Travel Agency Operations Week 6 Review Questions and Answers Fully Solved

Travel Agency Operations Week 6 Review Questions and Answers Fully Solved XF Passenger Facility Charge AY Security Fee Q Fuel Surcharge ZP Segment Tax US Federal Tax A travel agency can decide which credit cards to accept for payment of an airline ticket False Refunds on tickets purchased with a credit card should be made only to the same credit card True Commission on airline tickets is based on the total fare plus tax False Salaries, taxes, and benefits related to salaries are the largest expense of travel agencies True An income statement summarizes the revenues earned and expenses incurred for a period of time True Travel counselors should not issue tickets unless they are certain that they will be paid for before the ARC report is due True Most travel agencies now report ticket sales to ARC electronically through Interactive Agents Reporting True In order to sell domestic tickets, travel agencies must have an appointment from the Department of Transportation False One trend in the post cap world has been the increase in travel agency mergers True An association of travel agencies that are independent but pool their resources to save on expenses Consortium A document used to confirm arrangements, identify clients, or indicate payments made Voucher A document that indicated the amount due from a client Invoice A document that records payment for tours Tour order Airfare that excludes taxes, fees, commissions, or other surcharges Base Fare The part of a ticket sent to ARC Auditor's coupon The part of a ticket kept by the travel agency Agent's coupon Forms distributed by ARC that you must account for Accountable documents A pattern of income and expenditures that determines the availability of cash Cash flow