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Test your basic knowledge |
Travel Business 101
Start Test
Study First
Subjects
:
hospitality
,
industries
,
business-skills
Instructions:
Answer 50 questions in 15 minutes.
If you are not ready to take this test, you can
study here
.
Match each statement with the correct term.
Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.
This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Deposit - final payment - accomm and transport. details - total price - cancellation terms and charges - availability of and cost of insurance - refund policy
Override
What is NOT covered by FUND?
Accounts receivable
Guidlines for Brochures
2. Failrure to pay debt or meet obligation
3 Steps to Handling Angry Customers
E-Mail/Computer Etiq.
Default
Accountant
3. Informs clients in a meaningful way of the purposes for collection/disclosure of info - obtain their consent before or at time of collection as well as when there is a new use
What is covered by FUND?
When are documents provided for services
PIPEDA: Obtain Consent
Accountant
4. Joing signer of loan agreement
PIPEDA: Be Accurate
Co-Signer
How many time should phone ring before asnwering
Bad debt
5. Org. or individual that sells travel services but isn't reg'd in ontario
Trust Accounting
Debit
Asset
Non-Registrant
6. Inform clients of use of information when its being used - allow clients to access their own information - correct information for accuracy - provide copies of the info if the client requesrs it unless theres a reason by the act to not provide access
Balance sheet
Vouchers
PIPEDA: Give Individuals Access
Accounts receivable
7. 1 Let them vent - 2 Get the facts - 3 Apologize and fix it
Depreciation
WRA - Wholesaler Remittance - DBA - Deposit Balance Advice
3 Steps to Handling Angry Customers
Photos on Ads - Rules
8. Additional commision % paid when agent meets certain revenue
PIPEDA: Be Accountable
Accounts receivable
Financing
Override
9. Internal agency form - only agent sees - used to initiate payment to a NON-BSP Supplier - only issued when client pays CASH - CHEQUE - DEBIT - you are paying supplier directly (Credit cards go directly from client to supplier) - (Otherwise - WRA or D
Budget
All Written Representations must include
Cheque Requisition
What changes that might affect purchase must be told to client
10. $5000 Per person max - (Single event Total 5 Million) - additional 2 Million set aside for travellers who are stranded
PIPEDA: Provide Recourse
Max amount a person can claim for?
PIPEDA: Limit Use - Disclosure and Retention
Wholesaler
11. Ontairo - Quebec - BC
Provinces with Travel Protection
Co-Signer
Restaurant Etiquette
Items in Message Kit
12. As host - arrive at restaurant at least 10 minutes early - As host - always offer the client the preferred seat - Select silverware from the outside in - Wait until all guests are served before you start eating - If you must leave table - place napki
Debt
Restaurant Etiquette
credit
PIPEDA: Be Open
13. Bankrupcy of registrant - failure of an airline or cruise end supplier
credit
Posting of security
Guidelines for Advertising travel services
What is covered by FUND?
14. Ready and waiting to be paid
10 Principles of Pipeda
Information to be disclosed to client PRIOR to sale to client
Payable
Compensation Fund
15. That Which is OWED (liabilities)
PIPEDA: Limit Use - Disclosure and Retention
Accountant
Debt
Provinces with Travel Protection
16. Protect consumers who purchase services form Ontario reg'd retailers - no matter where they live -
Debit
Purpose of Travel Compensation Fund
Holiday Season Etiquette
Income Statement
17. Costs that don't vary
Depreciation
fixed expenses
All Written Representations must include
Balance sheet
18. Obtaining money resources - seek this to begin or expand business
Account
Financing
How to develop trust and rapport with customer
When must an invoice be provided
19. Protect personal info against loss or theft - how you will Prevent thefts - etc - Safeguard info from unauthorized access - how you will keep it safe.
Tangible
Default
Trust Accounting
PIPEDA: Use Appropriate Safeguards
20. Bookkeeping transaction that makes asset acc't smaller and liability acc't larger
Photos on Ads - Rules
Income Statement
Wholesaler
credit
21. Minimize possibilty of incorrect info when making a decision about the client or when disclosing info
Cheque Requisition
PIPEDA: Be Accurate
Travel Agent
Restaurant Etiquette
22. 2-3 rings
List all industry FORMS
Purpose of Travel Compensation Fund
Profit & Loss Statement
How many time should phone ring before asnwering
23. Whats left after deductions
fixed expenses
Capital
Net
E-Mail/Computer Etiq.
24. Once paid in full to agent - then the wholelsaler can send to agent - if paid for at least 21 days in advance - the wholesaler must forward at least 14 days prior to departure - Agent must verify all these docs first
Receipt
Truth in Advertising
Net
When are documents provided for services
25. Pens - calculator - msg pad - extension directory - calendar - order forms/booking
Major Regulatory Bodies in Canada (Conferences)
Bad debt
Supervision/Educational Req
Items in Message Kit
26. Association fo Cndn Travel Agencies - non profit - represents retail travel sector
Difference between travel agency and traditional retail store
Five telephone offences
Cubicle Etiquette
ACTA
27. Total before deductions
Vouchers
Information to be disclosed to client PRIOR to sale to client
PIPEDA: Be Open
Gross
28. Tangibility!! - compensation at retail store is based on MASS amounts of product being bought and marking UP - compensation at agency is commisison - overrides - etc.
