AVMG 4200 TEST 1 QUESTIONS AND CORRECT ANSWERS | LATEST UPDATE
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Course
AVMG 4200
Institution
AVMG 4200
The three fundamental forms of utility under capitalist economic theory are:
-:- Possession, Form, and Time/Space
Goods will move from areas of surplus to areas of shortage as if by a mysterious "Invisible
Hand" as long as three fundamental conditions are met; among these are _____ .
-:- fre...
The two main negotiation approaches between freight buyers and carriers are the _____
and _____.
✓ -:- adversarial, collaborative
Product types that represent the market for air freight include items that are
✓ -:- valuable relative to weight and volume
In the "Physical perspective" of the aviation industry macro supply/value chain, the system is
made up of
✓ -:- nodes (locations) and arcs (routes)
The "arcs" in the physical model of the aviation industry supply/value chain perspective can
be either _____ or _____.
✓ -:- surface, air
The three types of Air Freight Carriers are
4|P a g e | G r a d e A + | 2 0 2 0 2 5
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