Management Functions
"Getting things done through others" is the definition of what?
Management
What are the 4 Ps of Marketing?
Product, Price, Place, Promotion
numerous FBO managers fail to do what with Profits?
Realize
This "concept" has many spigots
What are the 4 basic categories of questions that a manager should ask pertaining to their control?
General, Financial, Personnel, and Physical Assets
the 4 traditional functions of management are?
Planning, Organizing, Directing/Coordinating, and Controlling
The Natural Breakdown of Aviation Markets is into how many categories?
4 (Lowest earning, Mass market, third tier, top 2%)
What are the 2 main forms of Profit that begin with "Reward"
Reward for Risk, Reward for Effort
Are HR representatives expected to ask about personal interests when interviewing someone?
No, it typically doesn't matter
This type of business is owned by someone, but may include their spouse?
Sole Proprietorship
How frequently is a manager interrupted on average?
every 8 minutes
Helps them understand the trends including the underlying factors causing them
What are the other 2 main forms of Profit that do NOT start with Reward?
Often times HR representatives are helpful in doing this in order to avoid discrimination.
For managers, what is the "magic number" for span of control?
What are the 3 types of leadership?
Authoritarian, Participative, and Delegative
What are the 3 basic methods of pricing?
Cost-Based, Demand-Based, and Price-Based
This is the 1st step of the Information System for Realizing Profit?
Records
A good manager must always be on the "lookout" externally and internally for this?
Suitable talent
Partnership
Many managers struggle with this seemingly unavoidable issue within management
Time Management
FBO managers must pay close attention to these people in their applicable market?
the Competition
What is the length of "lag time" before getting paid that a company needs to consider external financing
30-90 days
Hands-on training is often also called this?
OJT
This internal structure design has smaller groups of specialized people from each department?
Task Force