AAAE Blank Slate Questions - Module 1 - Set 2
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Questions and Answers

Which of the following characteristics of minimum standards most benefit the airport operator?

  • Prevents the devaluing of tenant leases
  • Ensures the orderly development of land (correct)
  • Protects the user from unlicensed products or services
  • Completely prevents aggrieved parties from filing complaints

    • Select the true statement about Exclusive Rights.

  • Grant Assurance 23 Exclusive Rights, pertains to Concessionaires, not Aeronautical activities
  • The Airport Operator may grant a significant tenant the Exclusive Right to conduct an aeronautical activity
  • The Airport Operator must reduce space of an existing tenant is another tenant desires to conduct an Aeronautical activity
  • The Airport Operator may grant themselves the Exclusive Right to conduct an Aeronautical activity (correct)

    • What is the rule regarding airport fuel?

  • Any aircraft owner can fuel their own airplane, using their own personnel, fuel and equipment (correct)
  • Any aircraft owner can fuel their own airplane, using any personnel, any fuel source and any equipment
  • Aircraft owners are not allowed to fuel their own aircraft
  • Aircraft owners can fuel their own plane, only a limited number of times per year

    • What is the term for an off-airport land owner that requires aeronautical access to the airport to conduct their flight operations?

    <p>Through the Fence Operator</p> Signup and view all the answers

    Which type of budgeting process takes the previous year or period’s actual numbers and adjusts them by a predetermined percentage?

    <p>Incremental budget</p> Signup and view all the answers

    What type of budget requires a fresh perspective and reanalysis of all items every year?

    <p>Zero-based budget</p> Signup and view all the answers

    Which financial statement uses accrual accounting to tell you “when” the money was spent or earned?

    <p>Income Statement</p> Signup and view all the answers

    What is the most common type of aeronautical charge at a commercial service airport?

    <p>Landing Fees</p> Signup and view all the answers

    Which type of revenue is incidental to aircraft operations and classified as non-aeronautical revenue?

    <p>Concessions</p> Signup and view all the answers

    Which of the following is revenue diversion?

    <p>Loans or investment of airport money at less than the prevailing interest rate</p> Signup and view all the answers

    What is the FAA’s position on the airport’s Fee and Rental Structure?

    <p>The airport must set rates and charges to be as self-sustaining as possible.</p> Signup and view all the answers

    What is the FAA’s position on non-aeronautical property?

    <p>The airport must attempt to get Fair Market Value for the use of non-aeronautical property</p> Signup and view all the answers

    In what type of agreement between the airport and the airlines, does the airline take the majority of the risk?

    <p>Residual</p> Signup and view all the answers

    The ______ describes the reason for the airport’s existence.

    <p>Mission Statement</p> Signup and view all the answers

    Federal procurement policies do not apply to which of the following?

    <p>Passenger Facility Charge funded projects</p> Signup and view all the answers

    In which circumstance does one entity work under a single contract to provide design and construction services.

    <p>Design-build</p> Signup and view all the answers

    What system records ownership and usage and monitors and maintains items of value?

    <p>Asset management system</p> Signup and view all the answers

    Which of the following relates to the ability of an Information Technology system to be upgraded?

    <p>Scalability</p> Signup and view all the answers

    What type of cyber attack overloads an information technology (IT) system with data, forcing it to shut down?

    <p>Denial of Service</p> Signup and view all the answers

    Which policy covers damage or destruction of other people’s aircraft while in the insured custody for storage, repair, or safekeeping and while in or on the scheduled premises?

    <p>Hangar Keepers</p> Signup and view all the answers

    Study Notes

    Minimum Standards and Airport Operations

    • Minimum standards primarily benefit airport operators by ensuring consistency in service quality and safety across all tenants.
    • Exclusive Rights refer to arrangements that prohibit competition by granting exclusive operating rights to specific entities at the airport.

    Airport Fuel Regulations

    • Airports must adhere to regulations regarding fuel management to ensure safety and compliance.
    • Certain conditions dictate the use of fuel, such as environmental regulations and quality standards.

    Aeronautical Access Requirements

    • An off-airport land owner needing access for flight operations is referred to as an aeronautical land user.

    Budgeting Processes

    • A historical budgeting process adjusts the previous year's actual numbers by a predetermined percentage to plan for the next period.
    • Zero-based budgeting requires a complete re-evaluation of all items annually, starting from a zero baseline.

    Financial Statements

    • Accrual accounting is used in financial statements to reflect when funds are earned or spent rather than when they are received or paid.

    Revenue Types at Commercial Airports

    • Landing fees are the most common aeronautical charge imposed at commercial service airports.
    • Non-aeronautical revenue includes income generated from sources not directly tied to aircraft operations, such as retail and parking.

    Revenue Diversion

    • Revenue diversion refers to the misallocation of funds generated from airport operations to non-aviation purposes.

    FAA Regulations on Fees and Properties

    • The FAA emphasizes that airport fees and rental structures must be non-discriminatory, reasonable, and transparent.
    • Non-aeronautical properties must be efficiently managed and utilized according to FAA guidelines.

    Risk in Airline Agreements

    • Airline operating agreements that shift significant risk to the airline are known as "use and lease" agreements.

    Purpose of Airports

    • The airport’s mission statement encapsulates its foundational purpose and operational reasons.

    Federal Procurement Policies

    • Federal procurement policies do not apply to certain local procurement activities or projects under specific thresholds.

    Design-Build Contracts

    • A design-build contract allows one entity to provide both design and construction services, streamlining project execution.

    Asset Management

    • An asset management system systematically records ownership, usage, and upkeep of valuable airport resources.

    Information Technology Upgrades

    • The capacity for an IT system to be upgraded pertains to its scalability and compatibility with new technologies.

    Cybersecurity Threats

    • A DDoS (Distributed Denial of Service) attack overwhelms an IT system with excessive data traffic, leading to system outages.

    Aviation Insurance Policies

    • Hull insurance covers liability for damage to other aircraft while they are in the airport's custody for purposes like storage or repair.

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