Final: Terms 26-50

Question 1

Daily Fantasy Sports

Answer 1

DFS exploded in 2015 by DraftKings and Fanduel
(Merged in 2017)

Question 2

Demand

Answer 2

The amount of product consumers are willing to buy at a given price

Question 3

Law of Demand

Answer 3

Consumers will demand less of a product as its price increases, and will demand more of a product with lower prices

Question 4

Supply

Answer 4

The amount of product that suppliers are willing to produce and sell at a given price

Question 5

Diversion

Answer 5

A distraction from a course/activity
-For many, watching sport is a diversion from stress/boredom

Question 6

Entitlement

Answer 6

A guarantee of access to benefits based on established rights
-Companies sponsoring teams, events in exchange for cash

Question 7

Environmental sustainability

Answer 7

Developing strategies and practices that create a world economy that is sustainable for the planet

Question 8

Equity in Athletics Disclosure Act

Answer 8

This act requires colleges that receive federal funding to publicly report their spending patterns of their athletic departments to ensure transparency and equality

Question 9

European Club System (Soccer)

Answer 9

The hierarchical structure of European football clubs
-Clubs competing in domestic leagues (premier league, etc.) to qualify for larger scale competitions (champions league, etc.)

Question 10

Eustress

Answer 10

A good level of stress that improves players’ and spectators’ motivation/fulfillment

Question 11

Extrinsic reward

Answer 11

Rewards given to one person by another person/entity

Question 12

FIFA Women’s World Cup

Answer 12

2015 FIFA Women’s WC where the U.S. beat Japan set the record for being the most watched soccer match in U.S. history with 750 million viewers

Question 13

Free Agency

Answer 13

Ability of players to sell their services to another team of their choosing after fulfilling their contract with the original team

Question 14

Salary Caps

Answer 14

A league-wide limit on the amount a team can spend on players’ salaries
-Agreed upon by management and players through collective bargaining
-To ensure teams with more money don’t have a competitive advantage

Question 15

Globalization of sport

Answer 15

The process by which sports, sporting events, and other sporting related events/products have transcended national boundaries to become international in nature

Question 16

Governance of High School Sports

Answer 16

In the early 1900s, individual state associations formed the governance of interscholastic athletics, with Georgia establishing the first high school athletic association in 1904
-The Midwest Federation of State High School Athletic Associations (MFSHSA) formed in 1921, and changed to the National Federation of State High School Athletic Associations (NFHS) in 1923, which grew to include all states and non-sporting extracurriculars in 1970

Question 17

Virtual Reality

Answer 17

VR has been expanding and adopted in the sporting world, especially for training athletes

Question 18

Historically Black Colleges and Universities (HBCUs)

Answer 18

Higher education institutions created prior to 1964 with the purpose of educating Black Americans
-Due to low-resources, HBCUs have been adversely affected by many NCAA policies calling for grater investments to support academic/athletic facilities, etc.

Question 19

Tribal Colleges and Universities (TCUs)

Answer 19

There are 37 TCUs in the United States and Canada with the purpose of educating indigenous people and preserving languages/cultures

Question 20

International Management Group (IMG)

Answer 20

Formed in 1960 by Mark H. McCormack
-First agency dedicated to representing professional athletes

Question 21

International Olympic Committee (IOC)

Answer 21

Nonprofit, international federation responsible for the governance of the Olympic games

Question 22

Interscholastic Athletics

Answer 22

Contributes over US $15 Billion to the sport industry annually, and employs over 300,000 coaches/administrators

Question 22

International Paralympic Committee (IPC)

Answer 22

Nonprofit, international federation responsible for the governance of the Paralympic games

Question 23

Intrinsic Reward

Answer 23

Reward from within
-Personal satisfaction/fulfillment from engaging in a particular activity/task