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The O+M: Review

Total questions: 65

Worksheet time: 33mins

Name
Class
Date
1.

What are non-profit organizations?

a)

  1. They exist to bring about a change in individuals and in society. 

b)

  1. They are organizations whose missions are to serve the public good. 

c)

  1. Are known as public charities and 501(c)(3)s

d)

  1. All of these! 

2.

TRUE OR FALSE: A mission statement is a succinct statement that denes the organization’s core purpose.

a)

True

b)

False

3.

This defines what our organization will look like in 3, 5, or 10 years

a)

  1. Mission Statement 

b)

  1. Vision Statement 

c)

  1. Values Statement 

d)

  1. Presidential Statement

4.

  1. TRUE OR FALSE: Core values describe the median price of tickets to your show

a)

True

b)

False

5.

A statement that summarizes why a consumer should buy a product or use a service

a)

Value Proposition

b)

Mission Statement

c)

Bill of Rights

d)

Gap Analysis

6.

Technique used to determine what steps need to be taken in order to move from a current state to a desired future state.

a)

Trend Analysis

b)

Value Analysis

c)

Gap Analysis

d)

Crystal Ball Analysis

7.

TRUE OR FALSE: S.W.O.T. stands for Strengths, Weaknesses, Options, and Threats

a)

True

b)

False

8.

A competitive advantage

a)

  1. Defines what you are best at in relation to your competitors. 

b)

  2. Connects your mission to your vision.

c)

  2. Is the guiding statement that explains how you get to your vision. 

d)

States the when, where, how and who of your customer base. 

9.

TRUE OR FALSE: For your budget, a commonly used reserve goal is three to six months’ expenses

a)

True

b)

False

10.

TRUE OR FALSE: For your budget - on the high end, your reserves should not exceed the amount of ve years' budget.

a)

True

b)

False

11.

TRUE OR FALSE: For your budget - on the low end, your reserves should be enough to cover at least 1 full payroll including taxes

a)

True

b)

False

12.

4 main elements of a theatre experience are:

a)

  1. Person, Place, Thing, Action

b)

  2. John, Paul, George, Ringo

c)

  2. Performer, Box Ofce, Unions, House Management 

d)

  2. Performers, Material, Place, Audience

13.

What are the 3 components of a nonprofit theatre company?

a)

  1. Board, Staff, Performers

b)

  2. Artistic, Managing, Board

c)

  2. Managing, Board, Shareholders

d)

  2. Holly, Dr. Lisa, Dave

14.

What is NOT a duty of Artistic Leadership?

a)

  1. Program Selection 

b)

  2. Artist Selection 

c)

  2. Program Planning & Oversight 

d)

  2. Administrative and Operational Function 

15.

What is NOT a duty of a Managing Director?

a)

  1. Artist Selection 

b)

  2. Finance and Budget 

c)

  2. Administrative and Operational Funcations 

d)

HR

16.

What is NOT a duty of the Board?

a)

  1. Support and Governance 

b)

  2. Policy Making 

c)

  2. Financial and Legal Oversight 

d)

  2. Casting their friends in upcoming shows 

17.

What does LORT stand for?

a)

  1. League of Resident Theatres

b)

  2. League of Regional Theatres

c)

  2. League of Realistic Things 

d)

  2. League of Registered Theatres

18.

European Art Theatres and U.S. Little Theatres art the foundations for?

a)

  1. Nonprofit Theatre

b)

  2. Commercial Theatre

c)

  2. Regional Theatre

d)

  2. Community Theatre

19.

People who work for an org but without getting paid money; they get other types of benefits from working there

a)

  1. CEO’s

b)

  2. Volunteers

c)

  2. Shareholders

d)

Patrons

20.

This kind of theatre must nd a balance between training students and bringing in an audience

a)

  1. University/College Theatre 

b)

  2. Regional Theatre

c)

  2. Movie Theatre 

d)

  2. Community Theatre

21.

The Ultimate goal of this kind of theatre is to make a profit

a)

  1. Regional Theatre

b)

  2. Commercial Theatre 

c)

  2. Community Theatre

d)

University/College Theatre

22.

This first musical had a run time of 5 1/2 hours and played for 474 performances.

a)

  1. The Red Shoe

b)

  2.  The Green Goblin

c)

  2. The Black Crook

d)

  2. Anything Gilbert & Sullivan

23.

Off-Broadway theatres are characterized as having this any seats

a)

0-99

b)

100-499

c)

500+

d)

No seating limits

24.

