AERT 3540 Mid T/F

Question 1

Cabotage is a freedom of the air that allows an air carrier to transport passengers and cargo between points within a foreign country.

Answer 1

true

Question 2

The first International Freedom of the Air allows an aircraft operator to land in another country without picking up or setting down passengers or cargo

Answer 2

false

Question 3

The second International Freedom of the Air allows an aircraft operator to fly over another country without landing.

Answer 3

false

Question 4

International Organizations, such as the International Air Transport Association (IATA) and the Airports Council International (ACI), do not play important role within international air law

Answer 4

fasle

Question 5

Demand substitution means the demand for a particular product or service can be met through a different or alternative product or service

Answer 5

true

Question 6

One of the practical solutions to dealing addressing economies of scale in aviation businesses is through consolidation

Answer 6

true

Question 7

General Aviation can serve as means of transport and also means of accomplishing an activity while in the air

Answer 7

true

Question 8

Under international air law, all countries that have signed on to the Chicago Convention have complete freedom to each other’s space

Answer 8

false

Question 9

Unlike other types of autonomous demands, aviation demand is considered to be a derived type of demand

Answer 9

true

Question 10

Demand substitution means the demand is easily reacting to the market changing conditions

Answer 10

false

Question 11

Aircraft operators are still expressing the need for cost-effective aircraft

Answer 11

true

Question 12

The Wright Brothers are famous because they were the inventors of aviation

Answer 12

fasle

Question 13

Signatory to the convention and contracting State refer to the same meaning i.e. A Member State that has signed on to a convention.

Answer 13

true

Question 14

The National Transportation Safety Board (NTSB) is the primary regulatory and safety agency for the aviation industry

Answer 14

fasle

Question 15

In general, piston engines are used within smaller general aviation aircraft

Answer 15

true

Question 16

From the FAA’s perspective, aircraft leases are characterized as either operating leases or capital leases

Answer 16

false

Question 17

All aircraft mortgages must be filed with the FAA headquarters office in Washington DC

Answer 17

false

Question 18

Most times, we analyze the aircraft cost of operations on the cost-per-hour basis

Answer 18

true

Question 19

One of the considered benefits for acquiring a company aircraft is the ability to more frequently visit the remote areas of interest to the company

Answer 19

true

Question 20

The capability of deploying several variants of twin-engines that cover long ranges has been partially made successfully by the utilization of ultra-high bypass turbofan engines

Answer 20

true

Question 21

As part of quality control, it is not recommended to have an aircraft technician inspect their own repair work.

Answer 21

true

Question 22

One of the challenges with predictive maintenance is the significant increase in operational costs

Answer 22

false

Question 23

All aircraft maintenance mechanics, technicians, and engineers (AMMTEs) must be licensed before they may participate in any maintenance activities.

Answer 23

false

Question 24

According to the regulations, aviation business can not partially outsource their maintenance operations/work. It is either they outsource all the maintenance operations, or they do not at all.

Answer 24

false

Question 25

High Failure Items list is normally provided by the original equipment manufacturer to the user

Answer 25

true

Question 26

One of the ways aviation maintenance managers can prioritize on what inventory parts to purchase is by frequently reviewing the high failure items' list from the OEM.

Answer 26

true

Question 27

The aircraft OEMs are solely responsible for ensuring the airworthiness certificates of their assembled aircraft types are up to date

Answer 27

false

Question 28

Once a type certificate is issued, the aircraft design cannot be changed.

Answer 28

true

Question 29

Sampling techniques have proven to be effective in aviation to help the managers obtain customers' opinion regarding the products and services

Answer 29

true

Question 30

As a manager you can have as many business plans for your product lines and/or services that you of plan to offer

Answer 30

true

Question 31

The International Civil Aviation Organization (ICAO) has training requirements for aircraft that operate over the oceans and from one country to another

Answer 31

true

Question 32

Price-based pricing is very similar to the demand-based pricing method except here we also consider the prices offered by our competitors in the market.

Answer 32

true

Question 33

Depending on the nature of the company, the manager might decide to reserve some roles and not delegate those to the other staff

Answer 33

true

Question 34

Fuel is the one variable cost that is difficult to estimate due to the volatility of pricing

Answer 34

true

Question 35

For flight operations that occur in the US, at least two categories of regulations have to be adhered; regulations pertaining the aircraft equipment (such as Title 14 Parts 119, 121, 135) and regulations pertaining to the training of the aircraft/crew personnel (such as Title 14 Parts 61, 65, 67)

Answer 35

true

Question 36

Over time, the simulation of business scenarios has proven to not be effective to help the manager make effective decisions

Answer 36

fasle

Question 37

Realistically, the final price of the product or service will be determined based on supply-demand conditions, along other factors (also called price elasticity by economists)

Answer 37

true

Question 38

Marketing covers four areas and one of them is the price of the product or service

Answer 38

true

Question 39

Sport Pilot Certificate Program is one of the events that have encouraged more pilots to obtain their pilot certificates and be engaged with general aviation

Answer 39

true

Question 40

A Business with a good forecasting regression model will have to continue reviewing the model over time as the relationships among the variables may change

Answer 40

true

Question 41

Planning in Management is very crucial because is at this stage when the manager gets to develop the business plan

Answer 41

true

Question 42

Charter Flight operations can occasionally be performed by scheduled air carrier such as airlines

Answer 42

true