Question

1.To a FBO manager that is involved in the sale and trade of aircraft it would be necessary to understand that __________ aircraft sell more quickly than __________ aircraft.

		New, used
		Used, new 2.Airports that are eligible for federal planning and construction grants under the Airport Improvement Program (AIP) are encouraged to prepare a full Master Plan about every five years and to keep track of intermittent changes to facilities and activities. True False 3.Which one of the following flight operations is considered to be a scheduled operation? Charter Air-taxi Commuter 4.The use of which form would be the most appropriate for ensuring line personnel only perform the exact tasks requested by the customer? Customer order form Line invoice form 8710 form 5.Information generated by a management information system can be used to generate ratios which can be used to further indicate business situations in a general sense. Which one of the following is NOT a type of ratio that would normally be used by an FBO manager to analyze such information? Liquidity ratios Legal ratios Leverage ratios 6.The airport slot system was established to limit the number of takeoff and landing operations of non-scheduled flights that could be performed at airports in the United States where demand for their runway(s) exceeded capacity for such operations. In turn the slot system has left little room for scheduled flights. True False

Answer 1

1.To a FBO manager that is involved in the sale and trade of aircraft it would be necessary to understand that USED aircraft sell more quickly than NEW aircraft.

• In order to increase sales of new aircraft, dealers would entice prospective buyers with the idea of buying a new aircraft and then leasing it back to their fixed-base operator (FBO)

2.Airports that are eligible for federal planning and construction grants under the Airport Improvement Program (AIP) are encouraged to prepare a full Master Plan about every five years and to keep track of intermittent changes to facilities and activities.

Answer = TRUE

• The Airport Master Plan provides a graphic presentation of the future development of the airport and anticipated land uses
• It is made every 5 years

3.Which one of the following flight operations is considered to be a scheduled operation?

Answer = Commuter

• A charter flight & air taxi are a non-scheduled operation using a chartered aircraft

4.The use of which form would be the most appropriate for ensuring line personnel only perform the exact tasks requested by the customer?
Answer = Customer order form