If a Scheduled Plane Can't Fly Due to Maintenance Issues

question 16

Multiple Choice

If a scheduled plane can't fly due to maintenance issues, an airline's first response is likely to

• A) Bring in its waiting back-up plane
• B) Try to find another airline to fly the passengers
• C) Try to find an LRU to fix the problem
• D) Reschedule the flight for the next day and hope the plane works tomorrow
• E) Cancel the flight and tell the passengers to find their own way out of town

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Definitions:

April Futures Price

The agreed-upon price for a futures contract that is set to settle in April, representing the price of an asset at that future date.

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Silver Future

A contract to buy or sell a specific amount of silver at a predetermined price at a specified time in the future, used as a financial instrument for speculation or hedging.

Spot Price

The current market price at which a particular asset, such as a commodity or currency, can be bought or sold for immediate delivery.