4233101
Description
Quiz by Chad Collins, updated more than 1 year ago
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Created by Chad Collins
over 8 years ago
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Question 1
Question
During which phase of the business cycle is travel and tourism most likely to increase?
Answer
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Trough
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Contraction
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Expansion
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Recession
Question 2
Question
Which of the following is a factor that influences demand in the travel and tourism industry?
Answer
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Tariff revenue
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Export quotas
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Production costs
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Economic conditions
Question 3
Question
What typically results when a destination’s hospitality and tourism businesses continuously attract visitors?
Answer
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The local economy thrives.
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The local economy declines.
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Local businesses are more likely to fail.
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Local residents have less money to spend.
Question 4
Question
What process has led to an interdependency of travel and tourism activities among different countries to strengthen their national economies?
Answer
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Globalization
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Protectionism
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Domestic trade
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Industrial positioning
Question 5
Question
When tourists spend money at local attractions, the employees working at the local attractions earn income and spend a portion of their money at local restaurants and stores. What concept does this situation illustrate?
Answer
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The economic multiplier
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The competitive advantage
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The channels of distribution
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The law of diminishing returns
Question 6
Question
Which of the following economic indicators suggests that a country is likely to experience an overallincrease in domestic travel and tourism?
Answer
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Sales taxes increase
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Consumer spending increases
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The standard of living decreases
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The strength of the U.S. dollar decreases
Question 7
Question
What tends to occur when a nation’s economy experiences an economic recession?
Answer
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Lodging facilities expand their operations
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The food and beverage industry grows rapidly
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Consumers save their money and reduce their travel
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The workforce grows and spends less money on tourism
Question 8
Question
How does a high level of inflation affect the hospitality and tourism industry?
Answer
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Tourists’ have more money to spend
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Tourists’ purchasing power decreases
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Hospitality and tourism businesses hire more employees
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Hospitality and tourism businesses typically lower their prices
Question 9
Question
What is an advantage to a resort community that experiences an increase in travel and tourism?
Answer
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Higher inflation rates
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Less government regulation
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Lower gross domestic product
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More employment opportunities
Question 10
Question
Which of the following factors is most likely to have a positive impact on a destination’s ability to attract tourists?
Answer
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Increase in sales tax
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Increase in crime
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Fluctuations in interest rates
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Improvements to the infrastructure
Question 11
Question
What economic condition typically occurs during a popular vacation destination’s off-season?
Answer
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Increase in tourism
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Lower interest rates
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Higher unemployment
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Decrease in tax rates
Question 12
Question
Why do popular vacation destinations tend to experience economic highs and lows at certain times of the year?
Answer
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Tourists want to visit new places.
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Travel and tourism are cyclical.
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Airlines overbook their flights.
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Airport hubs close during certain seasons.
Question 13
Question
Tami is coordinating for a concert of about 30,000 attendees. She is also coordinating with local hotels. Which activity is she addressing?
Answer
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The inflation rate increases.
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The demand for hotel rooms increases.
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The demand for transportation decreases.
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The local economy experiences a contraction.
Question 14
Question
The Wyndbriar Hotel chain has 710 hotels in 64 countries, sells shares of stock to the public, and does not identify itself with one particular “home” country. What business structure is the hotel chain using?
Answer
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Joint venture
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Close corporation
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Limited partnership
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Transnational corporation
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