A.C.Translation

 

TOURISM INDUSTRY SURVEY

 
Question ID:  44490

Which computer system can give access to information through video and sound?

  1. Multi-media
  2. Networked
  3. Communications
  4. Teletext

 

Question ID:  44491

A multi-media system presents information in the form of

  1. a CD-ROM
  2. graphics and sound
  3. a software application
  4. text and numbers

 

Question ID:  44495

A hotel continually monitors its profitability to

  1. ensure financial targets are being met
  2. assess the relationship between assets and liabilities
  3. ensure that staff are working hard
  4. assess whether debtors are paying up on the time

 

Question ID:  44496

In a tourism-related business, the expression” translation of funds” means

  1. conversion of local into foreign currencies
  2. interpretation of the balance sheet
  3. distribution of company assets internationally
  4. payment of foreign currency by a company at future date

 

Question ID:  44497
Which is the MOST likely effect of a period of recession on a tour operator?

  1. Sales increase
  2. Advertising costs fall
  3. Profit margins fall
  4. Fixed costs increase

 

Question ID:  44498

When considering the planning and control of profit for a business, which one of the following costs is variable?

  1. Salaries
  2. Office rent
  3. Telephone calls
  4. Subscriptions

 

Question ID:  44499

A tour operator is considering the launch of new inclusive tour. What will a manager need to know in order to establish that the project has a break-even point?

  1. Fixed costs
  2. Anticipated sales
  3. Profit
  4. Staff resourcing

 

Question ID:  44500

A balance sheet lists the assets and liabilities of a business. Which item below is considered an as asset?

  1. Expenses payable
  2. Cash in a bank account
  3. Taxes
  4. Lease payments

 

Question ID:  44501

Which one of the following describes the financial term “Equity”?

  1. Cash that would remain if all assets were liquidated and liabilities paid
  2. Accounts received as customers pay on their new accounts
  3. Operating expenses subtracted from sales to determine profits or losses
  4. Estimated expenses subtracted form projected revenues to predict cash flow

Question ID:  44502

On a financial statement, which one of the following would normally be listed as a fixed asset?

  1. Prepaid expenses
  2. Taxes payable
  3. Salaries
  4. Equipment

 

Question ID:  44503

Which one of the following items would NOT appear on a balance sheet?

  1. Bank charges and loans
  2. Individual staff salaries
  3. Computer equipment
  4. Building accommodation

 

Question ID:  44504

A leisure company produces four main types of financial accounts. Which one of the following would be used to find a statement of assets?

  1. Cash flow statement
  2. Trading account
  3. Profit and loss account
  4. Balance sheet

 

Question ID:  44505

Which one of the MAIN reason for the production of trading account in a travel agency?

  1. Sales can be increased
  2. Costs can be reduced
  3. Targets can be measured
  4. Wages can be adjusted

 

Question ID:  44506

In a financial statement, the term “current assets” describes assets that

  1. can change in value
  2. can remain constant
  3. have a definite price
  4. are payable expenses

Question ID:  44507

One of the financial reports used for determining the status of company is an operating statement. This statement shows

  1. amounts owed by the company to suppliers
  2. a company’s profits and losses
  3. company’s income by product line
  4. costs of the company by category

 

Question ID:  44508

Which entries shown on a balance sheet of a leisure company would show how much the company’s possessions are worth?

  1. Assets
  2. Creditors
  3. Investment
  4. Stocks

 

Question ID:  44509

Which one of the following would provide a breakdown of income and expenditure for the last year?

  1. Actual balance sheet
  2. Forecast cash flows
  3. Actual profit and loss account
  4. Forecast balance sheet

 

Question ID:  44510

The BEST reason for monitoring the annual budget of a visitor attraction on a monthly basis is to

  1. assess the money owed to creditors
  2. preventing fraud taking place
  3. identify any over or under expenditure
  4. check the value of the stock

 

Question ID:  44511

Which tour operator budget would include forecasts for flight-only bookings?

  1. Expenditure
  2. Wages
  3. Marketing
  4. Sales

 

Question ID:  44512

A budget which allocates financial resources to a particular section within an organization is described as

  1. occasional
  2. special
  3. regional
  4. divisional

 

Question ID:  44513

Which item is MOST likely to be found in a marketing budget for a theme park?

  1. Rate charge
  2. Advertising costs
  3. Stock purchase costs
  4. Maintenance costs

 

Question ID:  44514

A travel agency would draw up an expenditure budget MAINLY to

  1. ensure holiday target sales are being met
  2. check against future bank statements
  3. ensure expenses exceed sales income
  4. estimate costs for the coming year

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