AAAE Certification Membership Competency study guide Exam test questions with approved Answers 2023/2024
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AAAE
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AAAE
AAAE Certification Membership Competency study guide Exam test questions with approved Answers 2023/2024
Which of the following is NOT true of an airline use agreement? - correct answer It specifies the minimum level of service airline must provide.
Airport lease agreements normally contain a...
AAAE Certification Membership Competency
study guide Exam test questions with
approved Answers 2023/2024
Which of the following is NOT true of an airline use agreement? -
correct answer It specifies the minimum level of service airline
must provide.
Airport lease agreements normally contain a __________ to protect
an airport against potential claims or losses because of the way
the tenant conducts his or her operation. - correct answer
General indemnity Clause
Which of the following statements is true? - correct answer
Debt service can be included in a rate base.
_________ evaluation is the accepted accounting convention for
asset valuing of local government enterprise functions such as
airports. it is the simplest, most direct, and easiest way to verify
the measurement of costs. - correct answer Historic Cost
Airport policies toward balancing concession revenue with
service typically include all of the following techniques except
___________. - correct answer Setting product type and selection
Under the FAA's policy on rates and charges, if revenue is lost
because airports charge nonairport-related entities less than full
market value for leased space or property, the airports have
engaged in __________. - correct answer Revenue diversion
,In developing airport property, the major financial difference
between a ground lease provision and fee-simple ownership is
that __________. - correct answer No mortgage interest can be
placed on the land under a ground lease
The department of Transportation's primary dispute resolution
position is that issues of rates and charges are best resolved
__________. - correct answer At the local level by agreement
between users and airports
(T/F) With the ADO being responsible for carrying out the grant
process, it would be in the airport executive's best interest to
have their local government lobby and influence the ADO federal
employees. - correct answer False
(T/F) PFC's have caused problems for bond rating companies
because the legislation creating PFC's allowed the FAA to
terminate PFC authorization under certain circumstances. -
correct answer True
Which of the following is an advantage to issuing General
Obligation Bonds for financing airport capital improvements?
- Typically issued at a lower interest rate than other types of
bonds
- Secured by the revenue generated by the indebted facility
- Payment is backed by the full faith and credit of the airport
lessee
- Can be issued for up to 40 years - correct answer Typically
issued at a lower interest rate than other types of bonds
,The Air Traffic Control (ATC) system in our industry is seeing
significant changes due to the use of
- Localizer
- VORs
- GPS
- Glideslope - correct answer GPS
(T/F) Planning is a critical component in maintaining the airport
as a valuable community asset. Airport planning is performed at
the national, state, regional and local levels of government and
industry. - correct answer True
The federal plan for airports provides the federal government
perspective on the role of each public-use airport in the national
air transportation system. This plan is known as the
- National Master Plan
- National Plan of Integrated Airport System
- Federal Airport Improvement Program
- State Aviation System Plan - correct answer National Plan of
Integrated Airport Systems
Which of the following are the primary areas of an airport (check
all that apply)
- Roadside
- Landside
- Terminal
- Airside - correct answer Landside, Terminal, Airside
, Grant Assurance #29 (Airport Layout Plan) requires that the
Airport Sponsor keep the Airport Layout Plan updated at all
times. The primary functions of the ALP include all the following
except
- Blueprint for airport development
- Necessary for the airport to receive AIP funding
- Public document that serves as a record of aeronautical
requirements
- Depicts aviation forecast demands - correct answer Depicts
aviation forecast demands
(T/F) A standard Airport Layout Plan is comprised of one or two
sketches. - correct answer False
The ALP becomes a legal document after it is approved and
signed by the
- Transportation Security Administration
- Airport Sponsor governing body
- Federal Aviation Administration
- State Department of Transportation - correct answer Federal
Aviation Administration
The FAA ADO office can make the following type of changes on
the ALP if they are minor in scope.
- Draft watermarked
- Pen-and-Ink
- Penciled in
- Preliminary - correct answer Pen-and-Ink
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