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NBAA CAM Questions (NBAA Study Guide)
- Business Management. Exam Questions
With Correct Answers.
In a synthetic lease, who retains the title to the aircraft? - Answer✔The lessor
Fractional ownership requires companies to have on file: - Answer✔Dry lease purchase
agreement
What should be considered in order to determine a company's need for business aircraft? -
Answer✔Consideration, cost and comparative analysis for potential use of business aircraft
In order for a 14 CFR Part 91 operator to lease a U.S. registered large civil aircraft, the lessee
MUST notify, by telephone or in person, the: - Answer✔FAA FSDO nearest the airport where
the flight will originate.
When payments are made by political candidates for air transportation, what taxes are
applicable? - Answer✔Federal Air Transportation Excise Taxes
After six months of flying in the company's new aircraft, the CEO begins flying with key
corporate management team members and board members. How should the aviation department
manager assess the risk potential? - Answer✔Analyze the frequency of activity, the severity of
the loss, the variation of future loss and the impact of loss to the corporation.
What is an example of a Direct Operating Cost? - Answer✔Hour limited parts replacements,
The principal advantage of operating a corporate aircraft under an FAA Part 135 certificate is to
permit the aircraft operator to: - Answer✔Lease the aircraft to earn a return on the aircraft
investment.
When discussing aircraft resource options, which approach provides the maximum control over
safety options? - Answer✔Whole aircraft inhouse flight department
According to IRS regulations, which party is responsible for payment of employment tax when a
third-party firm provides the services? - Answer✔Third-party firm
1|Page
NBAA CAM Questions (NBAA Study Guide)
- Business Management. Exam Questions
With Correct Answers.
In a synthetic lease, who retains the title to the aircraft? - Answer✔The lessor
Fractional ownership requires companies to have on file: - Answer✔Dry lease purchase
agreement
What should be considered in order to determine a company's need for business aircraft? -
Answer✔Consideration, cost and comparative analysis for potential use of business aircraft
In order for a 14 CFR Part 91 operator to lease a U.S. registered large civil aircraft, the lessee
MUST notify, by telephone or in person, the: - Answer✔FAA FSDO nearest the airport where
the flight will originate.
When payments are made by political candidates for air transportation, what taxes are
applicable? - Answer✔Federal Air Transportation Excise Taxes
After six months of flying in the company's new aircraft, the CEO begins flying with key
corporate management team members and board members. How should the aviation department
manager assess the risk potential? - Answer✔Analyze the frequency of activity, the severity of
the loss, the variation of future loss and the impact of loss to the corporation.
What is an example of a Direct Operating Cost? - Answer✔Hour limited parts replacements,
The principal advantage of operating a corporate aircraft under an FAA Part 135 certificate is to
permit the aircraft operator to: - Answer✔Lease the aircraft to earn a return on the aircraft
investment.
When discussing aircraft resource options, which approach provides the maximum control over
safety options? - Answer✔Whole aircraft inhouse flight department
According to IRS regulations, which party is responsible for payment of employment tax when a
third-party firm provides the services? - Answer✔Third-party firm
1|Page