 TRUE OR FALSE: In a Limited Liability Company (LLC), all Individual LLC members are personally liable for damages

a)

True

b)

False

25.

TRUE OR FALSE: Presenters create theatrical product, Inc material selection, personnel, & physical show construction

a)

True

b)

False

26.

What is NOT a type of Deal Term (contract)?

a)

  1. Guarantee

b)

  2. Co-Promotion

c)

  2. 4-Wall

d)

  2. Royalty

27.

  • What are the 4 influence areas on a SWOT chart?

a)

    • Internal, External, Positive, and Negative 

b)

  • Chaotic, Neutral, Lawful, Good and Evil

c)

  • Red fish, Blue fish, One fish, Two fish

d)

  • Inside, Outside, Good and Bad

28.

TRUE OR FALSE: An actor-manager structure is a permanent company formed by a leading actor who chose the plays, took a leading role in them, and handled business, and financial arrangements.

a)

True

b)

False

29.

The focus of this kind of theatre was on producing plays of artistic merit (like Moscow Art Theatre).

a)

  • Community Theatre

b)

  • Art Theatre

c)

  • Little Theatre 

d)

  • Regional Theatre

30.

What Foundation gave CPH one of its first grants in 1957?

a)

George Gund Foundation

b)

Key Bank

c)

Ford Foundation

d)

Kulas Foundation

31.

This movement was community based and social; were nonprofessiona l (forerunner of today’s community theatre) and featured plays by cutting edge playwrights (Strindberg, Ibsen, etc.)

a)

  • Local Theatre

b)

  • Art Theatre

c)

  • Little Theatre 

d)

  • Regional Theatre

32.

What organization was fouded in 1925 to reduce the dominance of the commercial Broadway theatre and encourage artistically challenging work. It also sought to create a network of theatre center across the nation.

a)

  • United States Institute of Theatre Technology (USITT)

b)

  • National Theatre Conference (NTC)

c)

  • International Thespain Society (ITS)

d)

  • League of Resident Theatres (LORT)

33.

What is used to define your org's business, customer base, desired results, and a way forward?

a)

SWOT

b)

Strategic Plan

c)

Gap Analysis

d)

Value Proposition

34.

What is NOT one of Ohio’s three LORT theatres?

a)

  • Playhouse Square 

b)

  • Cleveland Playhouse 

c)

  • Great Lakes Theater

d)

  • Cincinnati Playhouse in the Park

35.

TRUE OR FALSE: a 501c3 is a designation given to an organization by the IRS to give tax-exempt status to a non-profit 

a)

True

b)

False

36.

  • What are the 4 P’s of marketing?

a)

    • Product, Process, Plan, Promotion 

b)

  • People, Process, Placement, Promos

c)

  • Product, Price, Place, Promotion 

d)

  • Playdough, Power Rangers, Pringles, Playstation

37.

  • What are the other 2 P’s?

a)

    • Placement and Planning 

b)

  • Positioning and People 

c)

  • People and Promotion 

d)

  • Product and Price

38.

  • What does successful promotion not do?

a)

    • Get attention 

b)

  • Provide motivation 

c)

  • Deliver satisfaction 

d)

  • Make Clickbait

39.

  • A statement that describes what you do, your target audience, your competition, and how audiences will benefit form your work

a)

    • Positioning Statement 

b)

  • Price Statement 

c)

  • Product Statement 

d)

  • Promotion Statement 

40.

  • The “P” in SWOP/T

a)

    • Project

b)

  • Plan

c)

  • Problems

d)

  • Promotions

41.

  • What is do you give to each news source with a newsworthy, attention-getting, informative title made of short paragraphs with all essential information?

a)

  • Publicity Release 

b)

  • Press Release 

c)

  • Story Pitch 

d)

  • Advertising

42.

What is NOT a type of paid promotion?

a)

  • Advertising 

b)

  • Public Relations 

c)

  • E-commerce 

d)

  • Personal Sales

43.

What is your most important asset?

a)

  • Billboards 

b)

  • Existing audience base 

c)

  • Budget 

d)

  • Property

44.

TRUE OR FALSE: A Stakeholder is a person, group, or org that had direct or indirect stake in org because it can affect or be affected by the organizations actions, objectives, and policies

a)

True

b)

False

45.

What does the Board NOT do?

a)

Set Policy

b)

Monitors Performance

c)

Ambassador / Advocate

d)

Fund the org

46.

