Reference no: EM132623022
1. Identify the appropriate purpose of use for an aircraft insurance policy to cover each of the following operations:
A private aircraft used for personal recreation and personal business travel
An aircraft used exclusively for flight training
A corporate business jet
Aircraft used by an air cargo company, such as FedEx or UPS
Aircraft used by a full-service FBO offering flight training, aircraft rental, and charter
Aircraft engaged in weather research flights in extreme weather conditions such as fully-developed thunderstorms and high-altitude wind shear
2. For each of the following events, indicate whether the event would cause you to consider its effect on your current aircraft insurance policy and explain why:
You have spent several thousand dollars to upgrade the aircraft' s avionics.
You are going to allow another pilot to fly your aircraft.
You've been using the aircraft only for your own recreational, proficiency, and business travel, but have earned your flight instructor certificate and now want to also use the aircraft to start a flight instruction business.
You've been flying your aircraft only within the contiguous ("lower 48") U.S. but are now planning flying it on a trip to Alaska.
You've paid off the loan you took out to purchase the aircraft.
3. Explain in detail: What is subrogation? As a renter pilot, how can you protect yourself against subrogation? How could the aircraft owner protect you, the renter pilot, against subrogation?
4. A middle school is interested in hosting a student indoor drone racing competition in its gymnasium as a feature of its focus on building excitement about science, technology, and math (STEM) learning. It appears that the school's liability insurance would not cover the event. Analyze whether an exculpatory contract signed by all of the students competing in or observing the event could protect the school from liability in the event of injury.
|
Describe the key features of a desktop accounting system
: Question - Identify and describe the key features of a desktop computerised accounting system. The answer includes a description of the key features
|
|
What are the different types of audit procedures
: What are the different types of audit procedures that you as an auditor is planning to perform/adopt during audit process
|
|
Develop a brief balanced scorecard for a prospective company
: Develop a brief Balanced Scorecard for a prospective company, as well as how the metric helps to measure the corresponding objective
|
|
Determine the impact on profits next year
: TESCO, a large retail chain has offered to purchase 5,000 units of the stove, Determine the impact on profits next year if this special order is accepted
|
|
Insurance and exculpatory contracts
: What is subrogation? As a renter pilot, how can you protect yourself against subrogation? How could the aircraft owner protect you, the renter pilot,
|
|
Calculate the revised closing balance of bank column of cash
: Calculate the revised closing balance of bank column of the cash book after making required adjustments in the cash book
|
|
Prevention and mitigation analysis
: Describe and provide an example of the terms information, cyber, and computer security. Explain the differences between the terms.
|
|
Consumer protection is important issue
: Consumer protection is an important issue, but how much responsibility should the government have in protecting the consumer?
|
|
What transfer price would you recommend
: What transfer price would you recommend if there was no outside market for the partially processed component and Crater Division had spare capacity
|