CHPTR 1
WHAT IS FAA
Federal aviation Administration
What can be a cause for poor time management
answers vary poor time management, on the phone, poor instructions etc
What are the four P’s of marketing
Product Price Place Promotion
types of profits
Return on Investment, reward for effort, reward for risk, sales to profit ratio
Best tv series
Modern Family
What is NTSB
National Transportation Safety board
What is the word described to be the best time managment strategy
DELEGATION
What is Market Research
The research a manager or owner does to be able to identify market trends, and underlying values
What is reward for effort
It’s the pay for work essentially payed for a job
Best movie
Your pick
What is TSA
Transportation Security Administration
What are time management strategy examples
Plan, organize, sort tasks list goal
What is a type of buisness that needs to focus on General Aviation market research
Answers vary, FBO
Reward for risk
Investments
The coolest airplane
The ones to fly
What are some potentials a FBO can provide for services
Lavatory Services, food, fueling and more
What Makes a good manager?
Answers vary
What are trends that could affect aviation markets
terrorism, wars, fractional ownership, new pilots
Profit to Sales ratio
Shows profits compared to the sale price the higher your score the better
how many points is the question
400
How is globalization being affected by Aviation
The ability to transport goods for half the cost and half the time it has been in the pass
Explain what Delegation means
the distribution of work to better fit goals, time and efforts amounts the employees
What is fractional ownership
when multiple people own parts of an aircraft making it more affordable
Should everyone be planning to for profits
YES
Finally were done
yay