10/3/23, 9:14 PM
Quiz: Economic Fundamentals: AVIA444: Principles of Transportation (B01)
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Quiz: Economic Fundamentals
Due Sep 25 at 11:59pm Points 40 Questions 10
Time Limit 30 Minutes
Instructions
Attempt History
Attempt Time Score
LATEST Attempt 1 18 minutes 36 out of 40
Correct answers are hidden.
Score for this quiz: 36 out of 40
Submitted Sep 24 at 6:15pm
This attempt took 18 minutes.
The quiz:
Covers the Learn material from Module 1: Week 1 — Module 5: Week 5.
Contains 10 multiple-choice and true/false questions.
Is limited to 30 minutes.
Allows 1 attempt.
Is worth 40 points.
You may refer to your notes and textbooks at any time during the assessment.
Submit this assignment by 11:59 p.m. (ET) on Monday of Module 5: Week 5.
4 / 4 pts
Question 1
What is the situation called when there are only a few airlines in a
certain market?
Economy of scale
Growth through merger
Mutual dependence
Online
Residential
Athletics
Alumni
Pa
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Joel Grusinski
10/3/23, 9:14 PM
Quiz: Economic Fundamentals: AVIA444: Principles of Transportation (B01)
2/5
Price rigidity
4 / 4 pts
Question 2
What is the calculation for Available Seat Miles (ASMs)?
(number of passengers) x (average stage length) x (number of seats)
(number of departures) x (average stage length) x (number of seats)
(number of departures) x (fuel cost) x (number of seats)
(number of departures) x (average stage length) x (number of
passenger)
4 / 4 pts
Question 3
Where do US airlines report operating cost data?
US DOT Form 89 database
Quarterly operating expense report
US DOT Form 41 database
Shareholders quarterly reports
4 / 4 pts
Question 4
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10/3/23, 9:14 PM
Quiz: Economic Fundamentals: AVIA444: Principles of Transportation (B01)
3/5
Typically, the larger the aircraft the great the unit cost per Available
Seat Mile (ASM)
True
False
4 / 4 pts
Question 5
An airline is considered an oligopoly industry.
True
False
4 / 4 pts
Question 6
ICAO requires its member states to submit annual operating cost data
for their airlines in a standardized form.
True
False
4 / 4 pts
Question 7
Block hours include ground times in addition to ight times.
True
False
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Quiz: Economic Fundamentals: AVIA444: Principles of Transportation (B01)
4/5
0 / 4 pts
Question 8
Incorrect
Incorrect
What component of Aircraft Operating Cost is the costliest?
Crew cost
Maintenance
Fuel /oil
Ownership
4 / 4 pts
Question 9
What are the three main functional cost categories?
aircraft operating costs, ground operating costs, and system operating
costs
ying operating costs, maintenance operating costs, and services
purchased
depreciation, amortization, ying operations
salaries, materials purchased, services purchased
4 / 4 pts
Question 10
Salaries, material purchased, landing fees, and depreciation are all
examples of what cost category?
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10/3/23, 9:14 PM
Quiz: Economic Fundamentals: AVIA444: Principles of Transportation (B01)
5/5
Operational
Administrative
Amortization
Functional
Quiz Score: 36 out of 40
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