- Study guides, Class notes & Summaries

Product types that represent the market for air freight include items that are - ANSWERsensitive to environmental extremes The procedures manual for the handling and transport of Dangerous Goods required by AC 121-40 must clearly identify - ANSWERthe person responsible for ensuring the FAA is provided the most current version of the manual Chapter 3 of the AC 121-40 specifically covers the requirements for the _____ of transporting Dangerous Goods by air. - ANSWERManuel The three main c...

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8 pages

Written in 2024/2025

Grade A

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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...

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5 pages

Written in 2024/2025

Grade A+

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A "discounted rate for specific O-D pairs" is an example of a(n) - ANSWERSpecific Commodity Rate "Air Eligibility" increase when the distribution system exhibits from - ANSWERhigh insurance costs An Air Freight Forwarder handling high-priority cargo would typically have to pay and charge a(n) - ANSWERPriority Reserved Rate A "Standard Density" for the purposes of calculating DimWeight represents the density (lbs/cubic inches) of a shipment that would _____ and _____ be...

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9 pages

Written in 2024/2025

Grade A+

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Describe the three main dimensions of "Air Eligibility" for products that travel by air. - ANSWER- Commodity: perishable, valuable, time sensitive products- Demand: unpredictable, infrequent demand- Distribution Problem: risk of theft, spoilage, high insurance costs, high inventory costs Describe the flow of goods through an air cargo supply chain from the physical perspective for the "first mile", and "air miles", and "last mile" legs. Include where inefficiencies cou...

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3 pages

Written in 2024/2025

Grade A+

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What is the angular difference between true north and magnetic north on a magnetic compass? - ANSWERVariation FL230 is always the same altitude as 23,000' MSL (mean sea level). - ANSWERFalse An example of a restricted area is: - ANSWERArtillery firing area What must a VFR pilot do prior to entering Class B airspace? - ANSWERAll of these Pilots may fly through an active restricted area without talking to anyone while VFR. - ANSWERFalse

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1 pages

Written in 2024/2025

Grade A+

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An Air Freight Forwarder handling high-priority cargo would typically have to pay and charge a(n) - ANSWERPriority Reserved Rate Product types that represent the market for air freight include items that are - ANSWERvaluable relative to weight and volume; sensitive to environmental extremes The "Cash Cow" (highly profitable opportunity) for an Air Freight Forwarder is the ability to pay a(n) _____ rate while charging a(n) _____ rate. - ANSWERContainer, Priority Reserved Air Transp...

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8 pages

Written in 2024/2025

Grade A+

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SA1. Compare and contrast the roles and priorities of government regulators, private firms, and support organizations/associations. - ANSWERFederal Agencies •Protect the public •Promote efficiency/commerce Private Industry •Move passengers & freight for profit •Not injure customers/public Support organizations • ARINC (Aeronautical Radio Incorporated): provide private jet owners and operators with; •advanced flight planning and weather, flight following, contract fuel...

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3 pages

Written in 2024/2025

Grade A+

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6.1 List and describe the "Traditional Value Density" factors of air cargo eligibility; describe how the modern supply chain perspective has greatly expanded the "value proposition" of air transportation. - ANSWERThe "Traditional Value Density" factors of air cargo eligibility are small shipment size, time sensitivity, security, cost of capital, and inventory cost. Value density looks at the amount of space consumed and the value of the good. A small shipment size means there i...

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9 pages

Written in 2024/2025

Grade A+

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When considering the steps involved with major accident investigation, the NTSB's highest priority is - ANSWERDetermining the cause(s) of the accident 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 - ANSWERGAMA This association represents distributors and manufacturers of aviation parts on issues of federal legislation and other government activities - ANSWERADMA Revenue/Yield...

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11 pages

Written in 2024/2025

Grade A+

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List and describe the three main forms of utility or value in a modern industrialized economic system. - ANSWERPossession: Value created in the hearts and minds of individual consumers by the marketing function. Sometimes called "psychological" or "perceived" value. Form: Value created through the physical transformation of inputs into outputs by the manufacturing or production/operations function. Time/Place: Value created by the movement of product from areas of surplus (low ...

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3 pages

Written in 2024/2025

Grade A+

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The 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 - ANSWERtransportation over great distances has become easy. cheap, and ubiquitous The Supply Chain Concept - ANSWERdeveloped from the previous Physical Distribution concept. The market where transportation services are offered consists of "_____." - ANSWERbuyers "Combination Carriers" in air freight carry both _____ and _____. -...

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10 pages

Written in 2024/2025

Grade A+

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Two key economic factors affecting the setting of air freight rates include: - ANSWERCost and value of service The "Cash Cow" (highly profitable opportunity) for an Air Freight Forwarder is the ability to pay a(n) _____ rate while charging a(n) _____ rate. - ANSWERContainer; Priority Reserved Air "Air Eligibility" increases when demand for the item is ___. - ANSWERInfrequent The "audience" (applicability) of AC 120-85 includes (but is not limited to) ___. - ANSWER- Air...

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8 pages

Written in 2024/2025

Grade A

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AOPA - ANSWERThis association represents the entire general aviation community and actively promotes aviation safety. Trend away from motor freight to air freight - ANSWERAs shipment distances increase up to and beyond about 800 miles, the mode preferences of shippers ______. NBAA - ANSWERThis organization represents more than 4,000 business that use aircraft to conduct business. ADMA - ANSWERThis association represents distributors and manufacturers of aviation parts on issues of feder...

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8 pages

Written in 2024/2025

Grade A+

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- The "Value Proposition" is met (change in total value is greater than change in total cost) - 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 ______. Form - ANSWERUtility or Value in an economic system created by the "physical transformation of materials from raw to finished pro...

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8 pages

Written in 2024/2025

Grade A+

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The three fundamental forms of utility under capitalist economic theory are: - ANSWERPossession, Form, and Time/Space Goods 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 _____ . - ANSWERfree market conditions are provided In order for there to be "Free Markets" several preconditions must be met; among the "top three" for a modern economic system are _____ . - ANS...

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11 pages

Written in 2024/2025

Grade A+

papersbyjol

AVMG4200 EXAM 1 (QUESTIONS & ANSWERS) SOLVED 100% CORRECT!!

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60 pages

Written in 2024/2025

Grade A+

EvaTee

AVMG 4200 Exam 2 Questions with Detailed Verified Answers (100% Correct Answers) /Already Graded A+

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19 pages

Written in 2024/2025

Grade A+

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AVMG 4200 - Exam 1 Questions with Detailed Verified Answers (100% Correct Answers) /Already Graded A+

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21 pages

Written in 2024/2025

Grade A+

Passit

AVMG 4200 - Exam 1-Questions With 100% Verified Answers

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13 pages

Written in 2024/2025

Grade A+

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AVMG 4200 - Exam 2-Questions With 100% Verified Answers.

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12 pages

Written in 2024/2025

Grade A+

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