GTP Corporate Travel Policy & Program Management 1

Question 1

Which element is considered the foundation of an effective corporate travel policy?

Accepted Answer

Clearly defined objectives aligned with business goals

Answer

A travel policy must begin with clearly defined objectives tied to business goals so that every rule and guideline supports measurable outcomes.

Question 2

What is the primary purpose of a travel policy compliance rate metric?

Accepted Answer

To track how often travelers book within approved policy parameters

Answer

Compliance rate measures the percentage of bookings made within policy, indicating how well travelers adhere to approved guidelines and helping identify leakage.

Question 3

A company's travel policy includes a 'lowest logical airfare' rule. This means travelers should book:

Accepted Answer

The lowest fare that meets reasonable schedule and duration criteria

Answer

Lowest logical airfare balances cost savings with productivity by avoiding excessively inconvenient itineraries while still controlling spend.

Question 4

Which stakeholder group is MOST critical to involve when initially developing a corporate travel policy?

Accepted Answer

Senior leadership, finance, HR, and frequent travelers

Answer

Effective policy development requires input from senior leadership for authority, finance for budget alignment, HR for compliance, and frequent travelers for operational practicality.

Question 5

What does 'travel leakage' refer to in corporate travel program management?

Accepted Answer

Bookings made outside approved channels or preferred suppliers

Answer

Travel leakage occurs when employees book travel outside the approved program, reducing the company's negotiating leverage and spend visibility.

(GTP) Global Travel Professional Practice Test

(GTP) Global Travel Professional Practice Test

GTP Corporate Travel Policy & Program Management 1