Unit 7.02

Which type of insurance protects sport/event organizations or sponsors from loss of income due to contest awards?

• Theft
• Injury
• Cancellation
• Prize indemnity

Unions in professional sports are called

• athlete organizations.
• players’ associations.
• sport unions.
• athlete committees.

A court order that stops a certain activity until a trial begins is a(n)

• injunction
• infringement.
• antitrust act.
• right of publicity law.

Which law makes restraining free trade and competition illegal?

• The Lanham Act
• The Sherman Antitrust Act
• The Sports Broadcasting Act of 1961
• The National Labor Relations Act

Which of the following is not a benefit of winning a major league championship in a market economy:

• Increased ticket sales
• Increased licensed merchandise sales
• Increased sponsorship fees
• Increased payroll

The Scott Company decided to sell stock to raise capital. Under what form of business organization does the company operate?

• partnership
• cooperative
• corporation
• proprietorship

Which law allows major professional sport leagues to prevent certain games from being shown in certain territories?

• The Sherman Antitrust Act
• The Lanham Act.
• The National Labor Relations Act
• The Sports Broadcasting Act of 1961

Employees joining together as a single unit to negotiate with management is known as

• labor relations.
• free agency.
• collective bargaining.
• group negotiation.

Which type of law gives individuals the exclusive right to their identities for commercial use? 

• Right of publicity
• Right of privacy
• Antitrust
• Ticket scalping

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

• from reputable scalpers.
• several months in advance.
• at official ticket outlets.
• at an online auction site.