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ACCA F3 flashcards – set 4

VIVA

Learn or revise key terms and concepts for your ACCA exams using OpenTuition F3 ACCA Flashcards

ACCA flashcards are interactive and only work on line, flashcards are NOT downloadable/printable

See also ACCA F3 Flashcards: Set 1 | Set 2 | Set 3 | Set 4


Question
Is the company privately owned or listed?
Click to reveal answer
Answer

Listed.

or click card to flip back
Question
Which aspect of their values is worsening punctuality likely to impact?
Click to reveal answer
Answer

Building customer trust: customer satisfaction.

or click card to flip back
Question
There are bar charts showing revenue,
Click to reveal answer
Answer

Punctuality has declined (the % of aircraft arriving within, say, 15 minutes of scheduled arrival time.

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Question
What are the four key risks identified by Corjetz?
Click to reveal answer
Answer

Safety and security of passengers and staff
Impact of climate change and climate change activism
Macro-economic and geopolitical events
IT: website and critical operating systems.

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Question
There are four board sub-committees. What are these?
Click to reveal answer
Answer

Audit, Nomination, Remuneration and Safety

or click card to flip back
Question
Does the board seem well balanced in terms of executive and non-executive directors?
Click to reveal answer
Answer

Yes

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Question
What are Corjetz’s four main assets?
Click to reveal answer
Answer

Routes
Modern, efficient fleet
Technology (eg a mobile app and data monitoring)
People

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Question
Is Corjetz showing growth in routes and passengers?
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Answer

Yes

or click card to flip back
Question
How many low cost airlines operate in Hundria?
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Answer

30

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Question
What is the name of Corjetz’s bigger competitor in Hundria?
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Answer

Brygair (17% compared to 14% of the market).

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Question
How is RPK defined?
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Answer

Revenue passenger kilometres is the number of passengers multiplied by km travelled.

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Question
How is load factor defined?
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Answer

Percentage of checked-in passengers in relation to available seats. A measure of utilisation.

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Question
How is RASK defined?
Click to reveal answer
Answer

Revenue per available seat km = Total revenue divided by total ASK. A measure of potential revenue generation

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Question
How is ASK defined?
Click to reveal answer
Answer

Available seat kilometres = seats available x distance flown. A measure of capacity

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Question
Despite the challenges, by how much did international air traffic increase in 20X2?
Click to reveal answer
Answer

5%

or click card to flip back
Question
What are 10 industry challenges?
Click to reveal answer
Answer

Any of:
Cyclical demand dependent on economies
High competition
Terror attacks
Cyber attacks
Worries about climate change
Fuel cost
Exchange rate movements (fuel)
Search for alternative ‘green’ fuels
Competition from other (greener) means of travel
Air traffic control congestion
Landing slot availability

or click card to flip back
Question
Average ticket price?
Click to reveal answer
Answer

$132

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Question
Passenger revenues per year?
Click to reveal answer
Answer

$79.2b

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Question
Average passengers per flight?
Click to reveal answer
Answer

109.6

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Question
How many flights does Corjetz operate per DAY?
Click to reveal answer
Answer

15,000

or click card to flip back
Question
How many passengers does Corjetz transport each year?
Click to reveal answer
Answer

600m

or click card to flip back
Question
Is Corjetz the largest low-cost airline in Hundria? If not, how does it rank?
Click to reveal answer
Answer

Second largest.

or click card to flip back
Question
Is Corjetz an international or regional airline?
Click to reveal answer
Answer

Regional.

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Question
Does Corjetz operate point-to-point or a hub and spoke route system?
Click to reveal answer
Answer

Point-to-point.

or click card to flip back
Question
What is Near City Airport?
Click to reveal answer
Answer

It is the location of Corjetz’s head office in Corland.

or click card to flip back
Question
Roughly how many countries are served by Corjetz?
Click to reveal answer
Answer

30

or click card to flip back
Question
Roughly how many destinations are served by Corjetz?
Click to reveal answer
Answer

1,000

or click card to flip back
Question
What is Corland?
Click to reveal answer
Answer

Corjetz’s home country.

or click card to flip back
Question
What is Hundria?
Click to reveal answer
Answer

It is the geographic continent in which Corjetz operates.

or click card to flip back
Question
2 What sort of airline is it? Eg low cost, full service or charter
Click to reveal answer
Answer

Low cost.

or click card to flip back
Question
1 What is the name of the central company featuring in the case study?
Click to reveal answer
Answer

Corjetz.

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      January 13, 2018 at 10:10 am

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    • AvatarJohn Moffat says

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