TICO EXAM TEST BANK NEW SET
COMPLETE QUESTIONS AND ANSWERS
VERIFIED DETAILED SOLUTIONS ALREADY
PASSED
⩥ Tico is required by the ministry to submit what 2 documents??.
Answer: An Annual Report and a Business Plan. these documents
prepared by TICO outline TICOS financial position, details highlights
and achievements of the past year, and sets objectives for the coming
three years. These documents are posted on the TICO website.
⩥ The CEO of TICO is responsible for:.
Answer: -strategy setting and execution, risk management , financial and
operational affair management (people and performances)
⩥ The CEO of TICO reports to.
Answer: A board of directors. (of which the CEO is also a member,
without voting power)
⩥ The TICO board is responsible for:.
Answer: hiring of the CEO, providing strategic and governance
oversight.
,⩥ The board is comprised of:.
Answer: 11 members: 7 representatives from the travel industry and 4
individuals appointed by the Ministry to represent consumers, business,
and government.
⩥ The board carries out its work through:.
Answer: committees, which review issues and make recommendations
to the board.
⩥ There are currently 3 board committees. They are:.
Answer: 1) Audit, Technology and Risk Management Committee 2)
Regulatory and Business Strategy
3) Governance and Human Ressources
⩥ In Addition to the 3 board committees, TICO also has:.
Answer: A Consumer and Industry Advisory Committee.
⩥ The consumer and Industry Advisory Committee is comprised of...
Answer: a balance of consumer and industry representatives who help
ensure that the perspectives of both groups are effectively shared and
understood.
⩥ The purpose of the Industry Advisory Committee is....
, Answer: to provide the Board of Directors with invaluable feedback and
insight that is helpful to management and the Board of Directors on
consumer and industry issues, opportunities, as well as observations and
feedback on current or developing trends of important or of concern in
the travel industry.
⩥ TICOS Mission is to.
Answer: regulate consumer protection by promoting awareness,
education, and compliance as part of the efficient and effective
regulation of Ontario's Travel Industry.
⩥ The Ministry's mission is to...
Answer: maintain "a fair, safe and informed marketplace as it relates to
Ontario's Travel Industry Act,2002".
⩥ TICO's Vision.
Answer: To be a progressive regulator advancing consumer protection,
ethical business practices and a trusted marketplace where consumers
are confident purchasing travel from registered professionals.
⩥ TICOS values:.
Answer: Efficiency / Leadership / Accountability / Service Excellence /
Teamwork / Innovation / Communication / Openness. above all, we
envision that Consumer Protection is stronger through a workplace built
COMPLETE QUESTIONS AND ANSWERS
VERIFIED DETAILED SOLUTIONS ALREADY
PASSED
⩥ Tico is required by the ministry to submit what 2 documents??.
Answer: An Annual Report and a Business Plan. these documents
prepared by TICO outline TICOS financial position, details highlights
and achievements of the past year, and sets objectives for the coming
three years. These documents are posted on the TICO website.
⩥ The CEO of TICO is responsible for:.
Answer: -strategy setting and execution, risk management , financial and
operational affair management (people and performances)
⩥ The CEO of TICO reports to.
Answer: A board of directors. (of which the CEO is also a member,
without voting power)
⩥ The TICO board is responsible for:.
Answer: hiring of the CEO, providing strategic and governance
oversight.
,⩥ The board is comprised of:.
Answer: 11 members: 7 representatives from the travel industry and 4
individuals appointed by the Ministry to represent consumers, business,
and government.
⩥ The board carries out its work through:.
Answer: committees, which review issues and make recommendations
to the board.
⩥ There are currently 3 board committees. They are:.
Answer: 1) Audit, Technology and Risk Management Committee 2)
Regulatory and Business Strategy
3) Governance and Human Ressources
⩥ In Addition to the 3 board committees, TICO also has:.
Answer: A Consumer and Industry Advisory Committee.
⩥ The consumer and Industry Advisory Committee is comprised of...
Answer: a balance of consumer and industry representatives who help
ensure that the perspectives of both groups are effectively shared and
understood.
⩥ The purpose of the Industry Advisory Committee is....
, Answer: to provide the Board of Directors with invaluable feedback and
insight that is helpful to management and the Board of Directors on
consumer and industry issues, opportunities, as well as observations and
feedback on current or developing trends of important or of concern in
the travel industry.
⩥ TICOS Mission is to.
Answer: regulate consumer protection by promoting awareness,
education, and compliance as part of the efficient and effective
regulation of Ontario's Travel Industry.
⩥ The Ministry's mission is to...
Answer: maintain "a fair, safe and informed marketplace as it relates to
Ontario's Travel Industry Act,2002".
⩥ TICO's Vision.
Answer: To be a progressive regulator advancing consumer protection,
ethical business practices and a trusted marketplace where consumers
are confident purchasing travel from registered professionals.
⩥ TICOS values:.
Answer: Efficiency / Leadership / Accountability / Service Excellence /
Teamwork / Innovation / Communication / Openness. above all, we
envision that Consumer Protection is stronger through a workplace built
