TICO BUNDLED EXAMS 2023 WITH 100% CORRECT ANSWERS

TICO is funded by a. the Ontario government b. consumers c. Ontario registrants d. the Canadian travel industry correct answersc. Ontario registrants TICO works with consumers to ensure that a. they are aware of their rights under the Travel Industry Act, 2002 b. they take their vacatio...

In representations is it required to show the price including GST/PST?No correct answersNo, the total amount to be paid for travel services A regulation in support of an Act describes... correct answersHow the rules will be enforced or applied A representation displayed on a billboard or bus b...

Who is TICO funded by? correct answersOntario Registrants TICO works with consumers to ensure that..... correct answersThey are aware of their rights under the travel industry act 2002 what 3 groups work with TICO to carry out its mandate? correct answersThe travel industry, the Provincial gov...

John is a student who has decided to create his own company to provide walking tours in his hometown of Thunder Bay. Some tourists book a tour, but because John has the flu, he does not show up. The tourists complain to TICO that their afternoon was ruined. Why is TICO unable to assist these cons...

: Which one of the following circumstances would NOT result in the travel retailer having to offer the customer a full refund or comparable alternative travel services? a) Where a contract permits a price increase, the cumulative increase is more than 7% of the total price (excluding increases caus...

Section 52 of the Regulation correct answersPurpose of the travel Industry compensation Fund The purpose of the Travel Industry Compensation Fund (usually referred to simply as the Compensation Fund, or the Fund) is to : correct answersprotect consumers who purchase travel services from Ontario-r...

representation correct answersa presentation of fact made in person, electronically, or in print in order to induce someone to act or enter into a contract. Examples of representations include: correct answersoral presentations, advertisements, brochures, and websites. Section 31 of the Regula...

What are the four main obligations that a registrant must meet after a sale but before the client departs on the trip? correct answersinvoicing requirements, requirements to inform customers of any changes that might affect their purchase, requirements to verify travel wholesaler documents, requirem...

What makes up the Fund? correct answersContributions made by registrants Any money borrowed under this or an earlier Regulation Recoveries of money paid from the Fund Income earned on the money in the Fund. What circumstances must the registrant reimburse the Fund for any claims paid to the re...

The registration and inspection of travel businesses in Ontario is conducted by correct answersthe Travel Industry Council of Ontario (TICO) The Travel Industry Act, 2002 defines travel agent as correct answersa person who sells travel services provided by another person The Travel Industry C...

What is the Ontario Travel Industry Act 2002? correct answersrules which travel retailers and wholesalers must operate in Ontario define a law: correct answersset of rules define a regulation: correct answershow the rules will be enforced Travel Agents may have to deal with fallout from pro...

Sarbanes-Oxley Act correct answersRequires the managers and auditors of companies whose stock is traded on an exchange (called public companies) to document and certify the system of internal controls Sarbanes-Oxley Requirements correct answers-Auditors must evaluate internal controls and issue a...

A firm's reply to customer questions via email would be an example of which component of the value chain? correct answerscustomer service Place the four components in the order they appear along the value chain: A = Customer service; B = Design; C = Distribution; and D = Production. correct answ...