Ch 1
What year was the Airlines Deregulation Act?
1978
What are the 3 types of leaders?
Authoritarian, Participative, Delegative
What are the 4 P's of marketing?
Product, price, place, and promotion
What is the key to a successful business?
Profit!
What is the busiest GA airport in the country?
Van Nuys, CA
What section of airline passengers accounts for up to 75% of the flights revenue
First and Business class
What style can an Authoritarian leader thrive?
When time is a constraint
Name 2 process of marketing
Identifying customers needs, selling
What are the 4 main forms of profit in the aviation industry?
Reward for risk, reward for effort, return on investment, profit to sales ratio
What is the busiest airport in the country?
KATL
Name 3 components of the modern aviation industry
Pilots, Maintenance, Airport system, Aircraft Manufacturers, Air carriers, GA,
When can a participative leader thrive?
When there is sufficient time to achieve the goal.
What is market research?
Understanding the trends and the factors that cause them.
What is a hobby business
A love of ones occupation where profit is not the concern.
What is the largest FBO in the country?
Signature
Who is the primary regulatory and safety agency for the aviation industry?
FAA
When can a delegative leader be effective?
When developing teamwork and morale.
What national trends affect GA?
Multiple answers
What are some of the steps in budget development?
Preparing for the budget, timetable, forecasting buisness
Where does a majority of aviation operation in the solar system occur?
Earth
What does FBO stand for?
Fixed based operator
What is the rule for leaders when delegating tasks?
80:20
What is tort reform
Part of the market context is created by government action.
What is capitol depreciation?
Concept that capitol assets loose their value over time.
Who fixed the KBZN radar?
Paul