managment
what is managment?
Getting things done through others
what event has had the greatest impact on general aviation operations
September 11, 2001
What percent of flight revenue do Business and first class account for?
Over 75%
What is the key to a successful Business?
Profit
When did the first plane make it across the Atlantic Ocean?
May 13, 1919
how many common managerial errors are there?
12
what kind of pilot certificate has seen an increase in numbers getting them?
Sports Pilot Certificate
what does FBO stand for?
Fixed Base Operations
what are the four main forms of profit?
Reward for risk, reward for effort, Return on investment, profit-to-sales ratio.
what is the worlds longest flight
19 hours, from singapore to new york
what are the four traditional functions?
Planning, Organizing, Directing/coordinating, and controlling
What are the four Ps of marketing?
Product, price, place, promotion
When did the first manned flight take flight
1783
what would be the greatest fault in any plan?
To not plan for profit, and hope for the best to happen
when was the jet engine brought into the industry?
From World War 11
what are the three leadership styles?
Authoritian leader, Participative leader, Delagative leader
When did the aviation market research see an upward trend in prosperity?
In the final two decades of the 20th century
What are the Various types of aircrafts?
Heavier and Lighter than air
what are two profit objectives?
Profit maximization, satisfactory profit, Non-monetary profit, Hobby/Business, Social responsibility. - Any of these two are correct answers.
what are the various forms of jet powered aircraft?
Jet Aviation and Civil Aviation
What is the rule for delegation?
The 80:20 rule
who uses fractional companies or ownerships?
Smaller corporations, Business people, frequent charter fliers. - General Aviation
who paved the way and were early adapters of aviation
The Wright Brothers
What are the four parts to setting cash flow and profit goals
Part one: Planning for positive cash flow
Part two: Planning for profit
Part Three: Budgeting
Part four: Other considerations
what is globalization in aviation?
The world is becoming a smaller place due to the efficiency and ease of travel through air transport.