AAAE Certified Member Study Guide / LATEST AAAE CM
EXAM 2026/2027 PRACTICE QUESTIONS AND STUDY
GUIDE EXAM COMPLETE & APPROVED QUESTIONS AND
CORRECT DETAILED SOLUTIONS WITH RATIONALES
(100% CORRECT VERIFIED ANSWERS) NEWEST
UPDATED VERSION 2026 EDITION |GUARANTEED
As a manager of a federally obligated public-use airport, your
airport generates revenue, such as landing fees, building rentals,
and fuel flowage fees. What percentage of the income derived
must be utilized for airport purposes?
- 0%
- 100%
- 100% in excess of Fair Market Value (FMV)
- 50%
100%
,Airports are distinctly different from traditional municipal
operations in that they can operate as
- Centralized governments
- Federal agencies
- L.L.Cs
- Stand-alone enterprises
Stand-alone enterprises
Generally, airport authority board members are compensated as
follows:
- $1 a year to comply with federal and state labor laws
- Fair Market Value
- Minimum Wage
- Do not receive compensation and serve in a voluntary capacity
Do not receive compensation and serve in a voluntary capacity
Each type of airport of ownership has advantages and
disadvantages. What is a potential disadvantage to the
municipality owned structure?
- Power to tax and issue bonds
- access to other city/county departments
- Can be viewed as another department of the city/county
- Access to larger sources of funding
Can be viewed as another department of the City/County
,The debate over the status of the airport as either a public entity or
a business enterprise will likely continue for decades, but the
simplest understanding is that...
- An airport is a government entity run by elected officials
- An airport is a Department of Transportation sub-organization
- An airport is a public entity that is run like a business
- An airport is an enterprise fund with many departments
An airport is a public entity that is run like a business
The most common positions at an airport that are outside of the
vertical structure are the
- Finance and administration personnel
- Operations and maintenance positions
- Legal counsel and auditor
- Certification inspector and regulator
Legal counsel and auditor
, The terrorist attacks of Sept. 11, 2001 resulted in the Aviation and
Transportation Security Act of 2001 moving the airport and aircraft
operator security regulations from the FAA to the newly created
- Transportation Security Administration
- Civil Aviation Office
- Dept. of Homeland Security
- National Transportation Security Board
Transportation Security Administration
As a new airport manager trying to inventory all applicable airport
laws, and regulations, he or she be careful not to omit which form of
hidden regulation?
- FARs
- FAA orders
- Cert. Alerts
- Grant Assurances
Grant Assurances
EXAM 2026/2027 PRACTICE QUESTIONS AND STUDY
GUIDE EXAM COMPLETE & APPROVED QUESTIONS AND
CORRECT DETAILED SOLUTIONS WITH RATIONALES
(100% CORRECT VERIFIED ANSWERS) NEWEST
UPDATED VERSION 2026 EDITION |GUARANTEED
As a manager of a federally obligated public-use airport, your
airport generates revenue, such as landing fees, building rentals,
and fuel flowage fees. What percentage of the income derived
must be utilized for airport purposes?
- 0%
- 100%
- 100% in excess of Fair Market Value (FMV)
- 50%
100%
,Airports are distinctly different from traditional municipal
operations in that they can operate as
- Centralized governments
- Federal agencies
- L.L.Cs
- Stand-alone enterprises
Stand-alone enterprises
Generally, airport authority board members are compensated as
follows:
- $1 a year to comply with federal and state labor laws
- Fair Market Value
- Minimum Wage
- Do not receive compensation and serve in a voluntary capacity
Do not receive compensation and serve in a voluntary capacity
Each type of airport of ownership has advantages and
disadvantages. What is a potential disadvantage to the
municipality owned structure?
- Power to tax and issue bonds
- access to other city/county departments
- Can be viewed as another department of the city/county
- Access to larger sources of funding
Can be viewed as another department of the City/County
,The debate over the status of the airport as either a public entity or
a business enterprise will likely continue for decades, but the
simplest understanding is that...
- An airport is a government entity run by elected officials
- An airport is a Department of Transportation sub-organization
- An airport is a public entity that is run like a business
- An airport is an enterprise fund with many departments
An airport is a public entity that is run like a business
The most common positions at an airport that are outside of the
vertical structure are the
- Finance and administration personnel
- Operations and maintenance positions
- Legal counsel and auditor
- Certification inspector and regulator
Legal counsel and auditor
, The terrorist attacks of Sept. 11, 2001 resulted in the Aviation and
Transportation Security Act of 2001 moving the airport and aircraft
operator security regulations from the FAA to the newly created
- Transportation Security Administration
- Civil Aviation Office
- Dept. of Homeland Security
- National Transportation Security Board
Transportation Security Administration
As a new airport manager trying to inventory all applicable airport
laws, and regulations, he or she be careful not to omit which form of
hidden regulation?
- FARs
- FAA orders
- Cert. Alerts
- Grant Assurances
Grant Assurances
