Question 1

Who is not a main player in the aviation industry value chain?

Accepted Answer

Insurance companies

Answer

Airlines

Answer

Aircraft manufacturers

Answer

Airports

Question 2

The three main groups of stakeholders in the aviation industry are

Accepted Answer

Aircraft manufacturers, Airlines, Airports

Answer

Airports, Maintenance companies, ATC

Answer

Aircraft manufacturers, Government, Border police

Answer

Airlines, Passengers, Pilots

Question 3

Which of the following is not a special characteristic of air transportation

Accepted Answer

Strong growth coupled with high profit margins

Answer

Cyclicality of the industry development

Answer

Dependency on external input factors

Answer

High fixed cost structure

Question 4

Which of the following statements is true?

Accepted Answer

The development of air transportation is coupled to the overall economic state of the industry. The cyclical up- and downturns in are more volatile than the overall economic development.

Answer

The development of air transportation is coupled to the overall economic state of the industry. The cyclical up- and downturns in are less volatile than the overall economic development.

Answer

The development of air transportation is not coupled to the overall economic state of the industry. The cyclical up- and downturns in are less volatile than the overall economic development.

Answer

The development of air transportation is not coupled to the overall economic state of the industry. The cyclical up- and downturns in are more volatile than the overall economic development.

Question 5

Which of the following statements regarding the high fixed costs in aviation is not true?

Accepted Answer

Airlines are selling their seats below their variable costs as a marginal return to the fixed costs

Answer

Air transportation is an extremely capital-intensive industry

Answer

Air transportation is characterized by a high fixed cost structure and rather low variable costs

Answer

Very specific investments in long-term assets create high exit barriers

Question 6

What is a correct example of economies of technology?

Accepted Answer

Smaller planes are able to fly longer distances (e.g. Boeing 787, Airbus A350)

Answer

Bigger planes have lower costs of available seat/km (CASK) (e.g. Airbus A380)

Answer

Airlines dominating hubs show comparably higher market shares

Answer

Bigger airlines provide more origin and destina-tions with comparably fewer legs (e.g. Alliances like Star Alliance)

Question 7

What is a correct example of economies of scale?

Accepted Answer

Bigger planes have lower costs of available seat/km (CASK) (e.g. Airbus A380)

Answer

Smaller planes are able to fly longer distances (e.g. Boeing 787, Airbus A350)

Answer

Bigger airlines provide more origin and destinations with comparably fewer legs (e.g. Alliances like Star Alliance)

Answer

Airlines dominating hubs show comparably higher market shares

Question 8

What is a correct example of economies of scope?

Accepted Answer

Bigger airlines provide more origin and destinations with comparably fewer legs (e.g. Alliances like Star Alliance)

Answer

Smaller planes are able to fly longer distances (e.g. Boeing 787, Airbus A350)

Answer

Airlines dominating hubs show comparably higher market shares

Answer

Bigger planes have lower costs of available seat/km (CASK) (e.g. Airbus A380)

Question 9

What is a correct example of economies of den-sity of airports?

Accepted Answer

Airlines dominating hubs show comparably higher market shares

Answer

Bigger planes have lower costs of available seat/km (CASK) (e.g. Airbus A380)

Answer

Bigger airlines provide more origin and destinations with comparably fewer legs (e.g. Alliances like Star Alliance)

Answer

Smaller planes are able to fly longer distances (e.g. Boeing 787, Airbus A350)

Question 10

What are the environments of the aviation sys-tem?

Accepted Answer

Social System, Economic System, Politi-cal/Regulatory System, Ecological System, Technological System

Answer

Social System, Economic System, Politi-cal/Regulatory System, Meteorological Sys-tem, Technological System

Answer

Financial System, Human System, Operational System, Strategic System, Production System

Answer

Socialist System, Capitalist System, Free Market System, Monopoly System, Oligopoly Sys-tem

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