SEM II 2022 1.01 Review

Front

Capitalism is an economic system characterized by:

Back

Private/corporate ownership of goods

Front

Collective Bargaining is an agreement between: Team owners and players

Back

Team owners and players

Front

An entire league of professional athletes refusing to show up for work is a: Lockout, Strike, Blackout, Wage freeze

Back

Strike

Front

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

Back

Lockout

Front

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

Back

Free agency

Front

Identifying procedures to avoid risk is:

Back

Risk management

Front

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

Back

Loss prevention

Front

Insurance for promotional events is:

Back

Prize indemnity

Front

The law which outlaws monopolistic business practices:

Back

Sherman Antitrust Act

Front

The law that governs trademarks, service marks and unfair competition:

Back

Lanham Act