FREE TMC Tourism Economics Questions and Answers

Question 1

A travel __________________________ is assumed to take place whenever a traveler exchanges money for an activity considered part of his/her trip.

Accepted Answer

Expenditure

Answer

In this context, an expenditure refers to the act of spending money on an activity that is considered part of a traveler's trip. This could include expenses such as accommodation, transportation, meals, and other related costs. Therefore, the correct answer is "expenditure".

Question 2

Economic Impact is NOT represented by measure of:

Accepted Answer

If a traveler enjoyed a destination

Answer

The measure of whether a traveler enjoyed a destination does not represent the economic impact. Economic impact is typically measured by factors such as business receipts, spending, and payroll, which directly contribute to the local economy. While the enjoyment of a traveler may indirectly contribute to the economic impact by potentially encouraging repeat visits or positive word-of-mouth, it is not a direct measure of the economic impact itself.

Question 3

Payroll includes sick leave pay.

Accepted Answer

TRUE

Answer

Sick leave pay is a type of payment that is included in an employee's payroll. It is a benefit provided to employees to compensate for the time they are unable to work due to illness. Therefore, it is correct to say that payroll includes sick leave pay.

Question 4

____________________________ includes corporate income, individual income, sales and gross receipts, and excise taxes by level of government.

Accepted Answer

Tax Revenues

Answer

Tax revenues include corporate income, individual income, sales and gross receipts, and excise taxes by level of government. This refers to the total amount of money collected by the government through various forms of taxation. It encompasses the taxes paid by individuals, businesses, and other entities, and is an important source of funding for government operations and public services.

Question 5

TEIM stands for.........

Accepted Answer

Travel Economic Impact Model

Answer

TEIM stands for Travel Economic Impact Model. This model is used to assess and analyze the economic impact of travel and tourism on a particular destination or region. It takes into account various factors such as visitor spending, employment generation, and tax revenues generated by the travel industry. The model helps policymakers, businesses, and researchers understand the economic benefits and contributions of the travel sector, allowing them to make informed decisions and develop strategies to maximize the positive impact of tourism on the economy.

TMC - Tourism Management Certificate Practice Test

TMC - Tourism Management Certificate Practice Test

FREE TMC Tourism Economics Questions and Answers