AVMG 4200 QUESTIONS & ANSWERS
100% CORRECT!!
Logistics - ANSWER"Time & Place Value" is created by the _____ function in an
organization.
governments have enacted "laissez faire" economic policies for importation of
foreign products - ANSWERThe explosion in international trade at the end of World
War II that continues to this day is a direct result of three main factors; among them
are
fixed nodes, transportation arcs - ANSWERA modern Supply/Value "Chain" is
actually a network of _____ connected by _____ .
(market value)/(capacity consumed) - ANSWER"Value Density" is a term describing
the _________ of a shipment.
7 Class I Linehaul and 568 Shortline - ANSWEROut of the 575 total Rail freight
carriers in North America, there are _____ and _____.
Best Value - ANSWERPurchasers of transportation services use the "_____" instead
of a "lowest price" approach.
legally enforceable contracts - ANSWERIn order for there to be "Free Markets"
several preconditions must be met; among the "top three" for a modern economic
system are _____ .
buyer and seller information about surpluses and shortages - ANSWERIn order for
there to be "Free Markets" several preconditions must be met; among the "top three"
for a modern economic system are _____ .
fixed - ANSWERUnder the "Managerial Accounting" paradigm, the majority of
transportation costs are characterized as
safety and economic activity - ANSWERWhat are the two shared "top priorities" of
both federal regulators and industry leaders?
Variable - ANSWERUnder the "Cost Accounting" paradigm, the majority of fuel costs
are characterized as
RPMs/ASMs - ANSWER"Load Factors" for passenger air transport services is
measured as
inventory in transit ties up capital - ANSWERSupply chain speed is becoming
increasingly important because
, product production and retail sale - ANSWER"Time to Market" refers to the lead time
between
combines inbound logistics with the outbound logistics of physical distribution. -
ANSWERLogistics, in its simplest form,
first & last mile logistics - ANSWERMotor Freight is unique among all modes due its
ability to provide _____.
Air Mail, Air express, Air Freight - ANSWERThe three types of Air Freight services
are generally classified as
Crew, Vehicles, and Infrastructure - ANSWERThree primary categories of resources
must be created to provide the air transportation service capability:
creating the resources to provide a capability - ANSWERAt the "front end" of the
aviation industry supply/value chain, the focus is on
capability, link in the middle - ANSWERA properly configured aerospace vehicle
ready to provide air transportation services represents _____; the _____ of the
aviation industry macro supply/value chain.
Group of answer choices
change in total value, greater than, change in total cost - ANSWERThe "Value
Proposition" that must be satisfied for the "invisible hand" to move goods from areas
of surplus to areas of shortage holds that the _____ must be _______ the ______ .
Air and Truck - ANSWERThe "Cost of Movement" (transportation price and features)
varies widely among the different modes of transportation available to a shipper.
Which transportation modes are typically the FASTEST?
information has become easy, cheap, and ubiquitous - ANSWERThe explosion in
international trade at the end of World War II that continues to this day is a direct
result of three main factors; among them are
government does not prohibit or impede movement through regulation or taxes -
ANSWERGoods will move from areas of surplus to areas of shortage as if by a
mysterious "Invisible Hand" as long as three fundamental conditions are met; among
these are _____ .
every flight departing at capacity for maximum profit - ANSWERThe ultimate form of
"Yield (or Revenue) Management" pricing strategy would result in
assessing business alternatives - ANSWER"Managerial" accounting deals primarily
with
Group of answer choices
Free market conditions are provided - ANSWERGoods will move from areas of
surplus to areas of shortage as if by a mysterious "Invisible Hand" as long as three
fundamental conditions are met; among these are _____ .
100% CORRECT!!
Logistics - ANSWER"Time & Place Value" is created by the _____ function in an
organization.
governments have enacted "laissez faire" economic policies for importation of
foreign products - ANSWERThe explosion in international trade at the end of World
War II that continues to this day is a direct result of three main factors; among them
are
fixed nodes, transportation arcs - ANSWERA modern Supply/Value "Chain" is
actually a network of _____ connected by _____ .
(market value)/(capacity consumed) - ANSWER"Value Density" is a term describing
the _________ of a shipment.
7 Class I Linehaul and 568 Shortline - ANSWEROut of the 575 total Rail freight
carriers in North America, there are _____ and _____.
Best Value - ANSWERPurchasers of transportation services use the "_____" instead
of a "lowest price" approach.
legally enforceable contracts - ANSWERIn order for there to be "Free Markets"
several preconditions must be met; among the "top three" for a modern economic
system are _____ .
buyer and seller information about surpluses and shortages - ANSWERIn order for
there to be "Free Markets" several preconditions must be met; among the "top three"
for a modern economic system are _____ .
fixed - ANSWERUnder the "Managerial Accounting" paradigm, the majority of
transportation costs are characterized as
safety and economic activity - ANSWERWhat are the two shared "top priorities" of
both federal regulators and industry leaders?
Variable - ANSWERUnder the "Cost Accounting" paradigm, the majority of fuel costs
are characterized as
RPMs/ASMs - ANSWER"Load Factors" for passenger air transport services is
measured as
inventory in transit ties up capital - ANSWERSupply chain speed is becoming
increasingly important because
, product production and retail sale - ANSWER"Time to Market" refers to the lead time
between
combines inbound logistics with the outbound logistics of physical distribution. -
ANSWERLogistics, in its simplest form,
first & last mile logistics - ANSWERMotor Freight is unique among all modes due its
ability to provide _____.
Air Mail, Air express, Air Freight - ANSWERThe three types of Air Freight services
are generally classified as
Crew, Vehicles, and Infrastructure - ANSWERThree primary categories of resources
must be created to provide the air transportation service capability:
creating the resources to provide a capability - ANSWERAt the "front end" of the
aviation industry supply/value chain, the focus is on
capability, link in the middle - ANSWERA properly configured aerospace vehicle
ready to provide air transportation services represents _____; the _____ of the
aviation industry macro supply/value chain.
Group of answer choices
change in total value, greater than, change in total cost - ANSWERThe "Value
Proposition" that must be satisfied for the "invisible hand" to move goods from areas
of surplus to areas of shortage holds that the _____ must be _______ the ______ .
Air and Truck - ANSWERThe "Cost of Movement" (transportation price and features)
varies widely among the different modes of transportation available to a shipper.
Which transportation modes are typically the FASTEST?
information has become easy, cheap, and ubiquitous - ANSWERThe explosion in
international trade at the end of World War II that continues to this day is a direct
result of three main factors; among them are
government does not prohibit or impede movement through regulation or taxes -
ANSWERGoods will move from areas of surplus to areas of shortage as if by a
mysterious "Invisible Hand" as long as three fundamental conditions are met; among
these are _____ .
every flight departing at capacity for maximum profit - ANSWERThe ultimate form of
"Yield (or Revenue) Management" pricing strategy would result in
assessing business alternatives - ANSWER"Managerial" accounting deals primarily
with
Group of answer choices
Free market conditions are provided - ANSWERGoods will move from areas of
surplus to areas of shortage as if by a mysterious "Invisible Hand" as long as three
fundamental conditions are met; among these are _____ .
