AERT 3540 Midterm

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

True

Which of the following international organizations was a result of the first attempts to create aviation multilateral regulations?

International Commission forAir Navigation (ICAN)

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

True

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

False

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

True

Air Service Agreements (ASAs) are aviation related bilateral agreements between two countries.

True

Which of the following entities have the ability to adopt new aviation multilateral regulations?

International GovernmentalOrganizations

Which of the following regulations pertains to the certification of helicopter operations?

127

Which of the following services would not be categorized under flight line services?

Flight Planning

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

False

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

False

Which of the following commercial flight operations is considered to consist of one of the most thoroughly and tight controlled aviation activities in the US?

Hint: You can find this on google!

Agricultural Application

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

False

Annexes to the Chicago Convention contain Standards and Recommended Practices (SARPs) which Member States must abide by and those they comply with. The convention originally established __________ and currently has ________ annexes.

12________19

Which of the following regulations pertains to the certification of business aviation, as one of the general aviation activities?

Part 91

In a ________ type of organization structure, employee availability is spread among various functions of teams i.e. an employee ends up working in more than one projects; each of those projects have a supervisor

Functional Management Organization

A temporary (short-lived), interdepartmental groups is created to address a problem, or an idea through brainstorming analysis is called  a __________

Task Force

Which of the following regulations does not explicitly address discrimination in the workplace?

The Federal Employment Compensation Act

According to the data collected from aviation businesses across the world during the last two years, which of the following areas presents the greatest challenge as far as the human resources is concerned?

Recruitment

Which of the following is not considered one of the main elements of communication?

Create

In a _________ type of organizational structure, an aviation business ends up hiring other people who have expertise in other fields to help with the operations of the business

Line and Staff Organization

When it comes to directing and controlling, which one of these traits tends to be a problem for most managers?

Poor Delegation

Which of the following is not one of the four functions of management described in your textbook?

Time Management

The Equal Pay Act was establishing to help protect discriminating against employees who have some of disability

False

Using the "Human Resource Pipeline' concept, motivating is considered the last step in the relationship between the employee and the employer

False

One of the ways that we can increase the motivation of our fellow employees by recognizing their achievements in some creative forms (such as money incentives)

False

One of the advantages of registering a business as a sole proprietorship instead of partnership or corporation is the benefit of limited liability

False

Span of Control refers to deciding how much degree of decision making will be left to be done by the employees at various lower levels

FalseT

In a partnership type of business, the partners will prepare a "written article of partnership" that explain their individual goals, partnership, and others (investment, compensation, assets, etc.)

True

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. 

True

Which of the following is NOT one of the sources of aviation forecasting data

Aerospace Industrial ForecastMagazine

Which of the following should we use when we are trying to price a product based on the amount of money we spent producing it?

Cost-Based

In the ____________ process, we basically try to find out how much of the customer base we have in an area as well understand what are their behaviors and preferences

Market research

Which of the following would not be an example of demand-based pricing method?

Promotional Pricing