In order for there to be "Free Markets" several preconditions must be met; among the
"top three" for a modern economic system are _____ . - ️️a predictable and stable
means of value exchange
The accounting paradigm that characterizes costs according to Unit Variable and NonUnit Variable cate...
AVMG 4200 Test 1
In order for there to be "Free Markets" several preconditions must be met; among the
"top three" for a modern economic system are _____ . - ✔️✔️a predictable and stable
means of value exchange
The accounting paradigm that characterizes costs according to Unit Variable and Non-
Unit Variable categories is the _____ approach. - ✔️✔️managerial accounting
"Time and Place Utility" refers to the concept or principle of - ✔️✔️goods in shortage
are worth more than goods in surplus
Product types that represent the market for air freight include items that are -
✔️✔️valuable relative to weight and volume
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
_____ . - ✔️✔️free market conditions are provided
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
The economic deregulation of the transportation industry began with - ✔️✔️rail in 1976
"Managerial" accounting deals primarily with - ✔️✔️assessing business alternatives
Under the "Cost Accounting" paradigm, labor is typically characterized as a _____ cost.
- ✔️✔️variable
Transportation adds value in an economic system by generating - ✔️✔️time and Place
utility
The _____ cost concept is a core principle of the modern Supply/Value Chain model. -
✔️✔️total
, The value created by a modern Supply/Value Chain is harvested - ✔️✔️only at the
retail (final customer) step of the process
A critical outcome of the supply chain is to deliver - ✔️✔️the right product to the right
place.
"Freight Eligibility" determines and goes along with and determines _____. -
✔️✔️modal option selection
The buying of transportation services is typically either done by a _____ or _____. -
✔️✔️shipper, forwarder
In the competitive environment for transportation services, _____ refers to the modal
characteristic defined by the convenience and number of dropoff & pickup locations. -
✔️✔️accessibility
The two main negotiation approaches between freight buyers and carriers are the
_____ and _____. - ✔️✔️adversarial, collaborative
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 - ✔️✔️Integrated, Combination, Dedicated
(all-cargo)
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
"Time & Place Value" is created by the _____ function in an organization. -
✔️✔️Logistics
"Possession Value" is created by the _____ function in an organization. -
✔️✔️Marketing
"Yield (or Revenue) Management" pricing strategy attempts to sell each ticket or waybill
- ✔️✔️for the maximum price possible
Profit maximizing decisions can only be determined through - ✔️✔️managerial
accounting
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper PatrickKaylian. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €8,32. Je zit daarna nergens aan vast.
