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AAAE ACE Finance Module 1 Questions with Answers 2025

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AAAE ACE Finance Module 1 Questions with Answers 2025

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AAAE ACE Finance Module 1 Questions
with Answers

1. True: True/False - The potential of aviation to reshape local and national economies was recognized very early
following the Wright Brother's first flight at Kitty Hawk, NC in 1903.

2. False: True/False - Airport development was viewed as a national responsibility.

3. True: True/False - The federal government began providing financial support to airports through grants for capital
development through the FAA beginning in 1938.

4. Airport Improvement Program (AIP): The funding system in which the FAA provides financial support to
airports through grants for capital development.

5. Airports, airspace and aircraft: The three primary components of the national air transportation system are:

6. Airport: An area of land or water that is designed to be used for the landing and/or takeoff of an aircraft.

7. National Plan of Integrated Airport Systems (NPIAS): Classifies airports by activity levels and whether they
receive scheduled commercial air service; biennial.

8. Primary or Non-Primary: The FAA groups airports into one of two main cate- gories:

9. Primary Airport: Airports with scheduled air carrier service and 10,000 or more enplaned passengers/year.

10. Large hub, medium hub, small hub and non-hub: Primary airports are further classified as , , , or

, according to their relative shares of national passenger traffic.

11. National, regional, local, basic or unclassified: Non-primary airports are fur- ther classified as:

12. Airside and Landside: Most commercial service airports consist of the follow- ing two categories of facilities:

13. Landside: "Pre-Security," public access area prior to TSA screening.
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, 14. Airside: "Post-Security," the area that can be accessed only after going through TSA screening or other security
protocols.

15. Runway and taxiway: An airport's airfield consists of its and

system designed to facilitate the movement of aircraft.

16. True: True/False - To facilitate safe takeoff and landing operations, primary runways are oriented in the direction
of an airport's prevailing winds throughout the year.

17. 10: Runways are identified by their degrees from magnetic north, divided by

.

18. 8,000; 150: Runways at commercial air service airports are typically at least

feet in length and feet in width.

19. NAVAIDS: Located on airport property to assist aircraft approaching the airport for landing, based on satellite
GPS.



20. True: True/False - Precision instrument approaches provide both lateral and ver- tical instrument guidance, whereas
non-precision instrument approaches typically proved only lateral guidance.

21. Control Tower: Most visible air traffic control facility located at an airport; oper- ational area under its control is
very limited: typically within a 5 mile radius of the airport to altitudes of 2,500 feet above ground level.

22. Apron or Ramp: An area of pavement used for the parking of aircraft.

23. True: True/False - Prior to 9/11 federal security screening requirements were carried out by private companies
under contract with the airlines.

24. False: TSA is required to lease the footprint of the security checkpoint but not any office space.

25. Holdrooms: The waiting areas adjacent to boarding gates; airside facility

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