TICO SUPERVISOR/ MANAGER NEWEST ACTUAL 2025/2026
EXAM WITH COMPLETE QUESTIONS AND
ANSWERS/VERIFIED/GRADED A+
As defined in Ontario Regulation 26/05, a financial statement
does NOT need to
include
a. a statement of sales in Ontario made during a specific
period
b. a balance sheet or income statement
c. the individual invoices sent to customers during a specific
period
d. a reconciliation of the trust account with customer deposits
c
A trust account may NOT be used to
a. borrow funds to keep the travel agency profitable if a
customer is late in
paying for a package tour
b. pay a wholesaler for the package tour for which the travel
agency has
received the money
, c. issue refunds to customers
d. transfer a registrant's commission to the general account
after the travel
wholesaler has been paid
a
The amount of working capital required by a travel agency is
based on which of the
following?
a. The length of time the agency has been in business
b. the number of employees the agency has
c. the agency's sales in Ontario during the previous fiscal year
d. the number of bookings the agency made during the
previous fiscal year
c
All agencies are required to maintain business records. Which
of the following does
NOT fall under the category of business records?
a. accounting and banking files
b. brochures that identify destinations and accommodations
c. payment records
d. files containing client options regarding refund or
alternative travel services
EXAM WITH COMPLETE QUESTIONS AND
ANSWERS/VERIFIED/GRADED A+
As defined in Ontario Regulation 26/05, a financial statement
does NOT need to
include
a. a statement of sales in Ontario made during a specific
period
b. a balance sheet or income statement
c. the individual invoices sent to customers during a specific
period
d. a reconciliation of the trust account with customer deposits
c
A trust account may NOT be used to
a. borrow funds to keep the travel agency profitable if a
customer is late in
paying for a package tour
b. pay a wholesaler for the package tour for which the travel
agency has
received the money
, c. issue refunds to customers
d. transfer a registrant's commission to the general account
after the travel
wholesaler has been paid
a
The amount of working capital required by a travel agency is
based on which of the
following?
a. The length of time the agency has been in business
b. the number of employees the agency has
c. the agency's sales in Ontario during the previous fiscal year
d. the number of bookings the agency made during the
previous fiscal year
c
All agencies are required to maintain business records. Which
of the following does
NOT fall under the category of business records?
a. accounting and banking files
b. brochures that identify destinations and accommodations
c. payment records
d. files containing client options regarding refund or
alternative travel services
