Management
Define Management in 4 words?
Management can be defined as:
Control, Organization, Safety, Status.
Marketing Defined:
What is:
Identifying customer needs, Setting a price for customer needs, Promotion, Advertisement, etc...
Define Profit and the four main forms:
What is:
Profit is the benefit of receiving income or wealth from a product or goal.
Reward for Effort, Reward for Risk, Return on Investment, and Profit to Sales Ratio.
What is another term for an Authoritarian Leader
Autocratic Leader.
What is the model where people work towards tasks even if a manager is not in their presence.
What is Delegation.
The 4 basic functions of Management?
What are:
Controlling, Planning, Organizing, Directing/Coordinating.
Marketing in aviation means:
What is:
Companies strive to serve their customers with utmost of professionalism and importance. Promoting a company that serves guests with comfortability in mind ensures growth.
"Dividing the net profits of the business by its total sales". What type of profit is this?
What is: Profit to Sales Ratio
A superstar/star player shows you what?
They are great at working alone but might struggle with teamwork style tasks.
Why could Harry see the Thestrals in Hogsmede?
What is he has seen death.
Bob the manager is seen in public using innapropriate language towards the cashier. What common managerial error(s) does this violate?
1. Poor communication skills.
2. Failure to support the company policy in public.
3. Failure to recognize the need people fulfill by working.
The four P's of marketing:
What are:
Product, Price, Place, and Promotion.
Define the 4 types of Money.
Short-Term cash
Long-term cash
Equity
Employee Ownership
I traverse with a vision, yet I am not there, I inspire unity and make things clear. What am I?
A Leader
The 80:20 Rule is?
What is to determine if a person is ready for a delegative role.
What are: Authoritarian, Participative, and Delegative.
National Trends that Affect Aviation:
Terrorism, Technology improvements, Airport Changes, Mass sickness, etc...
What are 4 sources of money(There are 8 total)
What is:
Family and friends
Accounts receivable financing
Small Business Investment Companies
Customers
etc.....
Define Supercoach
What is a person who brings the team together to focus on tasks to do.
A person who is distracted while at work. And chooses to focus on unimportant things in the meantime is?
What is Poor Time Management/Procrastination.
Define Poor time Management?
The ability to receive interruptions frequently throughout the day, while still completing tasks on time.
Define Fractional Ownership of Aircraft:
What is:
Allows the pilot to fly a number of aircraft type while removing full ownership costs. Pilots usually pay for a specific number of flight hours per year which corresponds with the purchased share.
What is the definition of Return on Investment(ROI) and the "formula"
What is:
Profit measured as a percentage earned on the equity the owner of the business holds.
Profit divided by the cost of the investment or equality.
Net Profit($10) and the equity ($200) the ROI would be 5% (10/200=5%).
This type of leader utilizes a Laissez Faire type of management style.
What is a Delegative Leader.
Dave trouble shoots an error in the spreadsheet and corrects the problem through thinking is a?
Problem Solver