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AVMG 4200 Exam 1 Questions And Answers Rated A+ New Update Assured Satisfaction

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  • Course
  • AVMG 4200
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  • AVMG 4200

At the "front end" of the aviation industry supply/value chain, the focus is on - ️️creating the resources to provide a capability Utility or Value in an economic system created by the "physical transformation of materials from raw to finished product" is called _____ value. - ️️Form Th...

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  • September 14, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • AVMG 4200
  • AVMG 4200
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PatrickKaylian
AVMG 4200 Exam 1
At the "front end" of the aviation industry supply/value chain, the focus is on -
✔️✔️creating the resources to provide a capability

Utility or Value in an economic system created by the "physical transformation of
materials from raw to finished product" is called _____ value. - ✔️✔️Form

The cost per passenger (or pound) for a flight is literally impossible to calculate in
advance because - ✔️✔️the costs are fixed but demand varies


Why is it so difficult to find a "truly domestic product" in almost any country or region
today? - ✔️✔️reduction in the costs of transporting products over greater distances and
easing of trade restrictions

The three fundamental forms of utility under capitalist economic theory are: -
✔️✔️Possession, Form, and Time/Space

The explosion in international trade at the end of World War II that continues to this day
is a direct result of three main factors; among them are - ✔️✔️transportation over great
distances has become easy. cheap, and ubiquitous


Under the "Cost Accounting" paradigm, the majority of fuel costs are characterized as -
✔️✔️Variable


The accounting paradigm that characterizes costs according to Direct Operating,
Indirect Operating, and Non-Operating categories is the _____ approach - ✔️✔️cost
accounting

The economic deregulation of the transportation industry began with - ✔️✔️rail in 1976

The value created by a modern Supply/Value Chain is harvested - ✔️✔️only at the
retail (final customer) step of the process

Which of the below is not one of the external forces driving the rate of change and
shaping our economic and political landscape? - ✔️✔️Environmental concerns

Transportation service providers (freight or passengers) earn money by creating -
✔️✔️time and place utility

, In a modern Supply/Value Chain - ✔️✔️cost is generated by every single activity

For international-intercontinental carriage, _____ dominates in freight tonne-kilometres
(FTKs). - ✔️✔️water

Air freight is typically carried by either _____ or _____. - ✔️✔️Combination carriers, Air
cargo carriers

Motor Freight is unique among all modes due its ability to provide _____. - ✔️✔️First &
Last mile logistics

"Freight Eligibility" determines and goes along with and determines _____. -
✔️✔️modal option selection


Product types that represent the market for air freight include items that are -
✔️✔️sensitive to environmental extremes

The three broad categories of air transportation services provided by the macro aviation
industry supply/value chain include - ✔️✔️Scheduled, On-Demand, Public Service

Product types that represent the market for air freight include items that are -
✔️✔️Valuable relative to weight and volume


The "Cost of Movement" (transportation price and features) varies widely among the
different modes of transportation available to a shipper. Which transportation modes are
typically the FASTEST? - ✔️✔️Air and Truck

The "Value Proposition" that must be satisfied for the "invisible hand" to move goods
from areas of surplus to areas of shortage holds that the _____ must be _______ the
______ . - ✔️✔️change in total value, greater than, change in total cost

Why is it so difficult to find a "truly domestic product" in almost any country or region
today? - ✔️✔️reduction in the costs of transporting products over greater distances and
easing of trade restrictions

"Managerial" accounting deals primarily with - ✔️✔️assessing business alternatives

The "broad rule making powers" granted by Congress to the cabinet level secretaries -
✔️✔️have the full force of criminal and civil law until overturned by the Supreme Court

At a minimum, the "lowest" price per seat (pax) or pound (cargo) should be set to -
✔️✔️cover all costs associated with the flight

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