AVIA 360 Quiz Determining the Need

AVIA 360 Quiz Determining the Need

AVIA 360 Quiz: Determining the Need

Covers the Learn material from Module 1: Week 1 — Module 2: Week 2.

1. At the time of this book being written, how many business aircraft (turbojet and turboprop) were being flown worldwide?
2. Corporate aircraft operations are distinct from employee-flown operations because of
3. The “narrow” perspective of corporate stakeholders focus primarily on
4. Commercial air transport is separated by the FAA into
5. Key-person insurance policies often use salary multipliers of what value to help better value the time of an employee?
6. Approximately how much of airline service supports business travelers?
7. What are the three divisions of on-demand air transportation?
8. Which method of on-demand transportation involves leasing an aircraft to another operator for equal time on their aircraft?
9. Annual Aircraft Operating Costs Determine the in Total Costs if you increased utilization 50 above the anticipated level of 320 flight hours.
10. All methods of on-demand air transportation should be viewed as
11. Which is an example of a fixed cost?
12. Annual Aircraft Operating Costs Determine the approximate Total Cost per Hour with the following data for a utilization level of 320 flight hours.
13. Annual Aircraft Operating Costs Determine the approximate Total Variable Cost with the following data for a utilization level of 320 flight hours.
14. It is important for the flight department manager to be aware that company culture
15. What happens to the total cost per hour as utilization increases?
16. (Refer to the Class Project Excel file: City-Pair Analysis Tab) Select the new HondaJet HA-420 from the drop down and place it in the input field. What is the estimated utilization (hours) to complete all company travel (including the expansion into Oklahoma)?
17. (Refer to the Class Project Excel file: City-Pair Analysis Tab) How much drive time to the home/departure airport is saved if the company decides to utilize an on-demand solution?
18. Use a minimum of two paragraphs to explain some of the differences one might consider when deciding between the purchase or lease of an aircraft.

Set 2

1. At the time of this book being written, how many business aircraft (turbojet and turboprop) were being flown worldwide?
2. Corporate aircraft operations are distinct from employee-flown operations because of
3. The “narrow” perspective of corporate stakeholders focus primarily on
4. Commercial air transport is separated by the FAA into
5. Key-person insurance policies often use salary multipliers of what value to help better value the time of an employee?
6. Approximately how much of airline service supports business travelers?
7. What are the three divisions of on-demand air transportation?
8. Which method of on-demand transportation involves leasing an aircraft to another operator for equal time on their aircraft?
9. Determine the in Total Costs if you increased utilization 50 above the anticipated level of 320 flight hours. Variable Cost ….$1,533 Fixed Cost ………$330,000
10. All methods of on-demand air transportation should be viewed as
11. Which is an example of a fixed cost?
12. Determine the approximate Total Cost per Hour with the following data for a utilization level of 320 flight hours. Variable Cost ….$1,533 Fixed Cost ………$330,000
13. Determine the approximate Total Variable Cost with the following data for a utilization level of 320 flight hours. Variable Cost ….$1,533 Fixed Cost ………$330,000
14. It is important for the flight department manager to be aware that company culture
15. What happens to the total cost per hour as utilization increases?
16. (Refer to the Class Project Excel file: City-Pair Analysis Tab) Select the new HondaJet HA-420 from the drop down and place it in the input field. What is the estimated utilization (hours) to complete all company travel (including the expansion into Oklahoma)?
17. (Refer to the Class Project Excel file: City-Pair Analysis Tab) How much drive time to the home/departure airport is saved if the company decides to utilize an on-demand solution?
18. Use a minimum of two paragraphs to explain some of the differences one might consider when deciding between the purchase or lease of an aircraft.