Artist Management

Question 1

A manager will have to serve in a variety of capacities for their artist. Of the list below which should a manager avoid?

Answer 1

Financial investor

Question 2

The lecture noted four essentials to become an artist manager. Which of the list is not mentioned

Answer 2

Have a strong background in playing music

Question 3

You are an artist considering an artist manager. What should you avoid in the earlier stages?

Answer 3

Expect them to close a deal quickly

Question 4

The lecture noted items to be included in a promo pack for a group presented by an artist manager. Which of the following list should not be included?

Answer 4

Equipment list

Question 5

The state of California, you cannot be both an artist manager and

Answer 5

Booking agent

Question 6

How much money should an artist manager be willing to invest in an artist early in their career?

Answer 6

Nothing

Question 7

You have signed a recording artist to a management contract. How much should the manager receive for income received from non musical related areas of the entertainment industry

Answer 7

The same percentage as the music income

Question 8

Which of the following is not true of a sole proprietorship

Answer 8

You can register with the local government by yourself

Question 9

Which of the following is not true of a partnership

Answer 9

Salary cap for board members

Question 10

Which of the following is not true of a corporation

Answer 10

A ten person, salaried board of directors is required, costing more

Question 11

Which of the following choices can be best summarized a limited liability company

Answer 11

Flexibility of partnership, protection of personal liability

Question 12

Which of the following reasons is a reason why a life insurance is a good idea for an artist in respect to their career?

Answer 12

Band members are the beneficiaries and members are difficult to replace

Question 13

Name two other type of insurance a group needs to consider

Answer 13

Vehicle/liability and equipment theft

Question 14

There are a number of considerations that artists, alongside financial professionals, must consider regarding investments. Which of the following is not one of them?

Answer 14

Diversified revenue streams over a five year period

Question 15

An artist searching for a personal manager should look for a person who is all of the following except

Answer 15

Eager to please the artist do that they can be more creative

Question 16

One way of dealing with a change in management would be to include

Answer 16

Sunset clause