TICO EXAM 2023-2024 ACTUAL EXAM AND PRACTICE EXAM 300 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFI

Who is the Statutory Director appointed by? a) The Registrar b) The Minister of Public and Business Service Delivery c) The TICO Board of Directors d) The Premier of Ontario - ANSWER-c) The TICO board of Directors A couple gives their travel counsellor a deposit for a package tour. They obtain a receipt from her that says, "Balance of $500.00 due on September 27, 2022." The counsellor has also added the comment, "As discussed, some charges are non-refundable." TICO would view this receipt as: a) Adequate because the receipt includes the amount due, the date on which it is due, and the fact that some charges are non-refundable b) Adequate because the travel counsellor has reminded the customers that the non-refundable charges were discussed during the sale of the package tour c) Inadequate because, by law, the travel counsellor should have said, "As discussed on August 27, 2022, some charges are not refundable." d) Inadequate because, by law, the travel counsellor must identify charges that are non-refundable - ANSWER-d) Inadequate because, by law, the travel counsellor must identify charges that are non-refundable Which of the following is NOT part of the Travel Industry Compensation Fund? a) Contributions from registrants b) Contributions from consumers c) Recoveries of money paid from the Compensation Fund d) Income earned on the money in the Compensation Fund - ANSWER-b) Contributions from consumers The administration of the Travel Industry Act, 2002 was delegated to TICO by the: a) Federal government b) Travel industry c) Global Affairs Canada d) Ontario provincial government - ANSWER-d) Ontario provincial government
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