Which Cost Element of the U

question 24

Multiple Choice

Which cost element of the U.S.scheduled airlines accounts for the largest portion of operating costs?

• A) flying operations
• B) Maintenance
• C) Administration
• D) fuel

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Definitions:

Interest

The charge for borrowing money, typically a percentage of the amount lent.

Guarantor

A party that agrees to be responsible for the debt or obligation of another if the original obligor fails to meet their obligations.

Statute of Frauds

A legal principle that requires certain types of contracts to be executed in writing and signed by the party to be charged.

Deed of Trust

A legal document in some states that involves a borrower, lender, and a trustee, securing a real estate transaction as collateral for a loan.