To Get and AOC, an Air Operator Needs to Demonstrate

question 3

Multiple Choice

To get and AOC, an air operator needs to demonstrate to the issuing authority of the State of operations:

• A) Training
• B) Flight operations
• C) Ground handling
• D) maintenance are adequate for safe operations
• E) All of the above

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Definitions:

Outstanding Shares

The total number of shares of stock that are owned by stockholders on any particular date.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing ownership interest.

Treasury Stock

Shares that were originally issued and fully paid for but have since been bought back by the issuing company, reducing the amount of outstanding stock.

Purchases

The acquisition of goods or services in exchange for monetary payment in the course of business operations.