  • What are the 3 W’s for board membership?

a)

    • Work, Wealth, Wisdom

b)

  • Who, What, When

c)

  • Wear, Wash, Watch

d)

  • Wisecrack, Work, Wallop

47.

  • What is NOT one of the three T’s?

a)

  • Talent

b)

  • Treasure 

c)

  • Transparency 

d)

  • Time

48.

The Act that contains provisions affecting corporate governance, risk management, auditing, and financial reporting of public companies, including provisions intended to deter and punish corporate accounting fraud and corruption.

a)

  • Audit Committee Act

b)

  • Board Responsibility Act 

c)

  • Sarbones Oxley Act 

d)

  • Fiduciary Responsibility Act

49.

  • What is a legal requirement and represents the community by provodiing oversight for nonprofits?

a)

    • C-Suite 

b)

  • Board of Directors

c)

  • Community Leaders

d)

  • Ambassadors

50.

This type of foundation is established by a business or institution to conduct philanthropic activities

a)

Operating

b)

Corporate

c)

Family

d)

Community

51.

  • What are the 4R’s and how do they suggest development directors divide their time?

a)

    • Research (60%), Romance (5%), Request (25%), Recognition (10%)

b)

  • Reduce (25%), Reuse (25%) , Recycle (25%), Revitalize (25%) 

c)

  • Research (25%), Romance (60%), Request (5%), Recognition (10%)

d)

  • Research (10%), Romance (5%), Request (60%), Recognition (25%)

52.

  • An organized effort to obtain gifts on a yearly basis to support general operations and programming of a nonprofit organization, usually raised through mail or direct solicitation efforts

a)

    • Capital Campaign 

b)

  • Annual Fund

c)

  • Fundraising and Development 

d)

  • Corporate Sponsorship 

53.

  • A time-limited effort by a nonprofit organization to raise significant dollars for a specific project. Often the money raised is to fund the acquisition, construction, or renovation of a building or sometimes, used to build an endowment for the future

a)

  • Capital Campaign 

b)

  • Annual Fund

c)

  • Fundraising and Development 

d)

  • Corporate Sponsorship 

54.

On average, about what percentage of all charitable giving comes from individuals?

a)

50%

b)

25%

c)

75%

d)

85%

55.

What are 2 examples of LOCAL foundations

a)

  • Ohio Arts Council and National Endowment for the Arts

b)

  • Cleveland Arts & Culture and Cuyahoga Foundation 

c)

  • Cleveland Foundation and Cuyahoga Arts & Culture 

d)

  • Kulas Foundation and Ohio Arts Council

56.

  • What is NOT a method of raising contributed income?

a)

Grants / Proposals 

b)

Individual Donations

c)

Benefits and Special Events

d)

Robbing a bank

57.

  • What are the four phases of cultivation? 

a)

    • Identification and research, building relationships, solicitation, stewardship 

b)

  • Research, Romance, Require, Realize 

c)

  • Foundations, Corporations, Donors, Campaign 

d)

  • Find people, ask them for money, get money, thank money

58.

What type of foundation is funded by private or public orgs but are otherwise legally separate from the parent organization

a)

  • Operating 

b)

  • Corporate 

c)

  • Family 

d)

  • Community

59.

What type of foundation is Created by gifts from individuals, groups of individuals, or family members 

a)

  • Operating 

b)

  • Corporate 

c)

  • Family 

d)

  • Community

60.

What type of foundation is a charitable organization created by and for a community of people. It is supported by local donors and governed by a board of private citizens who work toward the greater good of its citizens

a)

Operating

b)

Corporate

c)

Family

d)

Community

61.

A financial estimate of future income and expenses

a)

  • Budget 

b)

  • Audited Financial Statement 

c)

  • Payroll

d)

  • Gross Potential

62.

What is a Fiscal Year?

a)

  • Accounting period that starts on any day of calendar year but has twelve consecutive months

b)

  • Accounting period that matches the calendar year 

c)

  • Accounting period that starts when your organization forms

d)

  • Accounting period that from July 1 - June 31

63.

  • Type of budget that organizes the annual facility expenses and revenue for a specific fiscal year

a)

    • Operating

b)

  • Project 

c)

  • Capital 

d)

  • Payroll

64.

  • Type of budget that organizes expenses and revenue for a selected project

a)

    • Operating 

b)

  • Project 

c)

  • Capital 

d)

  • Payroll

65.

  • Type of budget that organizes costs for acquisition, maintenance and repair of real estate, facilities, and/or equipment 

a)

    • Operating 

b)

  • Project 

c)

  • Capital 

d)

  • Payroll

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