1/31/24, 12:44 PM
Quiz: Profit Centers: AVIA314: Principles of Aviation Administration (B01)
https://canvas.liberty.edu/courses/455694/quizzes/2227638
1/9
Skip to Main Content
Quiz: Prot Centers
Due Jun 26, 2023 at 11:59pm Points 50 Questions 22
Time Limit 60 Minutes
This quiz is no longer available as the course has been concluded.
Attempt History
Attempt Time Score
LATEST Attempt 1 43 minutes 42 out of 50
Correct answers are hidden.
Score for this quiz: 42 out of 50
Submitted Jun 26, 2023 at 10:14pm
This attempt took 43 minutes.
2 / 2 pts
Question 1
What is the name of the aircraft that "represents a totally new
approach to executive transporataion?"
V-22 Osprey.
AW609.
The very light jet (VLJ).
2 / 2 pts
Question 2
What two factors of the jet powered aircraft opened up signicant
new horizons for aviation?
Online Residential Athletics Alumni Par
mylu.lib
n?
so.liberty
iberty.e
canvas.l
w.libert
erty.edu
/course
rse Reg
email.li
gency-
Alerts (ht
y.edu/fcFina
Initiative
/liber-
acesoftw
service-
IT Help
-(https://w
w.libert
SO/jummp Forwa
ertychamL
berty.ele
erty.ed
y.edu/adMas
w.libert
ps://www
-(htt
Searc
Miguel Irizarry
1/31/24, 12:44 PM
Quiz: Profit Centers: AVIA314: Principles of Aviation Administration (B01)
https://canvas.liberty.edu/courses/455694/quizzes/2227638
2/9
Aircraft speed and range.
Aircraft speed and endurance.
Aircraft speed and its ability to y above bad weather.
2 / 2 pts
Question 3
What was a secondary consideration of early aviation pioneers?
Developing better aircraft stability.
Setting world records.
Identifying markets for their technology.
2 / 2 pts
Question 4
"I'm so busy doing the urgent things that there isn't time to do the
important things."
This is a statement that most managers make.
This type of situation is primarily due to managerial indecisiveness.
This statement is from a manager who struggles with setting
priorities.
0 / 2 pts
Question 5
Incorrect
Incorrect
What helps make the business plan valuable?
mylu.lib
n?
so.liberty
iberty.e
canvas.l
w.libert
erty.edu
/course
rse Reg
email.li
gency-
Alerts (ht
y.edu/fcFina
Initiative
/liber-
acesoftw
service-
IT Help
-(https://w
w.libert
SO/jummp Forwa
ertychamL
berty.ele
erty.ed
y.edu/adMas
w.libert
ps://www
-(htt
1/31/24, 12:44 PM
Quiz: Profit Centers: AVIA314: Principles of Aviation Administration (B01)
https://canvas.liberty.edu/courses/455694/quizzes/2227638
3/9
If the plan is followed.
If the plan is examined and evaluated frequently.
If it is updated monthly.
2 / 2 pts
Question 6
What is one diculty a manager might face with cost based pricing?
The manager might not understand what the market will pay.
The manager does not understand how costs change with volume.
The manager is not familiar with the costs of competitors products.
2 / 2 pts
Question 7
What does the text mention about the value of inventory over a period
of time?
The text mentions that the value of inventory changes very little over
time.
The text mentions to consider storage and insurance costs.
The text mentions that the value of inventory increases over a period
of time.
mylu.lib
n?
so.liberty
iberty.e
canvas.l
w.libert
erty.edu
/course
rse Reg
email.li
gency-
Alerts (ht
y.edu/fcFina
Initiative
/liber-
acesoftw
service-
IT Help
-(https://w
w.libert
SO/jummp Forwa
ertychamL
berty.ele
erty.ed
y.edu/adMas
w.libert
ps://www
-(htt
1/31/24, 12:44 PM
Quiz: Profit Centers: AVIA314: Principles of Aviation Administration (B01)
https://canvas.liberty.edu/courses/455694/quizzes/2227638
4/9
2 / 2 pts
Question 8
In regard to HR laws and regulations,what is the purpose of workers'
compensation laws?
