Travel Agency Operations Week 6 Review|Questions
With Correct Answers|Verified
XF - ✔️Passenger Facility Charge
AY - ✔️Security Fee
Q - ✔️Fuel Surcharge
ZP - ✔️Segment Tax
US - ✔️Federal Tax
A travel agency can decide which credit cards to accept for payment of an airline ticket -
✔️False
Refunds on tickets purchased with a credit card should be made only to the same credit
card - ✔️True
Commission on airline tickets is based on the total fare plus tax - ✔️False
Salaries, taxes, and benefits related to salaries are the largest expense of travel
agencies - ✔️True
An income statement summarizes the revenues earned and expenses incurred for a
period of time - ✔️True
Travel counselors should not issue tickets unless they are certain that they will be paid
for before the ARC report is due - ✔️True
Most travel agencies now report ticket sales to ARC electronically through Interactive
Agents Reporting - ✔️True
In order to sell domestic tickets, travel agencies must have an appointment from the
Department of Transportation - ✔️False
One trend in the post cap world has been the increase in travel agency mergers -
✔️True
An association of travel agencies that are independent but pool their resources to save
on expenses - ✔️Consortium
A document used to confirm arrangements, identify clients, or indicate payments made -
✔️Voucher
With Correct Answers|Verified
XF - ✔️Passenger Facility Charge
AY - ✔️Security Fee
Q - ✔️Fuel Surcharge
ZP - ✔️Segment Tax
US - ✔️Federal Tax
A travel agency can decide which credit cards to accept for payment of an airline ticket -
✔️False
Refunds on tickets purchased with a credit card should be made only to the same credit
card - ✔️True
Commission on airline tickets is based on the total fare plus tax - ✔️False
Salaries, taxes, and benefits related to salaries are the largest expense of travel
agencies - ✔️True
An income statement summarizes the revenues earned and expenses incurred for a
period of time - ✔️True
Travel counselors should not issue tickets unless they are certain that they will be paid
for before the ARC report is due - ✔️True
Most travel agencies now report ticket sales to ARC electronically through Interactive
Agents Reporting - ✔️True
In order to sell domestic tickets, travel agencies must have an appointment from the
Department of Transportation - ✔️False
One trend in the post cap world has been the increase in travel agency mergers -
✔️True
An association of travel agencies that are independent but pool their resources to save
on expenses - ✔️Consortium
A document used to confirm arrangements, identify clients, or indicate payments made -
✔️Voucher
