MBUS 4100 EXAM 1 QUESTIONS AND
VERIFIED ANSWERS WELL GRADED
(NEW 2025/2026 UPDATE)
QUESTIONS WITH VERIFIED
ANSWERS 100% CORRECT /A+
GRADED GUARANTEE PASS
Do Managers Collect Commission After the Term? - CORRECT
ANSWER-Sunset Clause provides for Post-Term Commissions.
Are Managers a Key Person? - CORRECT ANSWER-Yes.
Booking Agents Role - CORRECT ANSWER-Arranges Concerts.
Booking Agents Pay - CORRECT ANSWER-10% of Artist Performance
Fees. Does not earn off merch.
Are Booking Agents Exclusive? - CORRECT ANSWER-Within certain
boundaries. May have domestic and international. Also 3rd
party agents may be utilized.
Do Booking Agents Require Licenses? - CORRECT ANSWER-In Some
States.
,Booking Agents Role in Touring? - CORRECT ANSWER-Their whole
job is touring but they do not go with the band
- Routes tour based on Manager's general plan
- Books concerts
- Negotiates performance fees with Concert Promoter or Talent
Buyer
- Sets ticket prices (sometimes in conjunction with promoter)
- Sets date of ticket release
Do Booking Agents Tour With the Band? - CORRECT ANSWER-No.
Booking Agents and Recording? - CORRECT ANSWER-No.
Booking Agents Term - CORRECT ANSWER-Years.
Do Booking Agents Collect Commission After the Term? -
CORRECT ANSWER-Collects commission on all shows booked, even if
shows occur after Agent and Artist have parted ways.
Are Booking Agents a Key Person on the Artist team? - CORRECT
ANSWER-Yes.
Business Manager Role - CORRECT ANSWER-Handle Finances.
Duties may include paying bills, receiving anddistributing
royalties, writing checks, filing taxes,handling investments.
, Business Managers Pay - CORRECT ANSWER-Either: 5% of Artist's
Gross Income; or monthly; or hourly.
Are Business Managers Exclusive? - CORRECT ANSWER-Yes.
Do Business Managers Require Licenses? - CORRECT ANSWER-No.
Business Managers Role in Touring? - CORRECT ANSWER-Builds
budget for tour:
- Handles accounting for all tour revenues, including merch.
Issues paychecks to crew.
- Sounds the alarm if tour is over budget.
- Cross checks payments from Agent and daily financial reports
from Tour Manager.
Do Business Managers Tour With the Band? - CORRECT ANSWER-
No.
Business Managers and Recording? - CORRECT ANSWER-Oversees
recording budget. Receives/distributes recording advances.
Pays all bills related to production. Collects royalties and
distributes accordingly.
Business Managers Term - CORRECT ANSWER-Varies by
compensation method. Time-based.
Do Business Managers Collect Commission After the Term? -
CORRECT ANSWER-Commission only while working.
VERIFIED ANSWERS WELL GRADED
(NEW 2025/2026 UPDATE)
QUESTIONS WITH VERIFIED
ANSWERS 100% CORRECT /A+
GRADED GUARANTEE PASS
Do Managers Collect Commission After the Term? - CORRECT
ANSWER-Sunset Clause provides for Post-Term Commissions.
Are Managers a Key Person? - CORRECT ANSWER-Yes.
Booking Agents Role - CORRECT ANSWER-Arranges Concerts.
Booking Agents Pay - CORRECT ANSWER-10% of Artist Performance
Fees. Does not earn off merch.
Are Booking Agents Exclusive? - CORRECT ANSWER-Within certain
boundaries. May have domestic and international. Also 3rd
party agents may be utilized.
Do Booking Agents Require Licenses? - CORRECT ANSWER-In Some
States.
,Booking Agents Role in Touring? - CORRECT ANSWER-Their whole
job is touring but they do not go with the band
- Routes tour based on Manager's general plan
- Books concerts
- Negotiates performance fees with Concert Promoter or Talent
Buyer
- Sets ticket prices (sometimes in conjunction with promoter)
- Sets date of ticket release
Do Booking Agents Tour With the Band? - CORRECT ANSWER-No.
Booking Agents and Recording? - CORRECT ANSWER-No.
Booking Agents Term - CORRECT ANSWER-Years.
Do Booking Agents Collect Commission After the Term? -
CORRECT ANSWER-Collects commission on all shows booked, even if
shows occur after Agent and Artist have parted ways.
Are Booking Agents a Key Person on the Artist team? - CORRECT
ANSWER-Yes.
Business Manager Role - CORRECT ANSWER-Handle Finances.
Duties may include paying bills, receiving anddistributing
royalties, writing checks, filing taxes,handling investments.
, Business Managers Pay - CORRECT ANSWER-Either: 5% of Artist's
Gross Income; or monthly; or hourly.
Are Business Managers Exclusive? - CORRECT ANSWER-Yes.
Do Business Managers Require Licenses? - CORRECT ANSWER-No.
Business Managers Role in Touring? - CORRECT ANSWER-Builds
budget for tour:
- Handles accounting for all tour revenues, including merch.
Issues paychecks to crew.
- Sounds the alarm if tour is over budget.
- Cross checks payments from Agent and daily financial reports
from Tour Manager.
Do Business Managers Tour With the Band? - CORRECT ANSWER-
No.
Business Managers and Recording? - CORRECT ANSWER-Oversees
recording budget. Receives/distributes recording advances.
Pays all bills related to production. Collects royalties and
distributes accordingly.
Business Managers Term - CORRECT ANSWER-Varies by
compensation method. Time-based.
Do Business Managers Collect Commission After the Term? -
CORRECT ANSWER-Commission only while working.
