KEY CONCEPTS IN ARTS AND MEDIA MANAGEMET
STUDY NOTES CURRENT VERSION 2025 EXAM
QUESTIONS AND ACCURATE VERIFIED ANSWERS
GRADED A+
For profit -Correct Answer- a (usually registered) corporation or other
organization whose primary motive is to generate profit for shareholders
Non-profit -Correct Answer- a (usually registered) corporation or other
organization whose financial goal is to break even each year while
achieving social goals such as the presentation of arts & media & culture
(or education or health or wellness)
Charity -Correct Answer- a non-profit organization that has been
accredited by Canada Revenue Agency (CRA) to receive and issue tax
receipts for donations
Social enterprise -Correct Answer- a hybrid of non-profit and for-profit
approaches within one organization
Community Interest Company (CIC) -Correct Answer- A limited
liability company designed for social enterprises which has the specific
aim of providing benefit to a community and uses its income, assets and
profits for the community it is formed to serve.
Triple bottom line organization -Correct Answer- aims to generate a
combination of profit & social goals & cultural objectives and/or
environmental or sustainability goals
David Throsby's concentric circles -Correct Answer- The ecosystem of
the arts + media + the economy
Core creative arts -Correct Answer- literature, composing music, visual
arts, performing arts
, Core cultural industries -Correct Answer- film, museums, photography
Fields -Correct Answer- Cultural sector, Creative industries, Creative
labor, Communication and cultural policy and law, Arts aesthetics and
development
Disciplines -Correct Answer- Fine arts and craft, Museum studies,
Media production studies, Theater studies
Media distribution companies -Correct Answer- Examples include Walt
Disney studios, CBC, Tencent, Bell media
Non-profit arts and culture organizations -Correct Answer- Examples
include Crow's Theatre, 401 Richmond, most small art galleries,
Canadian Opera Company
Worker unions and associations -Correct Answer- Examples include
ACTRA, AF of M, Directors' Guild of Canada, SOCAN
Media production companies -Correct Answer- Examples include DHX,
Walt Disney Pictures, Green House Sound, Dream Crew, Skystone
Media
Arts service organizations and foundations -Correct Answer- Examples
include CAPACOA, Canadian Crafts Federation, Community
Foundations of Canada, Gates Foundation
Creative labour -Correct Answer- People who work in the culture sector,
in arts organizations, as gig or more permanent workers in the creative
industries including media, games, publishing.
Public good -Correct Answer- A commodity or service that is provided
without profit to all members of a society, either by the government or
by a private individual or organization.
STUDY NOTES CURRENT VERSION 2025 EXAM
QUESTIONS AND ACCURATE VERIFIED ANSWERS
GRADED A+
For profit -Correct Answer- a (usually registered) corporation or other
organization whose primary motive is to generate profit for shareholders
Non-profit -Correct Answer- a (usually registered) corporation or other
organization whose financial goal is to break even each year while
achieving social goals such as the presentation of arts & media & culture
(or education or health or wellness)
Charity -Correct Answer- a non-profit organization that has been
accredited by Canada Revenue Agency (CRA) to receive and issue tax
receipts for donations
Social enterprise -Correct Answer- a hybrid of non-profit and for-profit
approaches within one organization
Community Interest Company (CIC) -Correct Answer- A limited
liability company designed for social enterprises which has the specific
aim of providing benefit to a community and uses its income, assets and
profits for the community it is formed to serve.
Triple bottom line organization -Correct Answer- aims to generate a
combination of profit & social goals & cultural objectives and/or
environmental or sustainability goals
David Throsby's concentric circles -Correct Answer- The ecosystem of
the arts + media + the economy
Core creative arts -Correct Answer- literature, composing music, visual
arts, performing arts
, Core cultural industries -Correct Answer- film, museums, photography
Fields -Correct Answer- Cultural sector, Creative industries, Creative
labor, Communication and cultural policy and law, Arts aesthetics and
development
Disciplines -Correct Answer- Fine arts and craft, Museum studies,
Media production studies, Theater studies
Media distribution companies -Correct Answer- Examples include Walt
Disney studios, CBC, Tencent, Bell media
Non-profit arts and culture organizations -Correct Answer- Examples
include Crow's Theatre, 401 Richmond, most small art galleries,
Canadian Opera Company
Worker unions and associations -Correct Answer- Examples include
ACTRA, AF of M, Directors' Guild of Canada, SOCAN
Media production companies -Correct Answer- Examples include DHX,
Walt Disney Pictures, Green House Sound, Dream Crew, Skystone
Media
Arts service organizations and foundations -Correct Answer- Examples
include CAPACOA, Canadian Crafts Federation, Community
Foundations of Canada, Gates Foundation
Creative labour -Correct Answer- People who work in the culture sector,
in arts organizations, as gig or more permanent workers in the creative
industries including media, games, publishing.
Public good -Correct Answer- A commodity or service that is provided
without profit to all members of a society, either by the government or
by a private individual or organization.
