Podcast Beta
Questions and Answers
Which of the following characteristics of minimum standards most benefit the airport operator?
Select the true statement about Exclusive Rights.
What is the rule regarding airport fuel?
What is the term for an off-airport land owner that requires aeronautical access to the airport to conduct their flight operations?
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?
Signup and view all the answers
What type of budget requires a fresh perspective and reanalysis of all items every year?
Signup and view all the answers
Which financial statement uses accrual accounting to tell you “when” the money was spent or earned?
Signup and view all the answers
What is the most common type of aeronautical charge at a commercial service airport?
Signup and view all the answers
Which type of revenue is incidental to aircraft operations and classified as non-aeronautical revenue?
Signup and view all the answers
Which of the following is revenue diversion?
Signup and view all the answers
What is the FAA’s position on the airport’s Fee and Rental Structure?
Signup and view all the answers
What is the FAA’s position on non-aeronautical property?
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?
Signup and view all the answers
The ______ describes the reason for the airport’s existence.
Signup and view all the answers
Federal procurement policies do not apply to which of the following?
Signup and view all the answers
In which circumstance does one entity work under a single contract to provide design and construction services.
Signup and view all the answers
What system records ownership and usage and monitors and maintains items of value?
Signup and view all the answers
Which of the following relates to the ability of an Information Technology system to be upgraded?
Signup and view all the answers
What type of cyber attack overloads an information technology (IT) system with data, forcing it to shut down?
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?
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.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
