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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

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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?
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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

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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?
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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%

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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

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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

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Question
How many passengers does Corjetz transport each year?
Click to reveal answer
Answer

600m

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Question
Is Corjetz the largest low-cost airline in Hundria? If not, how does it rank?
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Answer

Second largest.

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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?
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Answer

Point-to-point.

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Question
What is Near City Airport?
Click to reveal answer
Answer

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

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Question
Roughly how many countries are served by Corjetz?
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Answer

30

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Question
Roughly how many destinations are served by Corjetz?
Click to reveal answer
Answer

1,000

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Question
What is Corland?
Click to reveal answer
Answer

Corjetz’s home country.

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Question
What is Hundria?
Click to reveal answer
Answer

It is the geographic continent in which Corjetz operates.

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Question
2 What sort of airline is it? Eg low cost, full service or charter
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Answer

Low cost.

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Question
1 What is the name of the central company featuring in the case study?
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Answer

Corjetz.

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Reader Interactions

Comments

  1. Avatararjunreddy0404 says

    August 28, 2018 at 5:34 pm

    Sir,
    Flash cards are moving fast and automatically .It has become very difficult to read and understand

    How ever your lectures are great.Thanks for your help for self studying students like me.

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    • AvatarJohn Moffat says

      August 28, 2018 at 7:25 pm

      I think it depends on where your mouse is, but please ask in the support forum – the link is higher up this page – and admin will help you.

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  2. Avatartalentedmisfit says

    August 1, 2018 at 2:48 am

    The flash cards keep running towards left with 2 seconds interval for each slide. I’m unable to read. I can’t even hold the cards still.

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    • AvatarJohn Moffat says

      August 1, 2018 at 8:16 am

      They work OK – if you are still having problems then ask on the support page (the link is above) and admin will help you.

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  3. Avatarmutokoruvimbo says

    July 5, 2018 at 12:52 pm

    so helpful

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    • AvatarJohn Moffat says

      July 5, 2018 at 9:07 pm

      I am pleased you find them useful 🙂

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