quiz 1

Question 1

what is capital expense

Answer 1

big items that are bought once

Question 2

operating expense

Answer 2

the day to day operations

Question 3

4 types of operating expenses

Answer 3

airfield, terminal, hangars, general and administrative expense

Question 4

grants can be used for

Answer 4

planning, help with development, capacity enhancements, noise projects, capital costs

Question 5

grants cannot be used for

Answer 5

revenue generating projects, operating costs

Question 6

what are passenger facility charges

Answer 6

another fee on your ticket. instead of paying a charge to enter the airport, 4.50 is on every ticket to fly. only up to two legs.

Question 7

how are grants distributed

Answer 7

apportionment (entitlement) set aside, discretionary

Question 8

what is apportionment

Answer 8

if on the list, you are automatically given some if you have an eligible project.

Question 9

what is set aside

Answer 9

when congress authorized this expenditure of FAA money, congress directs the money.

Question 10

what is discretionary

Answer 10

FAAs distribution they decide where the rest goes. Congress can give them some direction. most of the money.

Question 11

what is an organization chart

Answer 11

shows employees their position within their organization. needs to be fluid, no two are the same.

Question 12

what is formal authority

Answer 12

relationship between supervisors and subordinates

Question 13

what is privatization

Answer 13

owned by a private company.y not on air carrie airports.

Question 14

who are airports owned by

Answer 14

majority owned by city and countyw

Question 15

what is airport authority

Answer 15

who owns the airport

Question 16

what are municipally owned and operated airports

Answer 16

city council or county board gives policy. airport is just one piece of it. mankatow

Question 17

what is multipurpose port authorities

Answer 17

public corporation. own a variety of public facilities. extensive independence, power to issue own debt and power to tax

Question 18

single purpose airport authorities

Answer 18

similar to multipurpose, state or local government often retain ownership, power to issue own debt.

Question 19

state operated airports

Answer 19

run by state department of transportation. state tax on aviation fuel, Alaska, Hawaii, Maryland.

Question 20

federal government owned

Answer 20

congressional appropriations

Question 21

liability insurance

Answer 21

an increasingly large percentage of airport expenses. aircraft operations, premise operations, sale of product.

Question 22

tenant insurance

Answer 22

they name the company as additional insured.

Question 23

is airport a proprietary function or a government function?

Answer 23

proprietary

Question 24

operating revenue: name 5 areas

Answer 24

airfield, terminal concessions, airline leased areas, other leased area (office space for TSA and such) other operating revenue

Question 25

what is non-operating revenue

Answer 25

money in bank and getting interest. on it (interest on cash reserves, grant in aid, all business have some type of non-operating revenue

Question 26

what is the NPIAS?

Answer 26

national plan of integrated airport systems

Question 27

why is it important to be a part of the NPIAS

Answer 27

an airport must be listed in the NPIAS in order to qualify for grant funds administered in the AIP

Question 28

how many emplacements to break even usually

Answer 28

500k-800k