©BRIGHTSTARS EXAM SOLUTIONS
11/16/2024 10:16 AM
MBU 1110: Exam 2 Questions 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
1|Page
, ©BRIGHTSTARS EXAM SOLUTIONS
11/16/2024 10:16 AM
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 agreements
2. publishing deals
3. mass media promotions
4. press releases
5. concert appearances
What is the manager for an artist in charge of? - answer✔Day-to-day activities
What is the attorney for an artist in charge of? - answer✔Protecting interests, negotiating
contracts, minimizing liability and financial loss, introductions, pitching, sue on behalf, collect
on behalf, audit.
Why are entertainment attorneys important? - answer✔Lawyers are involved in structuring
deals and shaping artists' business lives.
At the highest level, who is the booking agent's main interaction with? - answer✔Manager
What is the major role of management? - answer✔To advise and counsel in all matters
pertaining to entertainment related activities.
In a management contract, what does "exclusivity" mean? - answer✔That the manager is the
sole and exclusive manager.
What does a "franchised" agent signify? - answer✔That they have agreed to the restrictions of
the unions (AFM/SAG/AFTRA/Actor's Equity).
What is the unspoken key element in the manager-artist relationship? - answer✔Trust
Generally speaking, what would be the best choice for an agent? - answer✔An artist who is
already with a major label or who already has significant distribution.
What is a "key man" clause in an agency contract? - answer✔The person with whom you have a
relationship with must personally act as your manager, and if not, the artist can terminate the
deal.
What does exclusivity in an agency contract reflect? - answer✔How far is the reach of your
agent (local, regional, national, international)
2|Page
11/16/2024 10:16 AM
MBU 1110: Exam 2 Questions 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
1|Page
, ©BRIGHTSTARS EXAM SOLUTIONS
11/16/2024 10:16 AM
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 agreements
2. publishing deals
3. mass media promotions
4. press releases
5. concert appearances
What is the manager for an artist in charge of? - answer✔Day-to-day activities
What is the attorney for an artist in charge of? - answer✔Protecting interests, negotiating
contracts, minimizing liability and financial loss, introductions, pitching, sue on behalf, collect
on behalf, audit.
Why are entertainment attorneys important? - answer✔Lawyers are involved in structuring
deals and shaping artists' business lives.
At the highest level, who is the booking agent's main interaction with? - answer✔Manager
What is the major role of management? - answer✔To advise and counsel in all matters
pertaining to entertainment related activities.
In a management contract, what does "exclusivity" mean? - answer✔That the manager is the
sole and exclusive manager.
What does a "franchised" agent signify? - answer✔That they have agreed to the restrictions of
the unions (AFM/SAG/AFTRA/Actor's Equity).
What is the unspoken key element in the manager-artist relationship? - answer✔Trust
Generally speaking, what would be the best choice for an agent? - answer✔An artist who is
already with a major label or who already has significant distribution.
What is a "key man" clause in an agency contract? - answer✔The person with whom you have a
relationship with must personally act as your manager, and if not, the artist can terminate the
deal.
What does exclusivity in an agency contract reflect? - answer✔How far is the reach of your
agent (local, regional, national, international)
2|Page
