profits cashflow and financing
What are the two types of forecast expenses
What is a full service FBO
What is an FBO that offers all aviation needs like charter, pilot training, aircraft rental, aircraft sales, ect.
What are the 4 functions of management?
Planning, Organizing, Directing/Coordinating, Controlling
What is failure to anticipate industry trends
There are 11 common management errors
What are the 4 types of financing Cash?
Short-term Cash, Long-term cash, Equity, Employee ownership
What does FBO stand for?
What is Fixed Base
Operator
What are the 4 Objectives of Delegation?
Spread the work realistically among available aides, See that the job is being done, Budget enough time to take corrective action should something go wrong, Develop subordinates talents and abilities
What is a Participative management style
A democratic approach allowing those under you to have a say in new approaches or policies.
budgeting is a waste of time
false
What is the companies "Major Asset"?
what is the Inventory
What must FBO's focus on to start, maintain, or improve their business?
Scale and prospects and airport management.
What is the 80:20 rule
Delegating tasks to people who are 80% ready to handle the task.
What is Laissez faire Leadership
Delegation of all tasks or the hands off approach
Authoritarian is the best form of management
false
What are the 5 profit objectives
What is profit maximization, satisfactory profit, non-momentary profit, hobby/business, social responsibility
What are the 3 FBO's at the Bozeman Airport
What is Million Air, Yellowstone, Jet Aviation.
What are some time management strategies?
Put phone on silent, go to a quiet place, Set time goals
How does poor time management affect the workforce
Various answers
An FBO can stay open even if the airport closes
False
What is the formula for ROI?
Net profit divided by cost of investment or equity
The threat of what is almost worse than the actual event?
Airport Closure
What are the 3 Management styles?
Authoritarian, Participative, Delegative
What is Will Ferrell's characters name in Anchorman 1 and 2
Ron Burgundy
False