AVMG 3140 EXAM 1 PRACTICE TEST
BANK QUESTIONS WITH CORRECT
ANSWERS
TRACON refers to - Answer-terminal radar approach control
Which of the following is NOT a service provided by an FBO? - Answer-Security
screening
As a result of 1978 deregulation - Answer-Increased competition drove several of the
largest carriers into bankruptcy
Airline certification and licensing is acquired from which DOT office? - Answer-Office
of the Assistant Secretary of Policy and International Affairs
This year was the first period of solid profitable operations in the jet age - Answer-
1963
One unique characteristics airlines have that is unlike other oligopolistic industries,
airlines enjoy - Answer-Government support
A firm displays economies of scale when - Answer-There is a decrease in long-term
average costs as the size of operations increase
Certain values are attributed to the timeliness of flying. Which is NOT a value
associated with timeliness? - Answer-Centralized production
The average period between a trough and a peak in the aviation industry has
been_______. - Answer-3 years
Continued market leadership of U.S. aircraft manufacturers depends on... - Answer-
Healthy, profitable airlines
Which of the following is NOT a reason the government sought to regulate the air
transport industry? - Answer-To encourage more competition between airlines
The Air Mail Act of 1930... - Answer-Gave the postmaster general power to
consolidate air mail routes.
The two domains of government control and intervention typically involve - Answer-
safety of operations and economic activity
When considering the steps involved with major accident investigation, the NTSB's
highest priority is - Answer-The safety recommendation
GA in the 1990s - Answer-Reflected industry revitalization and increased sales
, ARTCC - Answer-Provides traffic separation for busy airports
A Show Cause Order solicits - Answer-Any party to present to the DOT reasons why
a carrier should not be issued a 401 certificate
Mergers offer airlines the advantages of - Answer-Increased market share and
greater economies of scale
Three main components of "market conditions" in a free market economy are -
Answer-information about surplus/shortage, means of value exchange, enforceable
contracts
"Time and Place Utility (Value)" is created by - Answer-transportation, by moving
goods from areas of surplus to areas of shortage
Before the Airline Deregulation Act of 1978 - Answer-Deregulation of domestic all-
cargo service came into effect
Which city was the first major 'boom town' for aviation? - Answer-Wichita, Kansas
The U.S. Coast Guard - Answer-All of the above
After a new aircraft has passed ground and flight tests, the aircraft must receive a
series of certificates before it can be mass produced and sold to the public. A Type
Certificate - Answer-Shows that the aircraft met FAA construction and performance
standards
The economics of all aviation businesses requires the coordination of - Answer-
Manufacturers, service industry, and users
Transportation by air is considered a ___________ mode. - Answer-high cost, but
high speed
Since deregulation in the 1970s, airlines have been competing more on the basis
of... - Answer-Price and Scheduling
The aviation industry is currently_________. - Answer-Labor-intensive
During the era "Maturity-Jets Arrive: 1958-1978," the Boeing 747 dominated world air
routes. How did Douglas and Lockheed stay competitive during Boeing's
supremacy? - Answer-Douglas and Lockheed built smaller planes to service the less
traveled air routes
This organization's primary purpose is to encourage cooperation among the states
and with the federal government to develop state and national transportation
systems. - Answer-NASAO
This is an independent organization which represents the 52 U.S. companies that
produce over 95% of the nation's general aviation aircraft and equipment - Answer-
GAMA
BANK QUESTIONS WITH CORRECT
ANSWERS
TRACON refers to - Answer-terminal radar approach control
Which of the following is NOT a service provided by an FBO? - Answer-Security
screening
As a result of 1978 deregulation - Answer-Increased competition drove several of the
largest carriers into bankruptcy
Airline certification and licensing is acquired from which DOT office? - Answer-Office
of the Assistant Secretary of Policy and International Affairs
This year was the first period of solid profitable operations in the jet age - Answer-
1963
One unique characteristics airlines have that is unlike other oligopolistic industries,
airlines enjoy - Answer-Government support
A firm displays economies of scale when - Answer-There is a decrease in long-term
average costs as the size of operations increase
Certain values are attributed to the timeliness of flying. Which is NOT a value
associated with timeliness? - Answer-Centralized production
The average period between a trough and a peak in the aviation industry has
been_______. - Answer-3 years
Continued market leadership of U.S. aircraft manufacturers depends on... - Answer-
Healthy, profitable airlines
Which of the following is NOT a reason the government sought to regulate the air
transport industry? - Answer-To encourage more competition between airlines
The Air Mail Act of 1930... - Answer-Gave the postmaster general power to
consolidate air mail routes.
The two domains of government control and intervention typically involve - Answer-
safety of operations and economic activity
When considering the steps involved with major accident investigation, the NTSB's
highest priority is - Answer-The safety recommendation
GA in the 1990s - Answer-Reflected industry revitalization and increased sales
, ARTCC - Answer-Provides traffic separation for busy airports
A Show Cause Order solicits - Answer-Any party to present to the DOT reasons why
a carrier should not be issued a 401 certificate
Mergers offer airlines the advantages of - Answer-Increased market share and
greater economies of scale
Three main components of "market conditions" in a free market economy are -
Answer-information about surplus/shortage, means of value exchange, enforceable
contracts
"Time and Place Utility (Value)" is created by - Answer-transportation, by moving
goods from areas of surplus to areas of shortage
Before the Airline Deregulation Act of 1978 - Answer-Deregulation of domestic all-
cargo service came into effect
Which city was the first major 'boom town' for aviation? - Answer-Wichita, Kansas
The U.S. Coast Guard - Answer-All of the above
After a new aircraft has passed ground and flight tests, the aircraft must receive a
series of certificates before it can be mass produced and sold to the public. A Type
Certificate - Answer-Shows that the aircraft met FAA construction and performance
standards
The economics of all aviation businesses requires the coordination of - Answer-
Manufacturers, service industry, and users
Transportation by air is considered a ___________ mode. - Answer-high cost, but
high speed
Since deregulation in the 1970s, airlines have been competing more on the basis
of... - Answer-Price and Scheduling
The aviation industry is currently_________. - Answer-Labor-intensive
During the era "Maturity-Jets Arrive: 1958-1978," the Boeing 747 dominated world air
routes. How did Douglas and Lockheed stay competitive during Boeing's
supremacy? - Answer-Douglas and Lockheed built smaller planes to service the less
traveled air routes
This organization's primary purpose is to encourage cooperation among the states
and with the federal government to develop state and national transportation
systems. - Answer-NASAO
This is an independent organization which represents the 52 U.S. companies that
produce over 95% of the nation's general aviation aircraft and equipment - Answer-
GAMA
