ANSWERS GRADED A+ LATEST 2025/2026
Fixed Expenses - ANSWER costs that stay unchanged during a specific period
notwithstanding modifications in the extent of enterprise.
Variable Expenses - ANSWER are expenses that growth and decrease without delay and
proportionately with adjustments in commercial enterprise volume.
Semi-Variable or Mixed Expenses - ANSWER are prices that alternate in reaction to a
alternate in business volume, however they change by way of less than a proportional
quantity.
Income Statement - ANSWER summarizes sales earned and fees incurred for a selected
length
Balance Sheet - ANSWER it indicates the economic function of a business at a particular
time and can evaluate it to the enterprise's position on the equal time of a preceding 12
months. This consists of belongings, legal responsibility and equity
Suppliers get hold of fee in four approaches - ANSWER Directly from
client CC company
In the shape of exams from agencies
Through ARC (Airline Reporting Corporation)
Agents Receive Payments in 3 Ways - ANSWER Through
ARC By deducting fee previous to sending to supplier
By test from dealer
ARC (AIRLINE REPORTING CORP) - ANSWER an corporation owned with the aid of
important airways that regulates the sale of airline tickets via appointing folks who might also
promote them.
Accountable Documents - ANSWER issues standardized numbered paperwork that
function tickets, and it operates a centralized system for processing income.
Area Bank Settlement Plan - ANSWER the system set up through ARC through which taking
part suppliers obtain bills for income via travel companies
ARC Report - ANSWER Each tour enterprise can pay the ARC providers weekly by way of
electronically filing a mandatory record of sales
base fare - ANSWER the fare shorn of all taxes
Escrow Account - ANSWER An account held by way of a 3rd celebration or a bank that
holds on to finances till all necessities are fulfilled for them to be launched
,overrides - ANSWER bonus commissions to organizations that meet numerous sales dreams
or circulate customers to the dealer's products
Income for Travel Agencies - ANSWER Commission on income of transportation,
accommodation, cruises, tours and different services
Override commissions
Fees and carrier prices
Markups on internet costs
Cost Benefit Analysis - ANSWER A tool entrepreneurs use to keep down prices and make
sure income (ex. Buying vegetation or items for a consumer)
Consortium - ANSWER which is an affiliation of organizations that retain their independent
identities but pool their resources for certain functions
Miscellaneous Charges Order (MCO) - ANSWER It statistics deposits and full prepayments
for transportation, tour programs, supplemental costs, hotels, or extra collections. A clean
description of the kind of service for which it's far issued ought to be indicated at the MCO.
Voucher - ANSWER Any file used to confirm preparations, identify clients, or suggest bills
made
Invoice - ANSWER Indicates the quantity due from a purchaser and constitutes an implied
agreement among the employer and the patron for services rendered in trade for charge
Receipt - ANSWER Invoices that indicate an quantity paid and the technique of price.
ARC's Industry Handbook - ANSWER lists the sorts of charge well-known by precise airlines,
and CRSs indicate if a selected credit card payment isn't desirable to the airline getting used.
Travel Agency Service Fee (TASF) program - ANSWER allows companies to just accept
credit score card purchases for non-ARC objects, which include provider fees, and to
process them through the Area Bank Settlement Plan for a three.5 percent charge
Protocol with checks and tourists exams - ANSWER Do now not accept exams from all and
sundry unless they're straightforward, or if you can hold on to the tickets till the test clears
Do now not take delivery of assessments from someone else who isn't always the individual
reserving
Do not receive tests that are over the quantity that they may be charged
Some groups use a take a look at verification carrier to make certain that the budget will
clear, although it isn't necessary
Write customers name, proof of identification, address, telephone number, Drivers License at
the again of the test
Never be given pre signed tourists exams
Only receive vacationers checks from authentic organizations
Geography - ANSWER The have a look at of relationships between humans and their
surroundings
, Physical Geography - ANSWER Focuses on people and their patterns of agreement and
hobby
Travel Geography - ANSWER Application of understanding to travel, tourism and hospitality
corporation
Longitude - ANSWER Horizontal Lines
Latitude - ANSWER Vertical Lines
(Lateral!)
prime meridian - ANSWER through Greenwich, England and the 180 diploma meridian
through the pacific ocean
Globe - ANSWER Scale version of the earth
Cartography - ANSWER Map Making
Geographic Information System (GIS) - ANSWER Can retrieve, report, examine and control
data collected by satellites
Interactive Mapping - ANSWER When a consumer asks for records and the laptop
publications the consumer to the solution
Projection - ANSWER Transfer of data from a spherical surface to a flat place
Great Circle Route - ANSWER A phrase used by airways to determine the shortest
distance among to destinations
Compass Rose - ANSWER Symbol in the maps nook indicating the map's
orientation Key or Legend - ANSWER Explains symbols on the map
Scale - ANSWER Indicates maps distances and the actual distances on this planet
24 Hour Clock - ANSWER Eliminates am and pm difference and has one range for each
hour of the day
International Date Line - ANSWER 180 degrees from
GMT Local Time - ANSWER Time at any unique
region
Elapsed Time Traveled - ANSWER How long it takes to get to a
vacation spot Daylights Saving - ANSWER The changing of the clocks
to maximize daytime Crust - ANSWER The earth's outermost layer