MOCK EXAM 3 PHILS – Engineering Economics and Management Laws and Ethics

The operator shall have a ________ program acceptable to the Authority that includes audits of the conformance of the operator’s and service provider’s organization and employees to the requirements applicable to the transport of dangerous goods by air

Quality assurance

An annual deposit of P1270 is placed in the fund at the end of each year for 6 years. If the fund invested has a rate of interest of 5% compounded annually, how much is the worth of this fund at the end of 9 years?

₱10,000

What is the second step/process in the Aerodrome Certificate application process?

Aerodrome Manual Review and Acceptance

Documented organizational procedures and policies; internal audit of those policies and procedures; management review and recommendation for quality improvement.

Quality System

The annual income from the mine is P100,00 and the life of the mine is 20 years. Find the price that an investor is willing to pay for the mine if he considers that money is worth 5% and if he is to accumulate a sinking fund at 6% in order to replace the capital he invested.

₱1,295,595.97

Which of the following correctly defines Special VFR?

A flight cleared by ATC to operate within a CTR in conditions below VMC.

The present worth of cost associated with an asset for an infinite period of time is referred to as?

Capitalized cost

The Philippine president who signed R.A. 9497 was _____.

Gloria M. Arroyo

In the runway strip, which of the following is considered an obstacle?

Concrete runway end fence

I owe P10,000 due at the end of 3 years without interest. What should my creditor be willing to accept today if he discounts at 7% simple discount?

₱7,900.00

A man will deposite P200 with a savings and loan association at the beginning of each 3 months for 9 years. If the association pays interest at the rate of 5.5% quarterly, find the sum to his credit just after the last deposit.

₱9,363

Airplane operators with fewer than ten passenger seats are prohibited from flying to uncertified airports.

False

It is the amount which a willing buyer will pay to a willing seller for a property where each has equal advantage and is under no compulsion to buy or sell

Market Value

Which regulation provides the airworthiness standards for an airplane certificated in the normal category?

14 CFR Part 23

How long cockpit voice recorder and flight recorder data shall be kept in the event of an accident or occurrence resulting in termination of the flight?

60 days

A master card compounds monthly and charges an interest of 1.5% per month. What is the effective interest rate per year?

19.56%

If a low cost house and lot worth P87,000 were offered at 10% down payment and P500 per month for 25 years. What is the effective monthly interest rate on the diminishing balance?

0.492%

What are the categories according to JAR-66?

Cat. A, B1, B2, C

"Demonstration of skill to revalidate or renew ratings, and including such oral examination as the examiner may require" is the definition for a:

Proficiency check

How long must a certificate of maintenance be retained?

2 years following expiry

Which manual is required by CAAP for part 9 organizations?

MCM

The maintenance expense on a piece of machinery is estimated as follows. Maintenance for the 1st year is P150, and increases by 150 every year until the fourth year. If interest is 8%, find the equivalent uniform annual maintenance cost

₱360.59

Responsible for the investigation of air accidents and incidents involving civil aircraft occurring within the Republic of the Philippines; or occurring outside the Republic of the Philippines involving a Republic of the Philippines registered aircraft or aircraft operated by a Republic of the Philippines Air Operator Certificate (AOC) holder.

Aircraft Accident Investigation and Inquiry Board (AAIIB)

Alternate yellow/green centerline lights of a taxiway indicate:

An ILS/MLS critical/sensitive area

This part of Philippines’ Civil Aviation Regulations present medical standards for the granting of licenses and certification, and for the administration of medical examinations.

Part 2

Which Code letter has a 4.5 m minimum clearance distance for aircraft stands?

C

A foreign air operator may not operate an aircraft in commercial air transportation operations in Republic of the Philippines contrary to the requirements of:

All of the above

A machine costs P80,000 and has an estimated salvage value of P20,000 at the end of 20 years useful life. Compute the book value at the end of 2nd year using sinking fund method of depreciation based on 8% interest rate.

₱77,272.85

This CAAP department is in charge of all airport facilities that are used for air operations, air traffic, and air navigation.

ADMS

A method of depreciation whereby the amount to recover is spread uniformly over the estimated life of the asset in terms of the periods or units of output

Straight line method

A fixed capital investment of P10,000,000 is required for a proposed manufacturing plant and an estimated working capital of P2,000,000. Annual depreciation is estimated to be 10% of the fixed capital investment. Determine the rate of return on the total investment if the annual profit is P2,500,000.

28.33%

A type of bond which does not have security except a promise to pay by the issuing corporation

Debenture bond

The reduction in the money value of a capital asset is called.

Capital loss

The sanction of a maintenance performed by unauthorized personnel without a certificate is?

30 to 45 day suspension

Research and development costs and administrative expenses are added to the factory costs to give the ________ of the product.

Manufacturing cost

A Certificate or Rating issued to an Approved Maintenance Organization is valid for _________ from the date of issuance subject to compliance with the Approved Maintenance Organization Procedures Manual and the provisions of PCAR Part 6.

Five (5) years

Part _______ prescribes the minimum instrument and equipment requirements for all aircraft in all operations.

Part 7

The present value of an option that will last indefinitely.

Capitalized cost

It is an indirect carrier which utilizes the services of a direct carrier and is responsible for the transportation of property from the point of receipt to the point of destination.

Air freight

It is the alteration of an aircraft/aeronautical product in conformity with an approved standard.

Modification

It refers to and includes scheduled or non-scheduled air transport services for pay or hire, the navigation of aircraft in furtherance of a business, the navigation of aircraft from one place to another for operation in the conduct of a business, or an aircraft operation involving the transport of passengers, cargo, or mail for remuneration or hire.

Commercial air transport operation

An engineer bought an equipment for ₱500,000. He spent an additional ₱30,000 for installation and other expenses. The salvage value is 10% of the first cost. If the book value at the end of 5 years will be ₱291,500 using the straight-line method of depreciation, compute the useful life of the equipment in years.

10

It is an ICAO-specified chart that indicates all significant obstacles within an aerodrome's take-off area up to 10 kilometers from the runway's end.

Type A

Because of the peso devaluation, a car costing ₱150,000 is to be purchased through a finance company instead of paying cash. If the buyer is required to pay ₱40,000 as down payment and ₱4,000 each month for four years, what is the effective interest rate on the diminishing balance?

35.3%

Ten years ago the value of money was ₱120,000 and now it is worth ₱179,000. Compute the value of the single payment amount factor.

1.492

What is referred to as an individual who organizes factors of production to undertake a venture with a view to profit?

Entrepreneur

The Director General or his/her authorized representative shall be authorized to conduct inspection to:

All of the above

The aircraft weight schedule shall be retained _______.

For 6 months following expiry

If money is worth 10% yearly, compounded quarterly, what monthly savings is required in order to have ₱200,000 at the end of 10 years?

₱981.28

It is the length of a runway that can be used for landing.

Landing Distance Available