Promoters are usually required to deposit or guarantee what percentage of the agreed-upon price to secure an act for an event?
A) 0.1
B) 0.25
C) 50-100%
D) Always 100%
E) No deposit is required

Question

Quizplus · Accepted Answer

Promoters are usually required to deposit or guarantee 50-100% of the agreed-upon price to secure an act for an event. This is done to ensure that the act will be compensated properly for their performance and to prevent the promoter from canceling the event last minute without financial consequences.

Promoters Are Usually Required to Deposit or Guarantee What Percentage