CCS Financial Management & Budgeting 3

Question 1

A client cancels a cruise 45 days before departure. The cruise line's policy charges a 50% penalty. If the total fare was $3,600, how much does the client lose?

Accepted Answer

$1,800

Answer

50% cancellation penalty on a $3,600 fare equals $1,800 lost.

Question 2

An onboard credit (OBC) of $200 is applied to a client's folio. The client spends $350 onboard. What is the amount charged to their credit card at checkout?

Accepted Answer

$150

Answer

$350 total spending minus $200 OBC leaves a balance of $150 charged to the client's credit card.

Question 3

Which pricing strategy involves selling unsold cruise inventory at steep discounts very close to the departure date?

Accepted Answer

Last-minute pricing

Answer

Last-minute pricing refers to deeply discounted fares offered on unsold cabins close to the sailing date.

Question 4

A travel agent charges a $50 service fee for each cruise booking. If the agent books 12 cruises in a month averaging $2,500 commission each, what is the total monthly revenue including service fees?

Accepted Answer

$30,600

Answer

12 × $2,500 = $30,000 in commission plus 12 × $50 = $600 in service fees equals $30,600 total revenue.

Question 5

A client budgets $5,000 for a cruise vacation. The cruise fare is $3,200 per couple. Approximately what percentage of the total budget remains for pre/post travel, excursions, and extras?

Accepted Answer

36%

Answer

$5,000 − $3,200 = $1,800 remaining, and $1,800 ÷ $5,000 = 36% of the total budget.

(CCS) Certified Compliance Specialist Practice Test

(CCS) Certified Compliance Specialist Practice Test

CCS Financial Management & Budgeting 3