Free TICO Travel Industry Laws Questions and Answers 1

Question 1

What does the acronym TICO stand for?

Accepted Answer

Travel Industry Council of Ontario

Answer

Travel Industry Company of Ontario

Answer

Transport Industry Council of Organizations

Answer

Transport Industry Corporation of Ontario

Question 2

What does IATA stand for?

Accepted Answer

International Air Transport Association

Answer

International Aviation Transportation Association

Answer

International Aviation Transport Association

Answer

International Air Transportation Association

Question 3

What does ARC stand for?

Accepted Answer

Airlines Reporting Corporation

Answer

Airline Reporting Co-operation

Answer

Airlines Return Corporation

Answer

Airport Report Corporation

Question 4

For a CRS what does the acronym PNR stand for?

Accepted Answer

Passenger Name Record

Answer

Person Name Race

Answer

Personal Name Record

Answer

Point Number Return

Question 5

What does GDS stand for?

Accepted Answer

Global Distribution System

Answer

Global Displacement Sequence

Answer

Gross Distribution System

Answer

Global Distribute System

Question 6

What is pseudo city Code?

Accepted Answer

A GDS code used to identify a travel agency location.

Answer

A code that is used to identity airport cities

Answer

A five letter code that pilots use to distinguish each destination city

Answer

A GDS code that rates the best places to travel

Question 7

Commission is...

Accepted Answer

A small fee that a travel agency or services adds to the total fee in order to make money.

Answer

The way to determine if the travel agent is doing a good job.

Answer

The extra money the customer has to pay to keep the business running.

Answer

The amount of money a customer has to pay when they go out of the country.

Question 8

What are commission overrides?

Accepted Answer

An additional commission percentage paid when a certain volume level is achieved.

Answer

The amount of money given back to the customer if they have a bad trip.

Answer

The name of the check given to the travel agent at the end of the year for the number of sales made.

Answer

The money given to a company when they don't make enough money for the month.

Question 9

What does DOT stand for?

Accepted Answer

Department of Transportation

Answer

Department of Travel

Answer

Domestic Override Travel

Answer

Discount Ontario Travel

Question 10

What are markups?

Accepted Answer

The process of adding profit to a price.

Answer

Adding marketing value.

Answer

Upping the price of service to benefit travel agent.

Answer

Creating an equal product to price ratio.