AVIA 444 Quiz: Economic Fundamentals
Question 1
pts
What component of Aircraft Operating Cost is the costliest?
Crew cost
Maintenance
Fuel /oil
Ownership
Question 2
pts
An airline is considered an oligopoly industry.
True
False
Question 3
pts
What is the situation called when there are only a few airlines in a certain market?
Economy of scale
Growth through merger
Mutual dependence
Price rigidity
Question 4
pts
Block hours include ground times in addition to flight times.
True
False
Question 5
pts
Where do US airlines report operating cost data?
US DOT Form 89 database
Quarterly operating expense report
US DOT Form 41 database
Shareholders quarterly reports
Question 1
pts
What component of Aircraft Operating Cost is the costliest?
Crew cost
Maintenance
Fuel /oil
Ownership
Question 2
pts
An airline is considered an oligopoly industry.
True
False
Question 3
pts
What is the situation called when there are only a few airlines in a certain market?
Economy of scale
Growth through merger
Mutual dependence
Price rigidity
Question 4
pts
Block hours include ground times in addition to flight times.
True
False
Question 5
pts
Where do US airlines report operating cost data?
US DOT Form 89 database
Quarterly operating expense report
US DOT Form 41 database
Shareholders quarterly reports