Equity Capital
Booking form
Tangible
Difference between travel agency and traditional retail store
29. Business name - address - registration number
PIPEDA: Provide Recourse
All Written Representations must include
Financing
Co-Signer
30. Pre paid and guaranteed (2 types) - form used to authenticate details of clients reservation - prepaid - already paid thru agent - confirmation - a booking that will be paid LOCALLY - Airport Exchange voucher - given to tour guide from clients as pro
Before hanging up...
List all industry FORMS
Vouchers
All Written Representations must include
31. Use info only as needed for purpose Which it was collected - unless authorized to by the Act - keep personal info only as long as necessary for the PURPOSe it was collected for - destroy information no longer required for its purpose or legal require
PIPEDA: Limit Use - Disclosure and Retention
Differences between Mega Agency - Consortia - and Franchise
Override
registration system
32. Registration system - posting of security - compensation fund - trust account - truth in advertising - supervision/educational req (Also full disclosure of info before and after purchase - compensation fund assistance to those stranded abroad - and i
Accounts receivable
Items in Message Kit
Representations
6 mechanisms to protect clients
33. Recognize an invisible door exists - Don't interrupt someone on the phone with 'sign language' - Be aware of how your voice projects - Don't use your speaker phone - Don't discuss confidential matters (or gossip!) - Minimize personal phone calls - Re
ACTA
Representations
Registrant
Cubicle Etiquette
34. Always include a subject heading - Provide sufficient detail (ie. contact info) - Address the receiver by name in the opening sentence - Address the receiver by name in the opening sentence - Keep your message concise - Check your email at least once
Accountant
Wholesaler
Guidelines for Advertising travel services
E-Mail/Computer Etiq.
35. Plan expressed in terms of money
Budget
Accountant
Outside sales rep
Representations
36. Bookkeeping transac. that make liability acc't smaller and asset acc't larger
Debit
Budget
fixed expenses
Depreciation
37. Agency counsellor id - tico reg number - address - name - alternation phone - postal code - fax/email - customer id - complete address - phone - postal - name - travel service details - where - what hotel - what airline - what price includes - See **
Cheque Requisition
Elements of greeting
Inclusions on Travel Agency Invoice/Recipet
Truth in Advertising
38. Insurance - term/conditions - cancellation - change policies - entry may be denied - entry req - political unrest - conditions that may affect decision - total price - travel dates - accurate description
Five telephone offences
Information to be disclosed to client PRIOR to sale to client
Inclusions on Travel Agency Invoice/Recipet
6 mechanisms to protect clients
39. Total value of assets that you have avail. to invest in your business initially
Debt
Posting of security
Receipt
Capital
40. PERSONAL resources
Equity Capital
Elements of greeting
Difference between travel agency and traditional retail store
Invoicing Requirements
41. Use by agency chains to forward payment to non-BSP supplier
PIPEDA: Be Accurate
Information to be disclosed to client PRIOR to sale to client
WRA - Wholesaler Remittance - DBA - Deposit Balance Advice
Supervision/Educational Req
42. Has to be a defined procedure - develop and easy accessible complaint procedure - inform those who complain how you will recourse
Payable
PIPEDA: Provide Recourse
Financial Statement
credit
43. Inform clients of policies for management of personal info - make the policies EASILY Available an easy to understand for clients and staff
7 Main Online Agencies
ACTA
Equity Capital
PIPEDA: Be Open
44. Agency and counsellor informaiton - customer identification - payment details - travel services details
Profit & Loss Statement
Invoicing Requirements
PIPEDA: Be Accountable
What is covered by FUND?
45. Must say artist render if a drawing - must be up to date and accurate
Registrant
Photos on Ads - Rules
How many time should phone ring before asnwering
Before hanging up...
46. Non-support statement - 'Can I take a message' - Incorrect screening - The Bureaucratic Bounce - No Answer
List all industry FORMS
PIPEDA: Provide Recourse
Items in Message Kit
Five telephone offences
47. Alternate - replacement products - services available but not received - (ie. cancel res - insurance premiums - won free trip but company didn't give it to you - counseling fees)
How to develop trust and rapport with customer
PIPEDA: Limit Use - Disclosure and Retention
What is NOT covered by FUND?
7 Main Online Agencies
48. Expenditures arising out of current business activities ie. salaries - electriity
Debt
Accounts receivable
Operating costs
Guidelines for Advertising travel services
49. Anyone who sells travel services or provides travel advice on behalf of reg'd ontario agency
Who must get TICO
Vouchers
Inclusions on Travel Agency Invoice/Recipet
Equity Capital
50. Docs that portray your financial situation - 2 major ones are the 'income statement' an the 'balance sheet'
PIPEDA: Obtain Consent
First Impression/Meeting Etiquette
Bad debt
Financial Statement
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