Satire is a technique employed by writers to expose and criticized foolishness and corruption of an individual or a society by using humor, irony, exaggeration or ridicule. They use fictional character to stand for real -people to help expose and condemn there corruption.
Sponsorship is basically when you receive financial support from someone.
It's largely done for companies.
Sorry if this doesn't really help you. =(
I'm not going to write 50 words, but historical context is always important so you can use examples.