MOCK EXAM 2 1AERO ECON LAW

Under the framework of the RA 776, the Civil Aeronautics Board main regulatory domain was to:

Economic Regulation of AIr Transport

If a foreign airline operating in the country wants to increase flight frequency withouth new bilateral agreement. Under RA 776, which authority must approve this?

CAB

A 65 year old pilot intends to act as PIC in a commercial air transport operation. Which of the following is allowed?

PIC in a domestic commercial operation

How long will it take the money to triple itself if invested at 10% compounded semi-annually?

11.3 years

Relative weight of Engineering Economics and Management, Laws, and Ethics

0.1

One morning after a storm, the previously tied down cessna 172 is nowhere to be found. This is classified as a/an

Accident

What is the present worth of a ₱500 annuity starting at the end of the 3rd year and continuing to the end of the 4th year, if the annual interest rate is 10%?

717

You borrow ₱3,500.00 for one year from a friend at an interest rate of 1.5% per month instead of taking a loan from a bank at a rate of 18% per year. How much lesser will you pay by borrowing the money from the bank?

54.66

Which of the following best illustrates the law of supply?

As the price of aircraft parts increases, suppliers produce more of them.

An intern mechanic performed a structural repair work with the senior mechanic observing. What Annex and contents are in effect that makes this situation acceptable?

Annex 1; work must be performed under the direct supervision of a licensed mechanic who assumes sign-off responsibility

Under the Code of Professional Ethics in the Implementing Rules and Regulations of PD 1570, an Aeronautical Engineer should refrain from giving a public opinion on an engineering matter unless he is fully informed of all relevant facts. This duty is classified under which area of professional relations?

Relations with the Public

According to the Implementing Rules and Regulations of the Aeronautical Engineering profession, which feature of the official board seal symbolizes that aeronautical engineering is a dynamic and progressive profession?

Shock waves attached to the airplane wing section

State aircraft such as Military, Police, or Customs, in the High Seas do not operate under ICAO SARPs but still should operate with

Due regard to safety of navigation of civil aircraft

An airline maintenance facility in Germany wants to perform heavy maintenance on Airbus aircraft. To do so legally, they must be approved as an organization under which EASA regulation?

EASA Part-145

Suppose that you have ₱20,000 cash today and can invest it at 8% compound interest each year. How many years will it take you to become a millionaire?

50 years

ICAO has how many official languages?

Six (Arabic, Chinese, English, French, Russian, Spanish)

If you have two options where to invest your money, which one will you choose? Option 1: 11% simple interest rate per annum Option 2: 10% simple discount rate per annum

Option 2

Unit System NOT used by ICAO

CGS

Title of 14 CFR

Aeronautics and Space

Taxiway exit that is made to quickly get off the runway

Taxiway Highspeed Exit

It is one that has occured in the past and has no relevance to estimates of future costs and revenue related to an alternative of action.

Sunk Cost

In SYD method of computing depreciation, what is the formula in computing the sum-of-years digit with n as the number of useful years of the equipment?

n (n+1)/2

It is a series of equal payments occuring at equal interval of time

Annuity

Which of the following best illustrates the law of supply?

As the price of aircraft parts increases, suppliers produce more of them.

You borrow ₱3,500.00 for one year from a friend at an interest rate of 1.5% per month instead of taking a loan from a bank at a rate of 18% per year. How much lesser you will pay by borrowing the money from the bank?

54.66

Which of the following has the least effective annual interest rate?

11.7% compounded semi-annually

If a deferred annuity has a 4-year period of deferral and 7-year annuity term, how many years from today will the term of the annuity end?

11 years

The paper currency issued by the central bank, which forms part of the country's money supply.

Bank note

A market whereby there is only one buyer of an item for which there are no goods substitute.

Monopsony

The point at which a business neither makes a profit nor incurs a loss.

Break-even

What is the future worth of ₱1,000 deposited annually for 10 years at 2% interest, if each payment is made at the beginning of every year?

11168.72

An electric saw costs ₱35,000 and has an estimated life of 5 years. If its salvage value is ₱1,750, determine the annual depreciation rate using the straight-line method.

0.19

Class 7 Airframe AMO Rating

Aircraft composed of composite and over 5700 MTOW

an aircraft on wet lease from a company in the united states is operated by a british airline. during taxiing in japan, it collided with a philippine registered aircraft, resulting in major damages on the wing of both aircraft and major injuries on a german wingwalker. Who initiates the investigation of the accident?

State of Occurence (Japan)

A student pilot completed their course a day before their 17th birthday. Are they now eligible for a private pilot license and why?

No since they did not meet the age requirement yet

An airline has chosen to operate using a hub-and-spoke network centered in Manila (MNL). Passengers from regional cities such as Davao (DVO), Cebu (CEB), and Iloilo (ILO) must connect through MNL before reaching their final destinations. Which of the following statements best describes a likely disadvantage of this system?

It can cause increased travel time and congestion at the hub during peak hours.

Two aircraft maintenance suppliers offer different successive discounts on the same ₱8,000 engine part. • Supplier A (JetParts): 15% and 20% • Supplier B (AeroSpare): 10% and 25% Both claim to give the better deal. Which supplier actually offers the lower final price?

AeroSpare

The exact simple interest of ₱6,300 invested from June 29, 1999 to December 30, 1999 is ₱150. What is the rate of interest?

0.047

Which EASA publication is used to analyze safety trends and provide statistics on European and worldwide civil aviation safety?

The Annual Safety Review

A company specifically approved to manage the "paperwork" and scheduling of an airline's maintenance program (rather than the physical fixing of the plane) must hold which approval?

Part-CAMO

Responsible for the economic regulation of air transportation

CAB

Under §5.4.1.9, upon registration of an aircraft in the Republic of the Philippines, what must the Authority do regarding Airworthiness Directives (ADs)?

Notify the State of Design and request all ADs addressing that aircraft, which then apply to the RP-registered aircraft

Which EASA Part would govern the medical fitness requirements and physical examinations for an airline pilot?

Part-MED

XYZ Company established that the relationship between the sales price for one of its products and the quantity sold per month is D = 780 - 10p units, where p is price in peso. The fixed cost is ₱800 per month and the variable cost is ₱30/unit. What number of units should be produced per month and sold to maximize net profit?

240 units

The annual maintenance cost of a 3D printing machine is ₱85,000. Each printed component costs ₱64 to produce and is sold for ₱130 per unit. Determine the number of components that must be produced and sold to break even.

1288 units

A man loans ₱187,400 from a bank with interest at 5% compounded annually. He agrees to pay his obligations by paying 8 equal annual payments, the first being due at the end of 10 years. Find the annual payments.

₱44,980

A regional airline operates three routes: • MNL–CEB (570 km, 180 seats) • MNL–DVO (980 km, 160 seats) • MNL–ILO (440 km, 150 seats) Each route is flown twice daily in each direction. Compute the total Available Seat Kilometers (ASK) for all flights in one week.

9,110,000 seat-km

EASA is responsible for the "Type Certification" of aircraft engines and propellers. Which of the following best describes this responsibility?

Ensuring the design of the engine meets all safety and environmental standards

Under §7.6.5, which of the following is NOT one of the conditions a Ground Proximity Warning System (GPWS) is designed to detect?

Loss of cabin pressurization

This office will assist the Director General in carrying out the responsibilities of certification and ongoing inspections of aircraft, airmen, and air operators.

Flight Standards Inspectorate Service