• Question

1
3 out of 3 points

Corporate aviation can
Selected Answer: Increase management productivity and increase profit margins.

• Question 2
0 out of 3 points

An arrangement where an aircraft is leased in return for equal time in the others airplane is a
Selected Answer: joint ownership agreement.

• Question 3
3 out of 3 points

When purchasing a new aircraft, the customer should
Selected Answer: negotiate the expectation of a completion schedule.

• Question 4
3 out of 3 points

As hourly utilization increases, cost per hour
Selected Answer: decreases.

• Question 5
3 out of 3 points

Commercial air transport is separated by the FAA into:
Selected Answer: Scheduled Airlines, Scheduled Commuter, On-Demand Charter

• Question 6
0 out of 3 points

The corporation Aircraft Owners Association changed its name to the National Business
Aviation Association in
Selected Answer: 1953

• Question 7
3 out of 3 points

What was the first passenger cabin jet aircraft used in corporate aviation?
Selected Answer: JetStar

• Question 8
3 out of 3 points

From a business perspective, one of the greatest advantages offered by owning a company
aircraft is the:
 Selected Answer: flexibility it give when scheduling travel.

• Question 9
3 out of 3 points

What government service initially encouraged aircraft manufacturers to create larger and
more capable aircraft?
Selected Answer: Mail service.

• Question 10
3 out of 3 points

An engine overhaul, aircraft repainting, and interior refurbishing are all parts of a
Selected Answer: capital budget.

• Question 11
3 out of 3 points

What aircraft has been the most popular turboprop?
Selected Answer: Beech King Air

• Question 12
3 out of 3 points

While the airlines can serve about 500 airports across the United States, business aircraft can
access:
Selected Answer: 5,000.

• Question 13
3 out of 3 points

Once data is collected from a travel analysis, the data is used so that additional analysis may
be conducted to match
Selected Answer: specific aircraft types.

• Question 14
3 out of 3 points

An arrangement where one owner pays for management and crew of an airplane and each
other owner pays a fee for those services is a
Selected Answer: joint ownership agreement.

• Question 15
3 out of 3 points

What aircraft will continue to be the workhorse aircraft for corporate aviation?
Selected Answer: Small and medium range turboprops, helicopters, and jets.

• Question 16
3 out of 3 points

Determining whether a company would be well advised to purchase ancillary aviation
services or initiate their own business flight department is the objective of a
Selected Answer: feasibility study.

• Question 17
3 out of 3 points

The fourth phase in the financial accounting process is
Selected Answer: controlling and tracking.

22 A fee imposed within the company for the use of the aircraft is a
*a. chargeback.
b. trip ticket fee.
c. travel voucher.

• Question 18
3 out of 3 points

A graphical representation of costs at various levels of activity shown on the same chart as
the variation of income with the same variation in activity is a
Selected Answer: break-even chart.

• Question 19
3 out of 3 points

Who was the first owner/operator of the Citation X in 1996?
Selected Answer: Arnold Palmer

• Question 20
3 out of 3 points

The typical third phase of the financial planning process is
Selected Answer: recording.

• Question 21
3 out of 3 points

The aviation manager is typically involved in the annual operational budget and
Selected Answer: the capital budget.

• Question 22
3 out of 3 points

Full ownership
 Selected Answer: generally requires a minimum level of utilization to be cost effective.

• Question 23
3 out of 3 points

The purpose of business aviation is to provide safe, efficient, and convenient air
transportation to support the mission and goals of:
Selected Answer: the corporation.

• Question 24
3 out of 3 points

Costs that must be paid on a periodic basis regardless of whether the aircraft flies or not are
Selected Answer: fixed costs.

• Question 25
3 out of 3 points

Because of the benefits of corporate aviation, over
Selected Answer: 66% of the largest corporations own aircraft.