Avmg 4200 - Study guides, Class notes & Summaries

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 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 Produc...

"Dedicateds" (freighter aircraft) typically require facilities with ______. - ️️- Close in ramps space parking - Heavy material handling (loading/unloading) equipment Different forecasting models will work better (or worse) on different types and sets of data. Therefore, it is important to measure the ______ and ______ of the forecasting model error against known, historical values. - ️️Accuracy and Bias This organization represents more than 4,000 business that use aircraft to c...

Under the modern Supply/Value Chain concept, the ______ pays for all the costs of the entire process. - ️️Retail Consumer The cost per passenger (or pound) for a flight is literally impossible to calculate in advance because ______. - ️️The costs are fixed but demand varies. Utility or Value in an economic system created by the "physical transformation of materials from raw to finished product" is called ______ value. - ️️Form The explosion in international trade at the end o...

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 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 me...

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 ______. - - The "Value Proposition" is met (change in total value is greater than change in total cost) - Government does not prohibit or impede movement through regulation or taxes. Utility or Value in an economic system created by the "physical transformation of materials from raw to finished product" is called ______ value...

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 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 a...

At the "front end" of the aviation industry supply/value chain, the focus is on - ️️creating the resources to provide a capability 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 Why is it so difficult to find a "truly domesti...

This association represents the entire general aviation community and actively promotes aviation safety. -:- AOPA This organization represents more than 4,000 business that use aircraft to conduct business. -:- NBAA This association represents distributors and manufacturers of aviation parts on issues of federal legislation and other government activities. -:- ADMA Compared to other transportation modes, the air transportation sector has much higher ______. -:- Debt Loads 2 ...

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 ______. -:- - The "Value Proposition" is met (change in total value is greater than change in total cost) - Government does not prohibit or impede movement through regulation or taxes. Utility or Value in an economic system created by the "physical transformation of materials from raw to finished product" is called _...