To promote equal and fair pay among workers.
To eliminate compensation discrimination in the workplace.
To ensure that employees who are injured or disabled on the job are
provided monetary rewards.
0 / 2 pts
Question 9
Incorrect
Incorrect
Which is true about the term "Span of Control"?
Span of control is only limited by the abilities of the manager.
Span of control refers to the quality of business activitiy.
Span of control may be determined by nature of the work.
2 / 2 pts
Question 10
In regard to work teams,group size should be based on
the task saturation point.
the balance between idea generation and effective communication.
the personality types of the team members.
mylu.lib
n?
so.liberty
iberty.e
canvas.l
w.libert
erty.edu
/course
rse Reg
email.li
gency-
Alerts (ht
y.edu/fcFina
Initiative
/liber-
acesoftw
service-
IT Help
-(https://w
w.libert
SO/jummp Forwa
ertychamL
berty.ele
erty.ed
y.edu/adMas
w.libert
ps://www
-(htt
1/31/24, 12:44 PM
Quiz: Profit Centers: AVIA314: Principles of Aviation Administration (B01)
https://canvas.liberty.edu/courses/455694/quizzes/2227638
5/9
2 / 2 pts
Question 11
How is a corporation uniquely viewed by Internal Revenue Code?
As its own legal entity.
As a single proprietorship exercisingthe privilegesafforded.
As an entity linked to,and as a result shares with,the board of
directors.
2 / 2 pts
Question 12
How is the receivables turnover ratio (receivables:sales per
day)helpful to the manager?
This ratio is helpful in determining the liquidity of current sales levels.
This ratio is helpful in determining how quickly a business can
generate credit sales.
This ratio is helpful in showing how ecient a business is at
eliminating outstanding credit sales.
2 / 2 pts
Question 13
Management information systems help to provide checks on
reality.Good records and frequent checks will help with which of the
following?
mylu.lib
n?
so.liberty
iberty.e
canvas.l
w.libert
erty.edu
/course
rse Reg
email.li
gency-
Alerts (ht
y.edu/fcFina
Initiative
/liber-
acesoftw
service-
IT Help
-(https://w
w.libert
SO/jummp Forwa
ertychamL
berty.ele
erty.ed
y.edu/adMas
w.libert
ps://www
-(htt
1/31/24, 12:44 PM
Quiz: Profit Centers: AVIA314: Principles of Aviation Administration (B01)
https://canvas.liberty.edu/courses/455694/quizzes/2227638
6/9
Year-end inventory tallies.
Tax preparation.
criminal prosecution of those caught stealing.
0 / 2 pts
Question 14
Incorrect
Incorrect
When considering protability ratios,what should be the approximate
return to the owner?
5 to 10percent
10 to 20percent
25 to 30 percent
2 / 2 pts
Question 15
How should the ight line operations of an FBO view ight crews and
their passengers?
They should be viewed as revenue generating opportunities.
They should be viewed as customers.
They should be viewed as partners in the institution of business.
0 / 2 pts
Question 16
Incorrect
Incorrect
Some FBOsprovide a red carpet service. What additional service does
this provide for the outgoing operators?
mylu.lib
n?
so.liberty
iberty.e
canvas.l
w.libert
erty.edu
/course
rse Reg
email.li
gency-
Alerts (ht
y.edu/fcFina
Initiative
/liber-
acesoftw
service-
IT Help
-(https://w
w.libert
SO/jummp Forwa
ertychamL
berty.ele
erty.ed
y.edu/adMas
w.libert
ps://www
-(htt
1/31/24, 12:44 PM
Quiz: Profit Centers: AVIA314: Principles of Aviation Administration (B01)
https://canvas.liberty.edu/courses/455694/quizzes/2227638
7/9
The last opportunity for passengers to see the company logo.
Provide a door mat to help keep the aircraft clean.
It is the last opportunity to create a good impression on the crew and
passengers.
2 / 2 pts
Question 17
The textbook mentions that a visitor's initial contact with the FBO
could be ____________________.
via the door to the FBO.
via the rst encounter on the ight line.
via UNICOM.
