1/31/24, 12:45 PM
Quiz: Risk Management: AVIA314: Principles of Aviation Administration (B01)
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Quiz: Risk Management
Due Jul 7, 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 48 minutes 34 out of 50
Correct answers are hidden.
Score for this quiz: 34 out of 50
Submitted Jul 5, 2023 at 1:03pm
This attempt took 48 minutes.
2 / 2 pts
Question 1
What is a Flight Service Station?
Government contracted aviation services.
Another name for FBO.
A station where aircraft maintenance is performed.
2 / 2 pts
Question 2
What was the main focus of the GARA?
Online Residential Athletics Alumni Par
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Searc
Miguel Irizarry
1/31/24, 12:45 PM
Quiz: Risk Management: AVIA314: Principles of Aviation Administration (B01)
https://canvas.liberty.edu/courses/455694/quizzes/2227643
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To reduce the tax burden on manufacturers.
Help produce a free market environment in the airlines.
Specic laws designed to reduce product liability.
2 / 2 pts
Question 3
Numerous studies have revealed that decision making results are
better when
setting company goals and objectives as a context for the decision.
data is collected and analyzed.
key personnel in the process become involved.
0 / 2 pts
Question 4
Incorrect
Incorrect
What does it mean when the text says that marketing is as much an
art as a science?
No two approaches in marketing are the same. The business owner
must consider many variables before settling on a marketing strategy.
Marketing results are predictable. The business owner must simply
improve delivery for noticeable results to their marketing strategy.
Having a marketing orientation produces consistent results.
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Quiz: Risk Management: AVIA314: Principles of Aviation Administration (B01)
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2 / 2 pts
Question 5
Which is a disadvantage for a partnership?
Liability exposure.
The diculty in organization.
The high amount of capital required to organize.
0 / 2 pts
Question 6
Incorrect
Incorrect
Where should the manager begin when developing the master plan for
a business' information system?
The manager should begin at where and how data is collected.
The manager should begin with a careful analysis of
measurableoutputs.
The manager should begin by determining the nal products needed
for analysis.
2 / 2 pts
Question 7
Which segment of the FBO business is called the nerve center?
Flight line
Front desk
Accoutning
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Quiz: Risk Management: AVIA314: Principles of Aviation Administration (B01)
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2 / 2 pts
Question 8
Which factor solidied the hub-and-spoke model of airline service?
Rising fuel prices
Airline Deregulation Act of 1978
The number of competitors in the airline industry
0 / 2 pts
Question 9
Incorrect
Incorrect
Which CFR Part regulates the certication of maintenance personnel?
14 CFR Part 43
14 CFR Part 61
14 CFR Part 65
2 / 2 pts
Question 10
Which is a good step to follow when ensuring good quality control of
work performed?
Provide feedback to technicians on a job to job basis.
Provide corporate-wide incentives that employees can participate in
and be rewarded for good job performance.
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Quiz: Risk Management: AVIA314: Principles of Aviation Administration (B01)
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Provide a person other than the one doing the work to inspect the
work performed.
0 / 2 pts
Question 11
Incorrect
Incorrect
The aircraft maintenance industry is complex and highly
regulated.What was one area mentioned in the text that the manager
entering the maintenance business needs to understand?
The manager needs to be familiar with industry organizations that
offer legal advice.
The manager needs to be familiar with the regulations outlined in 14
CFR Part 61.
The manager needs to be familiar with the personnel and equipment
needed for the various levelsof maintenance activity.
0 / 2 pts
Question 12
Incorrect
Incorrect
Which is a variable when considering the Economic Ordering Quantity
(EOQ)?
The most economical amount to purchase is when the total unit cost
is at a minimum.
The most economical amount to purchase is when the acquisition
cost is at a minimum.
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The most economical amount to purchase is when the possession
cost is at a minimum.
2 / 2 pts
Question 13
In regard to the certication of the maintenance technician,what is
the total number of training hours required?
1,500 hours
1,750 hours
1,900 hours
2 / 2 pts
Question 14
Which part of the regulations addresses reporting to the NTSB?
14 CFR Part 1
14 CFR Part 911
NTSB Part 830
2 / 2 pts
Question 15
What does the General Aviation Revitalization Act (GARA)provide?
It provides an 18-year statute of repose on product liability.
It provides new safety standards that improve product safety.
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Quiz: Risk Management: AVIA314: Principles of Aviation Administration (B01)
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It provides a subsidy system to incentivize manufacturing.
2 / 2 pts
Question 16
What does ARFF stand for?
Aviation Revitalizationand Future Funding Act of 1988
Airport runway and facilities fund
Aircraft rescue and reghting
0 / 2 pts
Question 17
Incorrect
Incorrect
What are the two areas associated with risk management?
Risk identication and risk assessment
Risk analysis and risk mitigation
Risk reduction and risk transfer
0 / 2 pts
Question 18
Incorrect
Incorrect
In regard to lease terms,what special provisions should be included
within the lease agreement?
The ability to negotiate a lease extension.
The ability to expand lease coverage.
The ability to renegotiate lease scope annually?
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0 / 2 pts
Question 19
Incorrect
Incorrect
In regard to physical facilities,what is meant by the idea of a reversion
clause in the lease contract?
At the completion of the lease term,and no new contract has been
agreed upon,lease payments will revert to original lease terms.
At the completion of the lease term,facilities will revert to the airport
and tenants will be asked to lease the facilities they purchased.
All facilities and property will revert to airport ownership.
2 / 2 pts
Question 20
The survival of the FBO as a businessis tied directly to
the survival ofthe airport.
the ability of local business leaders to market the FBO.
theability of local elected ocials to market the FBO.
5 / 5 pts
Question 21
Your Answer:
(Use a minimum of two paragraphs to address the following question)
What are three implications of product liability for an aviation maintenance
facility?
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There are three types of risk when it comes to product liability. The rst one is
design defect, which is the complete line of products that are dangerous to
either the aircraft, aircrew and personnel on the ground. The next one is
manufacturing defect which is when a manufacturer fails to produce the
product correctly, a defect may exist in the product itself and was not caught
during this process. However, this poses a threat because it can cause harm
for those who install the product onto their aircraft. Lastly, the one implication
is failure to warn. This means that the manufacturer fails to warn the
consumer or the installer of the product of a defect that they discovered and
not warning anyone cause great harm to whoever is around but also imposes
liability for maintenance facility and the manufacturer. So it basically
becomes a rolling downhill storm that makes the maintenance facility that
much more liable. So it is important to stay on top of things.
5 / 5 pts
Question 22
Your Answer:
(Use a minimum of two paragraphs to address the following question)
How is an FBO affectedby the operation of those parts of the airport not
covered in its lease?
FBOs are greatly affected by the operation if lease terms due to the access.
Some FBOs may be reliant on other tenants or areas of the airport to access
the leasehold. So if these areas are not maintained or if there are no other
tenants around to ensure the maintenance of things, it can truly impact
business and the FBO itself. Another thing is the competition. If there are
areas throughout the airport that do not have any non-leased areas, this can
become home to other competitors or service providers which create a Varity
of other competition that can greatly impact business. Last one would be
airport regulations as time passes the home airport might create rules and
regulations that probably would require noise restrictions, security measures
and such, which can greatly impact the FBO.
Quiz Score: 34 out of 50
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