Business Studies

Advantages and Disadvantages of Air Transport

len Alfred Ajibola - Tue, 24th December, 2019 @ 9:02 PM

Topics in Business Studies

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Academic Questions in Business Studies

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An accounting system focused primarily on a balanced debit and credit side is termed _____.

  • A. Ledger system

  • B. Journal system

  • C. Double entry system

  • D. Balance sheet system

  • E. Principle of accounting system

  • F. Balanced accounting system

With regards to money, which of the following statement is incorrect?

  • A. Money is crucial for the survival of every human being

  • B. Money is completely advantageous

  • C. Money is defined as anything that is generally accepted as a medium of exchange

  • D. Monopoly is said to exist when money and wealth exists in the hands of a few

  • E. Excess money in an economy can lead to inflation

  • F. When a person receives money that isn't commensurate with the job he or she had done, then that's underemployment

Which of the following statement is wrong with regards to business?

  • A. Business involves the exchange of something for another thing or money

  • B. Business is an economic activity

  • C. In business, profit goes beyond money

  • D. Businesses do not have social responsibilities to their customers

  • E. The exchange of services is an aspect of business

  • F. Businesses can be affected by government policies

Consumer _____ are the laws and methods put in place by various agencies so that consumers can enjoy maximum satisfaction on the goods they buy and services rendered to them.

  • A. Protection
  • B. Policy
  • C. Rights
  • D. Defence
  • E. Guide
  • F. Safety

Which of the following is not a characteristics of business?

  • A. The buyer and seller must always come into a contract agreement

  • B. Risk from unforseen circumstances is involved

  • C. They are subject to policies made by the government

  • D. All business transaction is aimed at making profit

  • E. It requires a discontinuous transaction between the buyer and the seller

  • F. Investments are required to begin a business

Which of the following is not a Right of Consumer Protection?

  • A. Right to Education
  • B. Right to Choose
  • C. Right to Safety
  • D. Right to the Good things of Life
  • E. Right to be Assured
  • F. Right to Compel

Which of the following is NOT a government agency of consumer protection?

  • A. Ministry of Sports
  • B. Ministry of Commerce
  • C. Consumer Protection Council
  • D. Ministry of Health
  • E. Ministry of Environment
  • F. National Drug Law Enforcement Agent

Define Consumer Protection.

Advantage of Air Transport:

  1. It is a very fast means of transportation. It is often considered as the fastest means of transportation.
    Please read on transportation, its means and modes here.

  2. In many occasions, it is the only means of reaching certain parts of the world.

  3. Flight schedules are strictly adhered to even when the aircrafts are not filled to capacity.

  4. It is a great means of speedily transporting perishable and light goods within and outside a country.
    Please read on the functions and characteristics of commerce here.

  5. Since the air is a free space, no capital in needed in the construction of its track.

  6. No physical barrier is present in air transportation.

  7. Air transport is very important in the security of a country. Certain aricrafts are utilized by various countries to defend their territories against terrorists.
    Please read on the disadvantages of foreign trade here.

  8. Air transport offers better comfort to passengers during their journey.

  9. Airplanes are useful in agriculture since they can be used in the aerial spray of pesticides and insecticides on a large farmland.
    Please read on the pests of agricultural importance here.

  10. Air transportation facilitates communication by rapidly moving parcels across the country.
    Please read on foreign trade here.

  11. No form of traffic congestion is encountered in air transportation.
    Please read on the advantages and disadvantages of road transport here.

  12. Air transportation is the only means through which scientist can fly into space and other planets.
    Please read on the solar system and classification of planets here.

Disadvantages of Air Transport

  1. The delivery of goods must first be at the air terminals before it can be conveyed through road transport to where it is needed.
    Please read on the advantages and disadvantages of water transport here.

  2. Bad weather may disrupt flights, causing delays and may even lead to flight cancellations.

  3. The average citizen finds it difficult to own an aircraft because it is very expensive.
    Please read on the disadvantages of money here.

  4. The building of standard airports can be capital intensive since it’s a capital project.

  5. Aircrafts need permission to takeoff and permission to land. This may cause slight journey delays.

  6. The people who work at airports suffer from noise pollution.
    Please read on the functions of government here.

  7. Most airports are sited away from the city centers. As a result, the long trips from airport to city centers can be a waste of time and resources, especially for local flights.

  8. Aircrafts have a limitation to the load they can carry because of its design and specifications.
    Please read on the advantages and disadvantages of rail transport here.

  9. Air transportation is the most expensive means of transportation, even for the economy class. Meanwhile, only the few rich can comfortably afford business class and first class flights.
    Please read on the responsibilities, duties and obligations of citizens here.

  10. Air transportation is a risky mode of transportation since a small technical issue may result to substantial loss of lives.

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Amazing facts in Business Studies

The world's 100 richest people earned enough money in 2012 to end global poverty four times over

NOTABLE POINTS IN Business Studies

Consumer protection refers to the ways or methods through which consumers enjoy maximum satisfaction from the goods they buy and services rendered to them.

The agencies of consumer protection assists in protecting the consumer rights. These agencies may also be referred to as the organs of consumer protection. Basically, we have three of them, they are:

  1. Government Agencies

  2. Independent Agencies

  3. Legislation

Please read on consumer protection here

One of the responsibilities of the government of every nation is to set up agencies or organizations that will protect the interest of the consumers and invariably, the people.

Below are some of the government agencies of consumer protection:

  • National Drug Law Enforcement Agency (NDLEA)
  • National Agency for Food, Drug Administration and Control (NAFDAC)
  • Consumer Protection Council (CPC)
  • Rent Tribunal
  • Ministry of Health
  • Ministry of Commerce
  • Ministry of Transportation
  • Ministry of Environment
  • National Wages and Salaries Commission

Please read on the government agencies of consumer protection here