Chapter 4: Assessment Questions Flashcards
How is policy implemented? This Chapter 4: Ratios & Rates Review/Test will help your students to review modeling and writing ratios, find equivalent ratios, use ratio tables, find unit rates, compare unit rates, and use graphs to represent equivalent ratios. Local stakeholders Notes Identify local stakeholders? Revenue streams included air service leases, supporting operations, and commercial lease property. Growing market demand for commercial/industrial land? For example, in one case study examined, airport land was open for development but even though website information could be found, no staff appeared to have been assigned responsibility for being knowledgeable about what was available or providing information to potentially interested parties. Economics chapter 4 assessment answer key. Land designated for aeronautical use on the ALP would be affected by the grant obligations. Are those areas consistent with the locations that are currently being considered for development?
- Chapter 4 assessment answer key west
- Economics chapter 4 assessment answer key
- Chapter 4 exam answers
Chapter 4 Assessment Answer Key West
If the answers to these questions show that interest in development is motivated by an objective to provide additional revenue over time and not to respond to an immediate revenue shortfall, that presents a promising scenario for pursuing development. Is it bringing nothing to the airportâs bottom line, or is it needed as a buffer for noise or safety? Will its revenue support new facilities to achieve the next level of aviation growth? Answer Key Chapter 4 - U.S. History | OpenStax. Revenue and sustainability Yes No Notes Revenue supports operations? WHAT IS THE AIRPORTâS GENERAL FINANCIAL STATUS?
A group of ecosystems that have the same climate and dominant communities. ÂDo local government offices field complaints? Fund availability over 5 to 10 years? Chapter 4 assessment answer key west. That is, weather is the temperature and conditions that occur over a relatively short period of time, whereas climate is the temperature and conditions that occur over a relatively long period of time (years). For example, if business passengers are a major and growing component of the airportâs business, hotel and office development may be promising options. Economic shifts in the region over the past 5 to 10 yearsâwhether positive or negativeâhave likely had a direct impact on the airportâs revenue stream and general financial health.
Economics Chapter 4 Assessment Answer Key
60 Generating revenue from Commercial Development On or adjacent to airports Non-aeronautical land Yes No Notes Identified as such on ALP? Potential budget adjustments? The questions in this section of the toolkit will help guidebook users identify major drivers of airport business activity, including commercial passengers, general aviation operations, and sources of direct lease revenue from existing development. Being proactive rather than reactive attracts market interest and sets the stage for orderly development. That industry could be an anchor for developing facilities for similar business sectors or support services, as like industries often cluster together. 70 Generating revenue from Commercial Development On or adjacent to airports Airport income proportions Notes Revenue breakdown by source? An airport sponsor undertaking land improvements and building construction without a partner is assuming the greatest risk. Chapter 4 Review Answers | Math. For a privately owned airport, have loans or grants from economic development agencies or other public agencies been obtained? If an environmental review was completed and environmental data was collected for this process, that information may be useful in site evaluation and the development process. For a publicly owned airport, is government funding required to maintain operations? Airportâs management. In either case, the airport can be subject to budget appropriations and political changes.
A high risk project also has the potential for higher returns. These entities usually represent the combined effort of several municipalities who agree to run the airport through an independent authority. Conversely, examination of a dominant industry may also reveal vulnerabilities, such as an over-reliance on that business and the need to diversify. Chapter 4 exam answers. The type of ownership can affect the airportâs ability to make decisions regarding land disposition and make investments for site preparation and infrastructure.
What are loan availability and interest rates? Airport development viewed as competition? Are you sure you want to remove this ShowMe? 1 Introduction This Self-Assessment Toolkit provides the reader with information and then asks questions relating to: Airport ownership Management structure Business activity Planning The answers to the questions in this toolkit generate a self-assessment that will later be used to guide an evaluation of development options. Friction related to operations, expansion, or noise? Military base on or nearby? The local government may approach the airport as a potential source of job creation, or the airport may have been approached by a developer with a proposal for a non-aeronautical use. Aeronautical use on ALP? Alignment of goals between the airport and the governments, businesses, and residents of the surrounding communityâthe stakeholdersâwill be instrumental in the approval, funding, and implementation of a development project. Is development too risky, time consuming, or expensive for the airportâs economic position? Will improvements be necessary to maintain that line of business?
Chapter 4 Exam Answers
Both versions come with answer keys! Are ground leases currently a source of income? Each lesson has two sided worksheet that reviews the lesson and provides practice. SOUND BITE The regional economy is still depressed and the social circumstances (poverty, education level, local budgets for improvements) add another challenge to attracting businesses. Both existing and future?
Is existing documented? DO The results of this management structure inventory can be used to consider who at the airport will make policy decisions and who will implement development initiatives. WHO CREATES AND WHO APPROVES THE AIRPORT BUDGET? It will be important to define a future vision and goals for the airport and evelop a reasonable path to reach that goal. WHERE DOES APPROVAL AUTHORITY LIE FOR A DECISION TO ENGAGE IN DEVELOPMENT, SIGN A DEAL, OR ISSUE BONDS? This self-assessment exercise also may be used to develop goal statements that are expressed quantitatively, such as these examples: A statement defining the target revenue from a development project, and the associated timeframe of the return (short term, middle term, or long term). Additional investors may be needed for development projects. These designations are important, as commercial development should not be planned for areas that may be needed for future aviation use. If you enjoyed my product, please give it feedback to earn TPT credits. If the airportâs goals are consistent with those of the municipality or region, economic development agencies can help to market the project to potential lessees or purchasers. DOES A PROPERTY/DEVELOPMENT MANAGER POSITION EXIST? Even with extensive experience and informed decision making, development is risky because it is subject to external factors, such as: The local market The national and regional economy Competition from other projects Unforeseen site and construction conditions Lengthy approvals Meanwhile, much investment can be required for land development, engineering, marketing, and construction.
Major business sources/customers Yes No Notes Freight/cargo? These topics are examined further in the guidebook in Chapter 6, âImplementation Toolkit. CAPITAL MARKETS/BANK LOANS? There are 2 problems per 1 problem from the test. This can stop a development proposal in its tracks.
Plan mapping Check to select Notes Runway protection zones (RPZs)? Even if you don't use Go Math in your classroom, you will be reinforcing 4th grade curriculum and task cards are easy to use and take minimal prep. Non-aeronautical acreage? SHORT TERM OR LONG TERM? This is suitable if the airportâs risk tolerance is relatively low. New investors or partners may be necessary. A statement that the airport is looking to achieve a stable revenue source from currently unproductive assets. Community relationships are critical and can affect the development process from the beginning to the end. FAA Grant Assurance 29 requires maintenance of an updated ALP. Consider both the revenue generated from this arrangement and the types of business uses. Each element is determined by the amount of protons it has in the nucleus of the atoms. The Strategic Business Plan examines the sources of airport revenue, determines whether they are growing or declining, and defines their relationship to the surrounding economy. The determination of risk tolerance has a major effect on development strategy.
An ALP is an important planning tool as well as a mandatory grant obligation for federally obligated airports. 6B) presents all compliance requirements in detail. Consistent with current development plans? These funds are usually not available for commercial development projects. Because it is UNCORRECTED material, please consider the following text as a useful but insufficient proxy for the authoritative book pages. Ideally, any release of land for non-aeronautical use from FAA control should be done before marketing the property for lease or sale, as the time required can increase development costs and deter development interest.