The Globalization of Commercial Sports Is Due in Part to the Fact

question 31

Multiple Choice

The globalization of commercial sports is due in part to the fact that

• A)sport organizations are interested in expanding their markets.
• B)athletes as a group like to travel to new places.
• C)airlines are major corporate sponsors of pro sports worldwide.
• D)immigration regulations have been loosened up in many countries today.

---

Definitions:

Accounting

The systematic process of recording, reporting, and analyzing financial transactions of a business.

Information Age

A period in human history characterized by the shift from traditional industry to an economy based on information technology.

Separate Legal Entity

A status that allows a company to operate as its own legal entity, distinct from its shareholders, with rights to sue, be sued, own assets, and incur liabilities.

Taxable Entity

A taxable entity refers to any individual, business, or organization that is subject to tax by governments.