AVIA 360 Exam 1 Liberty University

1. Corporate aviation can
2. An arrangement where an aircraft is leased in return for equal time in the others airplane is a
3. When purchasing a new aircraft, the customer should
4. As hourly utilization increases, cost per hour
5. Commercial air transport is separated by the FAA into:
6. The corporation Aircraft Owners Association changed its name to the National Business Aviation Association in
7. What was the first passenger cabin jet aircraft used in corporate aviation?
8. From a business perspective, one of the greatest advantages offered by owning a company aircraft is the:
9. What government service initially encouraged aircraft manufacturers to create larger and more capable aircraft?
10. An engine overhaul, aircraft repainting, and interior refurbishing are all parts of a
11. What aircraft has been the most popular turboprop?
12. While the airlines can serve about 500 airports across the United States, business aircraft can access:
13. Once data is collected from a travel analysis, the data is used so that additional analysis may be conducted to match
14. 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
15. What aircraft will continue to be the workhorse aircraft for corporate aviation?
16. 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
17. The fourth phase in the financial accounting process is
18. 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
19. Who was the first owner/operator of the Citation X in 1996?
20. The typical third phase of the financial planning process is
21. The aviation manager is typically involved in the annual operational budget and
22. Full ownership
23. The purpose of business aviation is to provide safe, efficient, and convenient air transportation to support the mission and goals of:
24. Costs that must be paid on a periodic basis regardless of whether the aircraft flies or not are
25. Because of the benefits of corporate aviation, over