MBU 1110 Exam 2 questions with answers

MBU 1110: Exam 2 questions with /| /| /| /| /| /|




answers

True or False: Artist managers typically commission 15% of artist
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gross income. - CORRECT ANSWERS ✔✔True
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True or False: Artist managers primarily rely on close relationships
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and trust with their clients. - CORRECT ANSWERS ✔✔True
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True or False: Expense agreements within the management
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contract would primarily limit the amount that managers may
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spend without written approval from the artist. - CORRECT
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ANSWERS ✔✔True /|




True or False: Performance based clauses, within a management
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contract, might specify income levels/number of "gigs" and
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even "signed" to a major or independent record company contract
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within a specific time frame. - CORRECT ANSWERS ✔✔True
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True or False: Typically, "approved" expenses within a
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management contract might include travel on behalf of the artist. -/| /| /| /| /| /| /| /| /| /|



CORRECT ANSWERS ✔✔True
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True or False: Typically, approved expenses within a management
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contract might include large expensive lunched with friends of the
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manager. - CORRECT ANSWERS ✔✔False /| /| /| /|

, True or False: One goal for first year managers might be to
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develop content, performance skill, and appearance experience,
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so that there will be "ammunition" worthy of pitching to larger
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deals. - CORRECT ANSWERS ✔✔True /| /| /| /|




True or False: A sunset clause allows for the manager to continue
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collection of money from the artist's income over the lifetime of
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the manager. - CORRECT ANSWERS ✔✔False
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What is included in an artist manager's job responsibilities? -
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CORRECT ANSWERS ✔✔Have industry contacts, business /| /| /| /| /| /|



knowledge, positive attitude, resources, can connect the dots /| /| /| /| /| /| /| /|



strategically, can create and assemble a team to exploit fame and /| /| /| /| /| /| /| /| /| /| /|



any artist opportunity.
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Within an artist's three-year plan, all activity might best be
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summarized by... - CORRECT ANSWERS ✔✔Initial exposure /| /| /| /| /| /|




What does a limited "power of attorney" clause give the
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manager? - CORRECT ANSWERS ✔✔The ability to sign for the artist /| /| /| /| /| /| /| /| /| /|




In what instances can a manager sign for the artist? - CORRECT
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ANSWERS ✔✔1. record label agreements /| /| /| /| /|




2. publishing deals
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3. mass media promotions
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4. press releases
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5. concert appearances
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