AERT 3540 Mid T/F Flashcards

1
Q

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

A

true

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2
Q

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

A

false

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3
Q

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

A

false

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4
Q

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

A

fasle

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5
Q

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

A

true

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6
Q

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

A

true

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7
Q

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

A

true

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8
Q

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

A

false

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9
Q

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

A

true

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10
Q

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

A

false

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11
Q

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

A

true

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12
Q

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

A

fasle

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13
Q

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

A

true

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14
Q

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

A

fasle

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15
Q

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

A

true

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16
Q

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

A

false

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17
Q

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

A

false

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18
Q

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

A

true

19
Q

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

A

true

20
Q

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

A

true

21
Q

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

A

true

22
Q

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

A

false

23
Q

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

A

false

24
Q

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.

A

false

25
Q

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

A

true

26
Q

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.

A

true

27
Q

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

A

false

28
Q

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

A

true

29
Q

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

A

true

30
Q

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

A

true

31
Q

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

A

true

32
Q

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.

A

true

33
Q

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

A

true

34
Q

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

A

true

35
Q

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)

A

true

36
Q

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

A

fasle

37
Q

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)

A

true

38
Q

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

A

true

39
Q

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

A

true

40
Q

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

A

true

41
Q

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

A

true

42
Q

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

A

true

43
Q
A