Aviation 314 Final
Who makes recommendations to the FAA on its corrective actions? - ANSNTSB
What are the key functions of a manager proposed by Fayol? - ANSPlanning, dirrecting,
controlling, organizing
What is an example of a specialty good? - ANSBose noise-canceling headset.
How does the function of budgeting change when the budget period begins? - ANSBudgeting
begins to focus on the controlling of spending.
In regard to selecting employees, what the primary value of using an employment application? -
ANSThe application provides a systematic and impersonal collection of data.
What is necessary before a company will see the addition of departments and divisions? -
ANSThe company must grow.
Which are some examples of operating controls that may be implemented to prevent excessive
spending? - ANSDevelop limits to inventory levels and cost per unit restrictions for high-cost
assets.
Which FAA Advisory Circular contains useful data with generally accepted information and
safety practices for many of the flight line activities? - ANSAC 00-34A
Which is a variable when considering the Economic Ordering Quantity (EOQ)? - ANSThe most
economical amount to purchase is when the total unit cost is at a minimum.
Which is a contributing factor in risk reduction? - ANSEnhanced risk identification programs.
The Airport Layout Plan shows the ultimate layout of an airport and usually covers a time period
of - ANS20 years
In which year did new aircraft production reach its peak? - ANS1978
Considering adjustments to strategic goals would be considered - ANSobjectives planning
What is an example of a convenience good? - ANSaviation fuel
According to the text, what one area can have a significant effect on profits? - ANSDEBT, dont
want debt while trynna make money
, In regard to HR law and regulations, what is meant by the term comparable worth? - ANSequal
pay for jobs with same difficulty
Which is a key aspect of management by results? - ANSAllows the people responsible the
necessary latitude to make decisions.
Why would for-sale aircraft in inventory greatly influence the company's current ratio? -
ANSInventory aircraft are asset
How should the flight line operations of an FBO view flight crews and their passengers? -
ANSThey should be viewed as customers.
Which CFR Part regulates general flight operations? - ANS14 CFR Part 91
The aircraft maintenance industry is complex and highly regulated. What was one area
mentioned in the text that the manager entering the maintenance business needs to
understand? - ANSThe manager needs to be familiar with the personnel and equipment needed
for the various levels of maintenance activity.
In regard to litigation, what is meant by the term "deep-pockets"? - ANSsue the richest
regardless of actual negligence
What type of analysis is usually performed when considering a facility expansion? - ANSA
break-even analysis
What is the function of ARTCC? - ANSControls departure, enroute, and arrival traffic.
The approach to management within the aviation service industry should focus -
ANSapproximately 30% of their time with external affairs.
Provide an example of a fixed cost. - ANSInsurance expense.
In regard to the pipeline concept, which is one of the many control functions that is an essential
part of the management process? - ANSDealing efficiently with personnel matters.
Since change is inevitable, how should the manager approach the idea of change? - ANSThe
manager should prepare themselves to consider new approaches. Having the right mindset will
make it easier to meet the demands of change.
Management information systems are critical for financial survival. How often should system
reports be analyzed? - ANSmonthly
Who makes recommendations to the FAA on its corrective actions? - ANSNTSB
What are the key functions of a manager proposed by Fayol? - ANSPlanning, dirrecting,
controlling, organizing
What is an example of a specialty good? - ANSBose noise-canceling headset.
How does the function of budgeting change when the budget period begins? - ANSBudgeting
begins to focus on the controlling of spending.
In regard to selecting employees, what the primary value of using an employment application? -
ANSThe application provides a systematic and impersonal collection of data.
What is necessary before a company will see the addition of departments and divisions? -
ANSThe company must grow.
Which are some examples of operating controls that may be implemented to prevent excessive
spending? - ANSDevelop limits to inventory levels and cost per unit restrictions for high-cost
assets.
Which FAA Advisory Circular contains useful data with generally accepted information and
safety practices for many of the flight line activities? - ANSAC 00-34A
Which is a variable when considering the Economic Ordering Quantity (EOQ)? - ANSThe most
economical amount to purchase is when the total unit cost is at a minimum.
Which is a contributing factor in risk reduction? - ANSEnhanced risk identification programs.
The Airport Layout Plan shows the ultimate layout of an airport and usually covers a time period
of - ANS20 years
In which year did new aircraft production reach its peak? - ANS1978
Considering adjustments to strategic goals would be considered - ANSobjectives planning
What is an example of a convenience good? - ANSaviation fuel
According to the text, what one area can have a significant effect on profits? - ANSDEBT, dont
want debt while trynna make money
, In regard to HR law and regulations, what is meant by the term comparable worth? - ANSequal
pay for jobs with same difficulty
Which is a key aspect of management by results? - ANSAllows the people responsible the
necessary latitude to make decisions.
Why would for-sale aircraft in inventory greatly influence the company's current ratio? -
ANSInventory aircraft are asset
How should the flight line operations of an FBO view flight crews and their passengers? -
ANSThey should be viewed as customers.
Which CFR Part regulates general flight operations? - ANS14 CFR Part 91
The aircraft maintenance industry is complex and highly regulated. What was one area
mentioned in the text that the manager entering the maintenance business needs to
understand? - ANSThe manager needs to be familiar with the personnel and equipment needed
for the various levels of maintenance activity.
In regard to litigation, what is meant by the term "deep-pockets"? - ANSsue the richest
regardless of actual negligence
What type of analysis is usually performed when considering a facility expansion? - ANSA
break-even analysis
What is the function of ARTCC? - ANSControls departure, enroute, and arrival traffic.
The approach to management within the aviation service industry should focus -
ANSapproximately 30% of their time with external affairs.
Provide an example of a fixed cost. - ANSInsurance expense.
In regard to the pipeline concept, which is one of the many control functions that is an essential
part of the management process? - ANSDealing efficiently with personnel matters.
Since change is inevitable, how should the manager approach the idea of change? - ANSThe
manager should prepare themselves to consider new approaches. Having the right mindset will
make it easier to meet the demands of change.
Management information systems are critical for financial survival. How often should system
reports be analyzed? - ANSmonthly