2 / 2 pts
Question 18
Which CFR Part regulates air carrier operations?
14 CFR Part 91
14 CFR Part 121
14 CFR Part 135
2 / 2 pts
Question 19
Which CFR Part regulates pilot qualications,privileges, and
limitations?
mylu.lib
n?
so.liberty
iberty.e
canvas.l
w.libert
erty.edu
/course
rse Reg
email.li
gency-
Alerts (ht
y.edu/fcFina
Initiative
/liber-
acesoftw
service-
IT Help
-(https://w
w.libert
SO/jummp Forwa
ertychamL
berty.ele
erty.ed
y.edu/adMas
w.libert
ps://www
-(htt
1/31/24, 12:44 PM
Quiz: Profit Centers: AVIA314: Principles of Aviation Administration (B01)
https://canvas.liberty.edu/courses/455694/quizzes/2227638
8/9
14 CFR Part 43
14 CFR Part 61
14 CFR Part 91
2 / 2 pts
Question 20
Which element of a ight instruction program is viewed as the most
critical?
The ight school facilities.
The ight school aircraft.
The ight school instructor.
5 / 5 pts
Question 21
Your Answer:
(Use a minimum of two paragraphs to address the following question)
List the principal areas of an effective business information system for an
aviation business.
The aviation business is a very complex industry, it requires integrating
customer requirements, ight scheduling, manpower coordination, ensuring
the maintenance and so many small in which one does not know. The rst
one be ensuring that the ight are being scheduled and then making sure that
you are able to fulll that ight with crews, making sure that the plane is able
to y, along making sure that everything for that ight is good to go. However,
as a business you want to make sure that you that fares you have are
reasonably priced, along with making sure that you have room for passengers
as well. This will make the most when you are ying.
As mentioned before, even though you are ying and making money off of
passengers that are traveling with the airline, you will need to ensure that you
have the manpower, coordinationof different parts of the aviation of the
mylu.lib
n?
so.liberty
iberty.e
canvas.l
w.libert
erty.edu
/course
rse Reg
email.li
gency-
Alerts (ht
y.edu/fcFina
Initiative
/liber-
acesoftw
service-
IT Help
-(https://w
w.libert
SO/jummp Forwa
ertychamL
berty.ele
erty.ed
y.edu/adMas
w.libert
ps://www
-(htt
1/31/24, 12:44 PM
Quiz: Profit Centers: AVIA314: Principles of Aviation Administration (B01)
https://canvas.liberty.edu/courses/455694/quizzes/2227638
9/9
industry. Sometimes people think that its just buying a ticket, boarding and
then arrive at your destination but there are a lot of things that go behind the
scenes.
5 / 5 pts
Question 22
Your Answer:
(Use a minimum of two paragraphs to address the following question)
What requirements must an air taxi operator meet for Part 135operations?
There are a lot of certications and processes that one must go through in
order to ensure they are legal and able to conduct operations under Part 135
operations. This type of operation includes being a citizen of the united states
and having company ownership of the business they are wanting to conduct.
They also need a principal base of operation and having at least one aircraft
that meets the requirement for the operation.
Additionally, they need to meet the maintenance requirements for the part 135
operations, having economic authority, insurance, management personnel
and submitting several company manuals that breaks down every aspect of
the company, emergency plans, aircraft and safety of the employees if
anything goes down. Lastly, they need to meet TSA security requirements,
drug and alcohol program, training curriculum for employees and pilots, and
an MEL for the type of aircraft they are using.
Quiz Score: 42 out of 50
mylu.lib
n?
so.liberty
iberty.e
canvas.l
w.libert
erty.edu
/course
rse Reg
email.li
gency-
Alerts (ht
y.edu/fcFina
Initiative
/liber-
acesoftw
service-
IT Help
-(https://w
w.libert
SO/jummp Forwa
ertychamL
berty.ele
erty.ed
y.edu/adMas
w.libert
ps://www
-(htt
Powered by TCPDF (www.tcpdf.org)
