Timeshare Final Exam Questions and Answers 2024 with complete solution

Timeshare Final Exam Questions and Answers 2024 with complete solution In terms of the U.S. economy, was is the total economic contribution of the timeshare industry? a. $7.0 Billion b. $70 Billion c. $7.0 Million d. $70 Million - answer$70 billion Which of the following is NOT a facet of the timeshare industry a. Factory production b. Sales & Marketing c. Resort Operations/management d. Real estate development - answerFactory production T or F: All timeshare can be willed to an heir, regardless of legal ownership structure. - answerFalse Which of the following is NOT TRUE of the timeshare industry? a. The rate of timeshare foreclosure is higher than traditional mortgage foreclosure. b. Timeshare resort occupancies exceed traditional resort occupancies. c. The outlook for the timeshare industry is positive. d. The recession had no impact on the industry. - answerThe recession had no impact on the industry. During the 1970's, the option of exchanging the timeshare product came into existence and this decade was marked by a. consumers purchasing second homes instead of timeshares b. reduced regulation in comparison to previous decades c. Interval International being the first timeshare exchange company d. high growth and increased sales volumes - answerhigh growth and increased sales volumes Which of the following terms refers to ownership on an every other year basis? a. interval b. biennial c. fractional d. right to use - answerbiennial Marriott was the first of the traditional lodging brands to enter the timeshare industry. In which year did Marriott enter the timeshare industry? - answer1984 Which of the following decades saw the grea