Chapter 1
The most extensive and sophisticated airport system in the world.
The four basic functions of management.
What is planning, organizing, directing and coordinating, and controlling?
The four P's of Marketing.
What is price, promotion, product, and place?
The definition of profit.
The rate of hyper-sonic speed.
What is, five times the speed of sound(mach 5) or faster?
The meaning of FBO
What is a Fixed Base Operation
The number of common mistakes made by managers
What is 12? can be found in Essentials of... pp.27-29
The different aviation markets.
What is poor(0-20), middle(21-88), upper(88-98), and wealthiest(98-100)? They all have different needs and budgets and need an applicable market.
The basic types of Profit Objectives.
What is profit maximization, satisfactory profit, non-monetary profit, hobby, social responsibility
The definition of Management by the book
Government Agency established due to 9/11, adding a new cost to FBO's
What is the Transportation Security Administration?
What is shift from the autocratic style toward the participatory style?
The run down of Fractional Aircraft Ownership
What is a type of time share plane service where you rent time in a plane with a provider if you fly too often for commercial.
The problem with accounts receivable.
What is that they are looking to get payment from clients to cover the money already spent on the job?
The single shortfall of managers that took up like three pages.
What is TIME MANAGEMENT?
The duty and number of Air Route Traffic Control Centers(ARTCCs)
The basic leadership styles.
What is authoritarian, charismatic, and therapeutic leader?
What is the National Plan of Integrated Airport Systems, a biennial document that shows airport needs and plans
The differences of Fixed and Variable expenses.
What is that fixed expenses typically don't change and variable costs go up with volume of sales or production?
How often an average manager is interrupted during the day
What is every eight minutes?
The possible aeronautical services listed by the FAA
What is many different things that can be found on page 18 of Essentials of Aviation Management. but that include: charter ops, pilot training, rentals and sightseeing, repair/maintenance of aircraft, etc.
What is Business Ethics?
What is the FBO advertising along with the airport the FBO is located at.
The thing that we all wish we did that helps save and effectively spend money.
What is a budget? ...seriously, I've never heard of it
How much one has to make to have fractional ownership cost effective.
What is 10-30million dollars...