Aviation History
Aircraft were quickly integrated into these various aspects of civilization
Military
Passenger transportation
Postal service
Cargo transportation
inability to stay up to date with what is going on within your industry and where it is headed
Failure to recognize industry trends
ability to remain organized, proficient, and on top of the tasks at hand
time managment
This helps the business owner understand the trends including the underlying factors causing them
Market research
what are 4 main forms of profit
Reward for Effort, Reward for Risk, Return on Investment, Profit to Sales Ratio
this aviation innovation came about in the 1930's but took off during WWII
What is the Jet Engine?
these are the four traditional functions of management
what is Planning, Organizing, Directing and Coordinating, Controlling
what causes time managment isues
various answers
does not require the same certificate and training to obtain your liscence
sport pilot
what are the profit objectives
Profit Maximization, Satisfactory Profit, Non-Momentary Profit, Hobby/Business, Social Responsibility
This aircraft has the ability for vertical landing and takeoff but also the cruising altitude of a regular airplane.
What is the Tilt-rotor aircraft
Expressing ones negative view about a company's decisions while in public
Failure to support company policy in public
best strategy for time managment
delegation
GA negative trend that effects small airports the most
Airport closures
realizing profit requires NO planning
no
When was the first fixed-wing aircraft flown?
1903
This type of leader/manager is considered to have a hands-off approach
What is a delegative leader?
when you say youl just do it tomorow
procrastination
how many catagories of product and services are there
12
Concept that businesses have a
DUTY to support the needs of
the community
social responsibility
what happened in 2001, leading to more security for travel.
terrorsim
This leadership style is considered to be hands-on and inclusive of group opinions
what is a participative leader?
one of the biggest time wasters and distractors
cell phone
what are the four p's
product, price, place, promotion
Profits measured in this way are examined
as a percentage earned on the equity the
owner holds in the business
Return on investment