MBU 1110 Exam 2 With Correct
Answers
True or False: Artist managers typically commission 15% of artist gross
income. - ANSWER True
True or False: Artist managers primarily rely on close relationships and trust
with their clients. - ANSWER True
True or False: Expense agreements within the management contract would
primarily limit the amount that managers may spend without written
approval from the artist. - ANSWER True
True or False: Performance based clauses, within a management contract,
might specify income levels/number of "gigs" and even "signed" to a major
or independent record company contract within a specific time frame. -
ANSWER True
True or False: Typically, "approved" expenses within a management contract
might include travel on behalf of the artist. - ANSWER True
True or False: Typically, approved expenses within a management contract
, might include large expensive lunched with friends of the manager. -
ANSWER False
True or False: One goal for first year managers might be to develop content,
performance skill, and appearance experience, so that there will be
"ammunition" worthy of pitching to larger deals. - ANSWER True
True or False: A sunset clause allows for the manager to continue collection
of money from the artist's income over the lifetime of the manager. -
ANSWER False
What is included in an artist manager's job responsibilities? - ANSWER 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.
Within an artist's three-year plan, all activity might best be summarized by...
- ANSWER Initial exposure
What does a limited "power of attorney" clause give the manager? - ANSWER
The ability to sign for the artist
In what instances can a manager sign for the artist? - ANSWER 1. record label
Answers
True or False: Artist managers typically commission 15% of artist gross
income. - ANSWER True
True or False: Artist managers primarily rely on close relationships and trust
with their clients. - ANSWER True
True or False: Expense agreements within the management contract would
primarily limit the amount that managers may spend without written
approval from the artist. - ANSWER True
True or False: Performance based clauses, within a management contract,
might specify income levels/number of "gigs" and even "signed" to a major
or independent record company contract within a specific time frame. -
ANSWER True
True or False: Typically, "approved" expenses within a management contract
might include travel on behalf of the artist. - ANSWER True
True or False: Typically, approved expenses within a management contract
, might include large expensive lunched with friends of the manager. -
ANSWER False
True or False: One goal for first year managers might be to develop content,
performance skill, and appearance experience, so that there will be
"ammunition" worthy of pitching to larger deals. - ANSWER True
True or False: A sunset clause allows for the manager to continue collection
of money from the artist's income over the lifetime of the manager. -
ANSWER False
What is included in an artist manager's job responsibilities? - ANSWER 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.
Within an artist's three-year plan, all activity might best be summarized by...
- ANSWER Initial exposure
What does a limited "power of attorney" clause give the manager? - ANSWER
The ability to sign for the artist
In what instances can a manager sign for the artist? - ANSWER 1. record label
