AAAE Certified Member Final Competency Certification Study Guide Exam Questions with Certified for Accuracy Answers 2023/2024
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AAAE Certified Member Final Competency Certification Study Guide Exam Questions with Certified for Accuracy Answers 2023/2024
Which of the following is not an example of airport operating revenue
- Passenger Facility Charges
- Fuel flowage fees
- Rental cars
- Concessions - correct answer Pa...
AAAE Certified Member Final Competency
Certification Study Guide Exam Questions
with Certified for Accuracy Answers
2023/2024
Which of the following is not an example of airport operating
revenue
- Passenger Facility Charges
- Fuel flowage fees
- Rental cars
- Concessions - correct answer Passenger Facility Charges
Utilizing airport revenue for purposes other than airport capital
or operating costs is a violation of Grant Assurance 25 and is
known as
- Non-aeronautical subsidies
- Posserory tax violation
- Revenue diversion
- Payments in Lieu of Taxes - correct answer Revenue diversion
The Airport and Airway Improvement Act of 1982 requires
airports to be as self-sustaining as possible. Self-sustaining
means
- The airport has built up large revenue surpluses
- The airport does not accept federal or state grant monies for
capital projects
- The airport fees are fair and reasonable
- The airport relies only on its revenue streams for operational
expenses - correct answer The airport relies only on its revenue
streams for operational expenses
The FAA's Rates and Charges Policy provides comprehensive
guidance on the legal requirement that airport fees be (select all
that apply)
- Not unjustly discriminatory
Fair market fees for use of the airport are required for non-
aeronautical use of the airport and are
- Required for non-airfield aeronautical use
- Optional for non-airfield aeronautical use - correct answer
Optional for non-airfield aeronautical use
The Airport Sponsor would not need to recieve Fair Market Value
(FMV) if it leased property to which of the following
- Corporation
- Limited Liability Company
- Angel Flights
- Sole Propietorship - correct answer Angel Flights
The residual method of rates and charges setting can best be
described as
- The airport applies excess non-aeronautical revenue to the
airfield costs to reduce air carrier fees.
- A hybrid between a compensatory and rate-based method
- The airport is required to make sure the expenses do not
exceed the revenue received
- The airport assumes all liability for airport costs and retains all
airport revenue and the user is charged only for the cost of the
aeronautical facility - correct answer The airport applies excess
non-aeronautical revenue to the airfield costs to reduce air
carrier fees.
(T/F) The FAA will not allow airport improvement program grant
funding to be used for Value Engineered projects - correct
answer False
,There are many IT systems at airports. All the systems below are
examples of common IT systems at airports except
- Airfield lighting
- Flight information Displays
- Majority-of-interest (MII)
- Property and Asset Management Systems - correct answer
Majority-of-interest (MII)
Most will agree that a __________ year lease, is a life-time lease
- 75
- 99
- 65
- 35 - correct answer 99
A current trend in airport concessions at medium to large-hub
airports are the
- Duty-free shops
- Local Mom & Pop Shops
- Self-serve coffee shops
- Shopping center and/or brand-name concessions - correct
answer Shopping center and/or brand-name concessions
All of the following are common types of lease agreements
except
- Modified gross
- Straight
- Revaluation
- Graduated
- Percentage - correct answer Modified gross
There are 3 basic approaches to leasing concession space. Under
the standard approach, the airport management directly leases
and manages the space. With this method
- Does not benefit from larger share of revenues if successful
- Assumes no risk
, - The airport assumes the risk and will benefit from a larger
portion of the revenue if the concession is successful
- Shares the risk equally with a development company - correct
answer The airport assumes the risk and will benefit from a
larger portion of the revenue if the concession is successful
Airports are capital intensive facilities. Select all the most
common ways airport sponsors can generate monies for capital
projects
- PFC's
- Customer Facility Charges
- Bonds
- Bank operating loan - correct answer PFC's, Customer Facility
Charges, Bonds
Passenger Facility Charges are
- Unlimited ticket taxes set by each airport
- Levied on commercial airline tickets
- Collected by the airport FBO
- Collected by charter operators and remitted to the airport
sponsors - correct answer Levied on commercial airline tickets
A common activity on airport is "self-fueling". This process means
the aircraft owner
- Uses a fuel from renewable energy source
- Operates an FBO
- Does not have to pay the airport sponsor a fuel flowage fee
_ Obtains and uses fuel from the source of his/her preference -
correct answer Obtains and uses fuel from the source of his/her
preference
(T/F) FAA Airport Improvement Program Funding and Passenger
Facility Charges were designed under the concept that the users
of the aviation systems, as opposed to all citizens, would pay for
the aviation transport systems. - correct answer True
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