1/31/24, 11:42 AM
Quiz: Running the Business: AVIA360: Corporate and Business Aviation (D03)
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Quiz: Running the Business
Due Nov 20, 2023 at 11:59pm Points 50 Questions 18
Time Limit 60 Minutes
This quiz is no longer available as the course has been concluded.
Attempt History
Attempt Time Score
LATEST Attempt 1 109 minutes 48 out of 50
Correct answers are hidden.
Score for this quiz: 48 out of 50
Submitted Nov 19, 2023 at 9:14pm
This attempt took 109 minutes.
0 / 2 pts
Question 1
Incorrect
Incorrect
Which method of on-demand transportation involves leasing an
aircraft to another operator for equal time on their aircraft?
Time share.
Joint ownership.
Interchange.
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1/31/24, 11:42 AM
Quiz: Running the Business: AVIA360: Corporate and Business Aviation (D03)
https://canvas.liberty.edu/courses/513212/quizzes/2592835
2/8
2 / 2 pts
Question 2
The purpose of business aviation is to provide safe, ecient, and
convenient air transportation to support the mission and goals of
the FAA.
the corporation.
the ight department.
2 / 2 pts
Question 3
Key-person insurance policies often use salary multipliers of what
value to help better value the time of an employee?
2.5 to 15 times salary value.
20 to 45.5 times salary value.
20 to 25 times salary value.
2 / 2 pts
Question 4
As a rule of thumb,what level of utilization is recommended before
considering full ownership of a company aircraft?
150 hours
200 hours
1/31/24, 11:42 AM
Quiz: Running the Business: AVIA360: Corporate and Business Aviation (D03)
https://canvas.liberty.edu/courses/513212/quizzes/2592835
3/8
250 hours
2 / 2 pts
Question 5
What happens to the total cost per hour as utilization increases?
Increases.
Decreases.
Remains the same.
2 / 2 pts
Question 6
Which is an example of a xed cost?
Fuel expenses.
Catering expenses.
Hangar expenses.
2 / 2 pts
Question 7
Who is responsible for ensuring that the aircraft maintenance and
inspections are complied with?
Pilot-in-command.
1/31/24, 11:42 AM
Quiz: Running the Business: AVIA360: Corporate and Business Aviation (D03)
https://canvas.liberty.edu/courses/513212/quizzes/2592835
4/8
Owner / operator.
Dispatch crew.
2 / 2 pts
Question 8
What is the percentage of companies that do not or minimally ask
internal departments to compensate for the use of the company
aircraft?
25%.
50%.
75%.
2 / 2 pts
Question 9
Which method of on-demand transportation provides a good value
to operators needing 100 to 150 annual hours?
Whole ownership.
Time-Share.
Charter.
2 / 2 pts
Question 10
1/31/24, 11:42 AM
Quiz: Running the Business: AVIA360: Corporate and Business Aviation (D03)
https://canvas.liberty.edu/courses/513212/quizzes/2592835
5/8
Which is a deciding factor when it comes to the decision to either
purchase of lease the aircraft?
Debt philosophy of company.
Market trends.
Condition of the economy.
2 / 2 pts
Question 11
The budget is an extension of which business process?
Saving.
Planning.
Justifying.
2 / 2 pts
Question 12
What key factor helps enable the the ight department to become
an "essential" part of an organization?
The ight department has worked to become an intrgral part of the
company.
The ight department provides effective and ecient service.
The ight department has proven to be safe and reliable.
1/31/24, 11:42 AM
Quiz: Running the Business: AVIA360: Corporate and Business Aviation (D03)
https://canvas.liberty.edu/courses/513212/quizzes/2592835
6/8
2 / 2 pts
Question 13
In addition to being "functional," the text mentions that the
organizational structure should be
lean.
at.
productive.
2 / 2 pts
Question 14
Which is a basic nancial process highlighted in the text?
Planning.
Spending.
Saving.
2 / 2 pts
Question 15
What method of trip approval offers aircraft users the most control
over aircaft scheduling?
Allowing only department heads access to scheduling software.
1/31/24, 11:42 AM
Quiz: Running the Business: AVIA360: Corporate and Business Aviation (D03)
https://canvas.liberty.edu/courses/513212/quizzes/2592835
7/8
Grant approval rights to only a few principals and the CEO.
Keep all scheduling and ight approvals within the ight
department.
5 / 5 pts
Question 16
Your Answer:
(Refer to the Class Project Excel le)Using the Quick Compare tab
enter the following aircraft:
1. newKing Air 250
2. new PiaggioP180 Evo
3. newKing Air 350i
Which airframe has the largest passenger cabin? What is the
value?
The new piaggio P180 Evo with a value of 619.2
5 / 5 pts
Question 17
(Refer to the Class Project Excel le)Using the Selection Matrix tab enter
the following:
Weight Factor:
Purchase Price: ................ 4
Age: ................................... 3
Value Factor/10,000: ....... 3
Cabin Volume: ................. 2
Wing Loading: .................. 2
Payloadw Max Fuel: ....... 2
Range w Max Payload: ... 2
DOC for 300nm trip: ....... 3
Maint. $/hour: ................. 3
1/31/24, 11:42 AM
Quiz: Running the Business: AVIA360: Corporate and Business Aviation (D03)
https://canvas.liberty.edu/courses/513212/quizzes/2592835
8/8
Your Answer:
Aircraft:
1. new PilatusPC24
2. new Citation CJ4
3. new Phenom300
Which airframe has the scored the highest? What is the score?
The Pilatus PC24 with a score of 214
10 / 10 pts
Question 18
Your Answer:
Use a minimum of two paragraphs to dene and describe the three
Psof administrative practice. The author spends some time on
this topic in chapter 4.
The three Ps for administrative practice would be a set of policies,
processes and procedures. This is important because it ensures that the
workplace is being ran by a set of rules and regulations that are set forth
by the company or the governing agency that overseas their work. This will
ensure that employees are always implementing safety into their
workplace, along with holding people responsible in case a situation
arises. This will show that everyone gets fair treatment along with
showcasing to the employee to work to the best of their ability to create a
safe environment not just for themselves but for everyone as well.
Quiz Score: 48 out of 50
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