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Unit 8/USFL Quiz

Total questions: 20

Worksheet time: 20mins

Name
Class
Date
1.

What is a company that is capable of controlling an entire industry?

a)

Monopoly

b)

Trade Cartel

c)

A Cartel

d)

A Trust

2.

Collective bargaining is defined under the:

a)

National Labor Relations Act

b)

Occupational Safety and Health Act

c)

Civil Rights Act

d)

Fair Labor Standards Act

3.

Why is it important for companies to evaluate managerial decisions using a SWOT Analysis?

a)

It analyzes strengths, weaknesses, obligations, and threats

b)

It analyzes strong points, weak points, opportunities, and threats

c)

It analyzes strengths, weaknesses, opportunities, and threats

d)

It analyzes strengths, weaknesses, opportunities, and time

4.

Copyright can last for the life of the author plus 70 years.

a)

True

b)

False

5.

If a professional sports player gets injured, ill or gets involved with illegal substances; this is an example of:

a)

Human

b)

Athlete

c)

Natural

d)

Economic

6.

What does the “W” stand for in the SWOT Analysis?

a)

Weaknesses

b)

Wounds

c)

Wanderer

d)

None of the above

7.

As discussed in class, which of the following risks is more important than all others?

a)

Human

b)

Athlete

c)

Natural

d)

Economic

8.

This is when a company lowers their prices significantly to drive competition out and eventually raises their prices.

a)

Price Hacking

b)

Price Gauging

c)

Price Inflating

d)

Price Fixing

9.

This ________________ prevented programs from being recorded and redistributed, however, it was overturned in 2005.

a)

Copyright Rule

b)

American Television Rule

c)

Broadcast Flag Rule

d)

Recording Rule

10.

This is when league owners set the price for new owners to buy a franchise.

a)

Owners fee

b)

Expansion Fee

c)

Franchise Fee

d)

League Fee

11.

The ______________ Act was created to prevent the development of monopolies.

a)

National Labor Relations

b)

Sherman Anti-Trust Act

c)

Clayton

d)

None of these

12.

Customer dishonesty, employee theft, and employee incompetence are all examples of what type of risk?

a)

Human

b)

Athlete

c)

Natural

d)

Economic

13.

Out-of-print books may be copied without concern about the copyright.

a)

True

b)

False

14.

The first steps management should consider determining the feasibility of a new project or expansion project is to determine (HINT: THINK SWOT):

a)

External strengths and threats

b)

External weaknesses and opportunities

c)

Internal opportunities and threats

d)

Internal strengths and weaknesses

15.

____________ impact is the possibility of the initial spending required to support the event, or for attendance at the event.

a)

Direct

b)

Indirect

c)

Maximum

d)

Minimum

16.

Businesses that use resources to develop products and services and provide them to customers.

a)

Balance

b)

Spectators

c)

Producers

d)

Consumers

17.

A ___________ occurs when demand is greater than supply.

a)

Surplus

b)

Shortage

c)

Equilibrium

d)

None of the above

18.

The protection of words, names, symbols, sounds, or colors that distinguishes a good or service.

a)

Trademark

b)

Copyright

c)

Patent

d)

Intellectual Property Rights

19.

A ___________ is a periodic payment to an owner for the use of property, especially patents and copyrighted works.

a)

Royalty

b)

Trademark

c)

Investment

d)

Exchange Fee

20.

What Hall of Fame NFL Quarterback signed the largest USFL contact (43 year/$40 million deal)?

a)

Steve Young

b)

Joe Montana

c)

Dan Marino

d)

Troy Aikman