1. To a FBO manager that is involved in the sale and trade of aircraft it would be necessary to understand that __________ aircraft sell more quickly than __________ aircraft.

New, used

Used, new

2. Airports that are eligible for federal planning and construction grants under the Airport Improvement Program (AIP) are encouraged to prepare a full Master Plan about every five years and to keep track of intermittent changes to facilities and activities.

True

False

3. Which one of the following flight operations is considered to be a scheduled operation?

Charter

Air-taxi

Commuter

4. The use of which form would be the most appropriate for ensuring line personnel only perform the exact tasks requested by the customer?

Customer order form

Line invoice form

8710 form

5. Information generated by a management information system can be used to generate ratios which can be used to further indicate business situations in a general sense. Which one of the following is NOT a type of ratio that would normally be used by an FBO manager to analyze such information?

Liquidity ratios

Legal ratios

Leverage ratios

6. The airport slot system was established to limit the number of takeoff and landing operations of non-scheduled flights that could be performed at airports in the United States where demand for their runway(s) exceeded capacity for such operations. In turn the slot system has left little room for scheduled flights.

True

False