Travel Agency Operations Week 6
Review UPDATED ACTUAL Exam
Questions and CORRECT Answers
XF - CORRECT ANSWER - Passenger Facility Charge
AY - CORRECT ANSWER - Security Fee
Q - CORRECT ANSWER - Fuel Surcharge
ZP - CORRECT ANSWER - Segment Tax
US - CORRECT ANSWER - Federal Tax
A travel agency can decide which credit cards to accept for payment of an airline ticket -
CORRECT ANSWER - False
Refunds on tickets purchased with a credit card should be made only to the same credit card -
CORRECT ANSWER - True
Commission on airline tickets is based on the total fare plus tax - CORRECT ANSWER -
False
Salaries, taxes, and benefits related to salaries are the largest expense of travel agencies -
CORRECT ANSWER - True
An income statement summarizes the revenues earned and expenses incurred for a period of time
- CORRECT ANSWER - True
Review UPDATED ACTUAL Exam
Questions and CORRECT Answers
XF - CORRECT ANSWER - Passenger Facility Charge
AY - CORRECT ANSWER - Security Fee
Q - CORRECT ANSWER - Fuel Surcharge
ZP - CORRECT ANSWER - Segment Tax
US - CORRECT ANSWER - Federal Tax
A travel agency can decide which credit cards to accept for payment of an airline ticket -
CORRECT ANSWER - False
Refunds on tickets purchased with a credit card should be made only to the same credit card -
CORRECT ANSWER - True
Commission on airline tickets is based on the total fare plus tax - CORRECT ANSWER -
False
Salaries, taxes, and benefits related to salaries are the largest expense of travel agencies -
CORRECT ANSWER - True
An income statement summarizes the revenues earned and expenses incurred for a period of time
- CORRECT ANSWER - True
