Chapter 1
What types of aviation operations were among the first to adopt aircraft
Military, Passenger transport, Postal service, etc.
What are the main functions/activities of a good manager?
Planning, Organizing, Controlling, Directing/Coordinating
Lack of Priorities, Poor Time Management, Poor Communication Skills, Lack of Personal Accountability and Ethics, Failure/Overly focused on Profit are examples of this
common managerial errors
If I get two friends to sell what I am selling and they also get two friends each to do the same
Pyramid Scheme
TSA
Transportation Security Administration
NTSB, What is their primary responsibility in aviation?
National Transportation Safety Board, aircraft accident investigations
A manager who does not create or follow the company's rules or their own, faces this error?
Failure to Establish and Adhere to Standards
This is when a manager fails to produce, follow up, or adhere to product standards/development. Also, neglects employees or simply is not around
Lack of Personal Accountability and Ethics
Profit Objective where lowering the profit goal is for the enjoyment of the business itself
Non-Monetary Profit
NTSB
National Transportation Safety Board
FBO, who are they at BZN
Fixed Base Operator, YJC, Jet Aviation, and Million Air
this type of Leader/Manger employs a Laissez-Faire type of mentality ot lack of leadership
Delegative Leader
They do not want anyone to be mad at them or hurt anyone's feelings, may focus too heavily on friendship and being liked versus the product/task at hand
Therapeutic Leader
Profit Realization of understanding that the "customer is always right" or knowing what the customer wants
Marketing Orientation
FBO
Fixed Base Operator
In which year was the Airline Deregulation Act?
1978
This type of Leader/Manager is also known as an Autocratic Leader.
This is routinely the fastest grown GA market for aircraft production, purchasing, and form of business travel for it greatly reduces much of the cost and overhead
Fractional Aircraft Ownership
Under Forecasting Expenses what are some examples of "Variable"
fuel, oil, maintenance, crew
ARTCC
What companies are examples of Fractional ownership? What is it? Who is an example of new wealth in aviation in the area?
NetJets, Vista Jet, Flex Jet. Buying the usage of time in an aircraft. That fella with the Mig
Developing teamwork and morale is a positive side effect of this concept
Delegation
This is a level of airman certificate that allows a pilot to enter the air space without going through a lengthy process or seeking out a medical certification. A great stepping stone into becoming a pilot
Sport Pilot Certificate
Under Forecasting Expenses what are examples of "fixed"
Rent, Utilities, Labor, Insurance
FSDO
Flight Standards District Office