T/F) Most Collegiate athletic Programs are losing money - Answer-True Continuous building of bigger and better facilities for the sole purpose of landing key recruits. (Salaries, travel, uniforms/merchandise, television/network deals, scholarships) - Answer-Arms Race -NCAA Television Deals (March Madness) -Conference Television Deals (Football, mbb) - Answer-Revenue Distribution Avenues companies pay to associate their products and services with NCAA or conferences - Answer-Corporate Spon...

SSOP EXAM BUNDLE 2024

Established procedures are defined as approved written "blank" from higher authority. - Answer-Instructions Which core principles is to take ownership of your watchstation regardless of rate or rank. - AnswerQuestioning attitude Communication up and down the chain of command is important regardless of rank. - Answer-forceful backup Verbatim repeat backs which limit the potential for? - Answer-Misinterpretation stopping an unsafe act you just happen to be walking by when It would be just ...

S.S.O.P.P Six Core Principles - Answer-• Procedural compliance • Questioning attitude • Forceful backup • Formality • Level of knowledge • Integrity Three supporting processes - Answer-• Operational risk management • Plan, brief, execute, debrief • Incident reporting Procedural Compliance - Answer-Readily available, frequently referenced, and strictly adhered to Procedural Compliance - Answer-Established procedures and defined as approved written instructions Questi...

Six Core Principles - Answer-Procedural Compliance Questioning Attitude Forceful Backup Formality Level of Knowledge Integrity Procedural Compliance - Answer-Readily available, frequently referenced, and strictly adhered to Questioning Attitude - Answer-Critical thinking skill and an exercise in vigilance Questioning Attitude 2 - Answer-Take ownership of your watchstation, regardless of rate or rank Questioning Attitude 3 - Answer-Expect to find conditions that require action Forceful ...

Procedural Compliance - Answer-Ensure approved written instructions from higher authority are readily available, frequently referenced, and strictly adhered to. Questioning Attitude - Answer-Approach a watch expecting to find a problem. Forceful Backup - Answer-Speak out, up or down the chain of command, when something is unclear or incorrect. Formality - Answer-Rigorous adherence to rules or customs. Level of Knowledge - Answer-In-depth understanding of the system you operate. Integrity ...