MOCK EXAM: Air Laws Engineering Economics Welcome, You are about to take up the MOCK EXAM: Air Laws Engineering Economics. Please take note of the following before you take the assessment. This assessment is timed for 120 Mins and auto submit. Scores and correct answer will be displayed after taking up the assessment. You can only take the assessment twice so make sure you have a strong internet connection. All questions are required to have an answer. This assessment is composed of 30 items multiple choice type of question. Always remember: THINK, CHECK AND SUBMIT. If you have any concern, please feel free to contact us. E-mail Address: assessment@flightwingsaviation.com Facebook Page: www.facebook.com/flightwingsaviation GOODLUCK! Email Adress LMS USERNAME FULL NAME CLASS SECTION/SCHEDULE (FRI-AM, FRI-PM, SAT-AM, SAT-PM, SUN-AM, SUN-PM, ONLINE) 1. Precision instruments runways provides A. Horizontal guidance aloneB. Vertical guidance aloneC. Global positioningD. None of the above A B C D 2. It is an industry composed of a few firms producing either similar or differentiated products a. Monopolyb. Sole proprietorshipc. Partnershipd. Oligopoly A B C D 3. Minimum requirement of an airport A. Runway with refueling equipmentB. Taxiway with refueling equipmentC. Both a and b without refueling equipmentD. Not a nor b nor c with just refueling equipment A B C D 4. The maximum take-off weight of commuter category under FAR 23 is? a. 12,500 lbsb. 22,000 lbsc. 19,000 lbsd. 17,500 lbs A B C D 5. Details the airworthiness standards for airplanes with a maximum take-off weight of 12,500 lbs. or more, such as the Boeing 737 or Airbus A320. a. FAR part 23b. FAR part 25c. FAR part 27d. FAR part 29 A B C D 6. An Engineer bought an equipment for 500,000 pesos, other expenses including installation amounted to 30,000 Pesos. At the end of its estimated useful life of 10 years, the salvage value will be 10% of the first cost. Using straight line method of depreciation. What is the book value after 5 years? a. 281,500b. 291,500c. 301,500d. 271,500 A B C D 7. In the interest of the national economy and well-being, he shall always strive in the execution of his work for optimum efficiency, economy and safety. This code of ethics is under? a. Relation with the publicb. Relation with the engineersc. Relation with the clients and employeed. Relation with the state A B C D 8. If 200 dollars is deposited in a savings account at the beginning of each of 15 years and the account draws interest at 8% per compounded annually, the value of the account at the end of 15 years will be nearly a. 6,000b. 5,400c. 5,900 d. 6,900 A B C D 9. If $46,000 is borrowed at 10% for 25 years, what equal end-of-year payments would be required to repay the loan by the end of the 25th year? a. $5079.15b. $5169.22c. $5069.20d. $5009.68 A B C D 10. The republic act that made CIVIL AVIATION AUTHORITY OF THE PHILIPPINES a. RA776b. RA9497c. RA9794d. None of the above A B C D 11. A man wishes for his son to receive 500,000 pesos ten years from now. What amount should he invest now if it will earn interest of 12% compounded annually during the first 5 years and 15% compounded quarterly during the next 5 years? a. 135,868.19b. 134,678.90c. 123,433.23d. 145,345.35 A B C D 12. Is a group of men with respective duties and responsibilities working together as a team to attain its objective? a. Businessb. Associationc. Managementd. Organization A B C D 13. Area within the runway which can be used to taxi but not for landing a. Clearance areab. Blastzonec. Thresholdd. Taxi way area A B C D 14. If two way radio or computer communications and lighting systems are not available, how would a pilot confirm the tower command? a. Does not and just land on his own accordb. Call someone from the tower using mobile phonec. Use hand signalsd. Rock your wings A B C D 15. What interest rate, compounded annually, is needed for a principal of $4,000 to increase to $4,500 in 10 year? a. 12%b. 15%c. 11%d. 10% A B C D 16. The right to fly over another country without landing a. 1st freedomb. 3rd freedomc. 5th freedomd. 8th freedom A B C D 17. A company purchased an asset for 10,000 pesos and plans to keep it for 20 years. If the salvage value is zero at the end of the 20th year, what is the depreciation in the third year? Use sum of the digits depreciation. a. 1000b. 937c. 857d. 747 A B C D 18. What is the present worth of a 100 pesos annuity starting at the end of the 3rd year and continuing to the end of fourth year, if the annual interest rate is 8% a. 153.44b. 152.89c. 154.99d. 156.33 A B C D 19. The first convention for the reservation of sovereignty of airspace by contracting nations was held at? a. Warsawb. Parisc. Romed. Guadalajara A B C D 20. If 500K is deposited at a rate of 11.25% compounded monthly, determine the compounded interest after 7 years and 9 months. a. 660,592b. 670,258c. 680,686d. 690,849 A B C D 21. A service car whose cash price was 540,000 pesos was brought with a down payment of 162,000 pesos and a monthly of 10,874.29 for 5 years. What was the rate of interest of compounded monthly? a. 20%b. 26%c. 24%d. 22% A B C D 22. How long will it take for an investment to fivefold its amount if money is worth 14% compounded semiannually? a. 11b. 12c. 13d. 14 A B C D 23. The amount of 2,825 pesos in 8 years at 5% compounded continuously is? a. 4,166.77b. 4,188.56c. 4,397.86d. 4,214.40 A B C D 24. A list which provides for the operation of aircraft, subject to specified conditions, with particular equipment inoperative, prepared by an operator in conformity with the aircraft type. a. APORb. STOCKc. MELd. ANA A B C D 25. Is the decrease in the value of an asset, due to usage of passage of time? a. Deflationb. Depreciationc. Inflationd. None of the above A B C D 26. The State having jurisdiction over the organization responsible for the final assembly of the aircraft. a. State of Designb. State of Manufacturec. State of Registryd. State of the Operator A B C D 27. Within how many days after the last day of board examinations shall the board submit a report on the ratings obtained by each candidate? a. 60b. 70c. 80d. 90 A B C D 28. The supply of a good refers to a. Stock available for saleb. Total stock in the warehousec. Actual production of goodsd. Quantity of the good offered for sale at a particular price per unit of time A B C D 29. The Chairman of CAB? a. Commanding general of Phil air forceb. Assistant Secretary for Air Transportation of the Department of Transportation and Communicationsc. Secretary of Transportation and Communications or Representatived. Director General of CAAP A B C D 30. What is the first consideration in runway design? a. Most common aircraft to be accommodatedb. First aircraft to be accommodatedc. Largest aircraft to be accommodatedd. Smallest aircraft to be accommodated A B C D 1 out of 3