GTP Corporate Travel Policy & Program Management 2

Question 1

What is the role of a Request for Proposal (RFP) in corporate travel program management?

Accepted Answer

A formal document soliciting bids from suppliers to compete for a company's travel spend

Answer

A traveler's request to upgrade to business class

Answer

An internal memo requesting travel budget approval

Answer

A government form required for international travel authorization

Question 2

Which KPI is MOST useful for measuring the financial effectiveness of a managed corporate travel program?

Accepted Answer

Savings achieved versus benchmarked or unmanaged rates

Answer

Number of trips taken per quarter

Answer

Average employee satisfaction score with travel arrangements

Answer

Total number of preferred hotel properties in the portfolio

Question 3

A company implements a 'soft approval' booking process. What does this mean?

Accepted Answer

Out-of-policy bookings are flagged and a reason code is required, but the booking is not blocked

Answer

Travelers can book any itinerary without any manager notification

Answer

Only senior executives can approve travel bookings

Answer

All bookings must be approved by finance before tickets are issued

Question 4

When negotiating a hotel program, what is a 'last room availability' (LRA) clause?

Accepted Answer

A provision ensuring the negotiated rate is available until the hotel is fully sold out

Answer

A guarantee that the hotel will always have a suite available for VIP travelers

Answer

A clause allowing the company to cancel reservations without penalty

Answer

A discount applied only when booking the last available room

Question 5

Which tool is MOST commonly used to enforce corporate travel policy at the point of booking?

Accepted Answer

An online booking tool (OBT) configured with policy rules

Answer

A post-trip expense audit system

Answer

Monthly travel reports distributed to managers

Answer

Annual traveler satisfaction surveys

Question 6

What is the primary benefit of consolidating all corporate travel spend with a single Travel Management Company (TMC)?

Accepted Answer

Greater spend visibility, reporting consistency, and negotiating leverage with suppliers

Answer

Eliminating all travel expenses for the company

Answer

Ensuring travelers only use one airline

Answer

Removing the need for a corporate travel policy

Question 7

A GTP is evaluating whether to implement a 'pre-trip approval' process. What is the PRIMARY disadvantage of this approach?

Accepted Answer

It can delay bookings and reduce traveler productivity if not streamlined

Answer

It reduces the number of preferred suppliers available

Answer

It eliminates the need for an expense management system

Answer

It prevents the use of online booking tools