COMBINED EXAMINATION 300 PRACTICE
QUESTIONS WITH CORRECT ANSWERS AND
RATIONALES
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MODULE 1: FINANCE AND ADMINISTRATION
Questions 1-75
Question 1
What began in December 1903 as a successful experiment and has become the
world's fastest transportation industry?
A) The first commercial airline flight
B) The Wright Brothers' first flight
C) The first airmail delivery
D) The first transcontinental flight
Correct Answer: B
Rationale: The Wright Brothers' first successful flight in December 1903 launched
what would become the world's fastest transportation industry and an essential
component of the world transportation system .
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Question 2
The revenue streams and employment of many individuals and companies in the
community rely on the ______, ______, and ______ functioning of the airport.
A) Safe, secure, efficient
B) Profitable, safe, modern
C) Secure, modern, profitable
D) Efficient, profitable, safe
Correct Answer: A
Rationale: The community depends on the airport operating in a safe, secure, and
efficient manner to sustain revenue streams and employment .
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Question 3
The Kelly Act (Air Mail Act of 1925) established which precedent for the airport
industry?
A) The government should fully fund airport construction
B) Aviation should pay for itself
C) Airlines should be deregulated
D) Airports should be privately owned
,Correct Answer: B
Rationale: The Kelly Act set forth the precedent that only those who use aviation
would pay for it, establishing the principle that aviation should pay for itself .
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Question 4
The Air Commerce Act of 1926 was significant because it:
A) Created the Federal Aviation Administration
B) Was the first attempt to standardize and regulate commercial aviation
C) Privatized all airports
D) Eliminated all safety requirements
Correct Answer: B
Rationale: The Air Commerce Act of 1926 was the first attempt to standardize and
regulate commercial aviation to establish and improve safety standards .
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Question 5
By 1954, AAAE adopted the first professional accreditation standards for which
program?
A) Certified Member (C.M.)
, B) Accredited Airport Executive (ACE)
C) Airport Management Professional
D) Aviation Safety Officer
Correct Answer: B
Rationale: By 1954, AAAE adopted the first professional accreditation standards
for their Accredited Airport Executives (ACE) program .
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Question 6
In 1940, the Civil Aeronautics Administration (CAA) split its authority with which
newly-created entity?
A) Federal Aviation Administration
B) National Transportation Safety Board
C) Civil Aeronautics Board (CAB)
D) Department of Transportation
Correct Answer: C
Rationale: In 1940, the CAA split its authority with the newly-created Civil
Aeronautics Board (CAB) .
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