Aaae Cm Exam Prep - Module 1

Front 1

What definition best fits privatization?

Back 1

The shifting of government functions and responsibilities, in whole or in part, to the private sector.

Front 2

Which two key positions at any airport are generally outside of the vertical reporting structure?

Back 2

Legal Counsel and Financial Auditor

Front 3

When does government immunity apply?

Back 3

To employees of federal, state, or local government, provided they are acting within the scope and authority of their position

Front 4

What is meant by the term "quiet enjoyment"?

Back 4

The unrestricted enjoyment of an individual's personal and real property

Front 5

A person is ______ if he or she fails to act as an ordinarily prudent person would act under the same circumstances

Back 5

Negligent

Front 6

Which regulation addressed airport noise planning?

Back 6

Title 14 CFR Part 150

Front 7

Which regulation addresses how a scheduled air carrier is required to operate (training requirements, safety, and maintenance requirements, etc.)?

Back 7

Title 14 CFR Part 121

Front 8

The public comment period for a Notice of Proposed Rulemaking for a minor change is normally how long?

Back 8

30 days

Front 9

Raytheon has just acquired 100 acres of property next to your airport. They are constructing a hangar and would like access to your airfield with a through-the-fence agreement. What would be the perspective of the FAA ADO?

Back 9

The FAA would encourage it as a way for the airport to be self-sustaining.

Front 10

Which Grant Assurance requires the airport to be available for public use without unjust discrimination for all aircraft activities?

Back 10

Economic Nondiscrimination

Front 11

What does the grant assurance addressing "compatible land use" require the airport to do?

Back 11

Attempt to restrict the use of land adjacent to or in the immediate vicinity of the airport

Front 12

Which is the ONLY exception to the Exclusive Rights Grant Assurance?

Back 12

The Airport may grant itself the exclusive right to conduct an aeronautical function

Front 13

Which of the following applies to all airport users (passengers, employees, etc.) and airport tenants?

Back 13

Rules and Regulations

Front 14

What type of use of airport revenue would NOT be approved by the FAA?

Back 14

General economic development for the community

Front 15

Your airport no longer needs some land that was acquired with federal funds for noise abatement, to protect against residential development. Your county commissioners want to know what you can do with the land.

Back 15

EITHER

- Sell it at fair market value and invest the money back into an FAA approved airport capital improvement projectOR

- Sell it and give the money back to the FAA

Front 16

What is the definition of an FAA Order?

Back 16

Directives on subjects and programs issued by the FAA

Front 17

A primary commercial service airport is defined as having more than _____ enplanements per year.

Back 17

More than 10,000

Front 18

A _____ relieves general aviation traffic from a commercial service airport.

Back 18

General aviation reliever airport

Front 19

What FAA office provides oversight of airport compliance with Part 139 and the grant assurances?

Back 19

Airport District Office (ADO)

Front 20

Which type of complaint against an airport is considered as "informal" complaint?

Back 20

Part 13

Front 21

Part 16 complaints about the airport operating policies and practices, can be dismissed by _____ office, based on improper procedural (i.e. legal process) grounds.

Back 21

The Director of the Office of Airport Safety and Standards

Front 22

What agency can make rules regarding aircraft operations after an accident?

Back 22

The Federal Aviation Administration (FAA)

Front 23

This is a non-profit organization that supports all general aviation pilots and personal aircraft owners.

Back 23

Aircraft Owners and Pilots Association (AOPA)

Front 24

The entity ranks in the top one percent of trade and professional associations.

Back 24

American Association of Airport Executives (AAAE)

Front 25

The _____ identifies the role of the airport to a community.

Back 25

Mission Statement

Front 26

Under which element of an airport strategic plan, would business contracts fit?

Back 26

Business Plan

Front 27

What document identifies the legal, financial, and operational relationship between the airport operator and the airlines?

Back 27

Aeronautical Use Agreement

Front 28

What gives signatory airlines the ability to influence capital projects undertaken at the airport by giving them the right to approve or disapprove proposed projects?

Back 28

Majority in Interest (MII)

Front 29

What types of charges are related to the operations and use of an airfield but are incidental to the operation of an aircraft?

Back 29

Non-Aeronautical Use

Front 30

A "personal property tax" on an aircraft based at an airport is an example of what type of revenue?

Back 30

Non-operating

Front 31

_____ airports have commonly used the residual method for setting rates because of the influence and power of an airlines in generating economic traffic.

Back 31

Large Hub

Front 32

FAA policy applies a strict _____ valuation standard to core aeronautical use facilities

Back 32

Historical

Front 33

"Two Dogs" is the name of a new Fixed-Base Operator at your airport. Their lease requires a periodic valuation of the property to set new rates. What type of lease is this?

Back 33

Revaluation lease

Front 34

According to the module, airports enplaning over _____ passengers annually are good candidates for brand-name vendors and concessions.

Back 34

5,000,000

Front 35

What financial statement provides a fiscal description of airport assets and liabilities at a specific point in time?

Back 35

Balance Sheet

Front 36

_____ is an annual "charge" that reflects the cost of capital improvements and equipment used in the conduct of business.

Back 36

Depreciation

Front 37

What statement shows revenues minus expenses to arrive at the "bottom line"?

Back 37

Income Statement

Front 38

What ratio is commonly used to determine a company's ability to meet its short term debt obligation?

Back 38

Current Ratio

Front 39

What measurement or ratio shows profitability minus interest and taxes?

Back 39

Operating Margin

Front 40

Which type of budget is normally associated with a small general aviation airport?

Back 40

Lump sum

Front 41

This type of budget is becoming the most popular for airports with compensatory agreements.

Back 41

Revenue or cost-centered

Front 42

According to the module, what is considered the most effective way to conduct a market analysis?

Back 42

Hire a knowledgeable consultant

Front 43

What types of bonds require voter approval and are closely associated with being issued by the States or Municipalities?

Back 43

General Obligation

Front 44

What is the first step in assessing the quality of a bond?

Back 44

Airport conducts informal discussion with the rating services.

Front 45

Which items are eligible for AIP funding?

Back 45

- In-Line Baggage Screening Equipment

- An airport fire struck

(non-revenue-generating)

Front 46

Which category has the highest priority for AIP funding?

Back 46

Safety and Security

Front 47

What types of federal funds are given to an airport through a set formula?

Back 47

Entitlement

Front 48

Which document conveys the intent of the FAA to obligate the money for an Airport Improvement Program project over a period of time?

Back 48

Letter of Intent (LOI)

Front 49

As related to when PFC's secure a bond project: In the event of a violation of the Airport Noise and Capacity Act, the FAA can _____.

Back 49

- Withdraw PFC authorization on any project when violations of the Noise Act occur

- Terminate the PFC authority on any project not covered by bonds

- Reduce a sponsor's authority to collect PFCs to an amount necessary to pay off the bond

Front 50

Strictly speaking, airports are not required to have liability insurance for which of these activities?

Back 50

The operation of a based aircraft that is not operating on the airport at the time of an incident nor took off from your airport and did not use fuel from your airport

Front 51

When did Congress decide that small communities required air service (note: we're not asking when the EAS program began)?

Back 51

In 1958 with the passafe of the

Federal Aviation Act

Front 52

The FAA is interpreting a regulation in a way that would negatively impact your airport operation - which AAAE department should you contact for assistance?

Back 52

Regulatory Affairs