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SEM II 2022 Mid-Term Review 1.0

Authored by Scott Armstrong

Business

9th - 12th Grade

Used 7+ times

SEM II 2022 Mid-Term Review 1.0
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47 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Capitalism is an economic system characterized by:

Government ownership of goods

Private/corporate ownership of goods

Non-profit ownership of goods

Society ownership of goods

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Collective Bargaining is an agreement between:

Players and sponsors

Team owners and sponsors

Sponsors and fans

Team owners and players

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

An entire league of professional athletes refusing to show up for work is a:

Lockout

Strike

Blackout

Wage freeze

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Professional sports team owners refusing to allow their athletes to work is a:

Strike

Freeze out

Blackout

Lockout

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A professional athlete who is able to join any team has entered:

Exclusivity

Right of first refusal

Free agency

Option to renew

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Identifying procedures to avoid risk is:

Risk management

Liability insurance

Event insurance

Risk liability

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Actions taken to reduce theft/breakage/wastage in a business:

Loss prevention

Security department

Liability insurance

Event indemnity

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