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TICO Practice Questions with Correct Answers 2023 Exam Preparation Material

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This document contains a comprehensive set of practice questions and verified correct answers for the 2023 TICO exam. It covers key topics relevant to real estate regulations, licensing requirements, and ethical business practices. The material is structured in a clear question-and-answer format to support efficient exam preparation and knowledge reinforcement. It is aligned with the 2023 TICO curriculum and highlights frequently tested concepts.

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TICO Practice Questions With Correct
Answers 2023
TICO is funded by
a. the Ontario government
b. consumers
c. Ontario registrants
d. the Canadian travel industry - Correct Answer- c. Ontario registrants

TICO works with consumers to ensure that
a. they are aware of their rights under the Travel Industry Act, 2002
b. they take their vacations in Ontario
c. the travel industry is promoted to consumers
d. consumers receive the lowest price from travel agents - Correct Answer- a. they are
aware of their rights under the Travel Industry Act, 2002

TICO enhances industry professionalism in many ways,
including
a. offering courses to travel counsellors to enhance their skill
b. maintaining an informative and up-to-date website
c. encouraging consumers to consider a career in travel
d. working with end suppliers - Correct Answer- b. maintaining an informative and up-to-
date website

The registration and inspection of travel businesses in
Ontario is conducted by
a. the federal government
b. International Air Transport Association (IATA)
c. the Ministry of Consumer Services
d. the Travel Industry Council of Ontario (TICO) - Correct Answer- d. the Travel Industry
Council of Ontario (TICO)

The Travel Industry Act, 2002 defines travel agent as
a. a person who owns and operates a travel service
b. a person who sells travel services provided by another person
c. a person who sells travel services to other travel agents and wholesalers
d. a person who conducts sightseeing tours - Correct Answer- b. a person who sells
travel services provided by another person

The Travel Industry Compensation Fund applies to
a. Ontario consumers who purchase travel from any travel agency in Canada
b. Manitoba consumers who purchase travel from an Ontario travel agency
c. Manitoba consumers who purchase from a local agency that has a branch agency in
Ontario

, d. Ontario consumers who travel exclusively in Ontario - Correct Answer- b. Manitoba
consumers who purchase travel from an Ontario travel agency

In cases where the Registrar issues a false advertising order
because a registrant's advertising violates the Act, when does the order take effect?
a. on the date the advertisement would next have appeared
b. immediately
c. one week after the order is issued
d. one month after the order is issued - Correct Answer- b. immediately

ABC agency is promoting a resort on its website. It has
included an artist's drawing of the resort as part of the representation. Would TICO
approve of this?
a. no, because only photographs may be used in a
representation
b. yes, as long as the representation states that the drawing is fairly accurate
c. no, unless the date on which the drawing was made is included
d. yes, as long as the drawing is accurate and the representation states that the drawing
is not a photograph - Correct Answer- d. yes, as long as the drawing is accurate and the
representation states that the drawing is not a photograph

When a travel agent publishes a price in a tour brochure or
similar representation, Ontario Regulation 26/05 demands
that he or she show
a. Provincial Sales Tax (PST)
b. Goods and Services Tax (GST)
c. Harmonized Sales Tax (HST)
d. All taxes except PST, GST and HST - Correct Answer- d. All taxes except PST, GST
and HST

The statement included on the customer's invoice says that
price increases are permitted. The customer will have to pay more if the price is
increased by
a. 7% after the customer has paid in full
b. 5% before the customer has paid in full
c. 10% before the customer has paid in full
d. 8% before the customer has paid in full - Correct Answer- b. 5% before the customer
has paid in full

Joe Smith purchases travel services from ABC agency, which includes a scheduled
flight. Joe may be entitled to a full immediate refund or comparable alternative travel
services if the scheduled flight is delayed by
a. 12 hours
b. 25 hours because of a severe snow storm
c. 25 hours
d. 12 hours because of safety considerations - Correct Answer- c. 25 hours

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Uploaded on
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Written in
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Type
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