Types of Travel and Tourism Business (Unit 7)

Question 1

Which department would be in charge of monitoring cash flow in the company?

Accepted Answer

Finance

Question 2

Which department would be in charge of hiring and training staff?

Accepted Answer

Human resources

Question 3

Which department would develop new holiday packages in a new resort?

Accepted Answer

Product development

Question 4

Why might Market research be an external function of a travel and toursim company?

Accepted Answer

It requires specialist skills, It is easier for an external company to be unbiased, It might be cheaper for a specialist company to do it

Question 5

What type of company is the coach company Abbey Travel (Hull)?

Accepted Answer

Local

Question 6

How many people does a micro-enterprise employ

Accepted Answer

up to 10

Question 7

A person running a business on their own is called .....

Accepted Answer

Sole Trader

Question 8

East Yorkshire Motor Services (EYMS) is

Accepted Answer

a regional company

Question 9

An example of a company with a flat hierarchy would be

Accepted Answer

Glenburn Hotel (Windermere)

Question 10

This is a business which pays to operate under an established brand name.

Accepted Answer

Franchise

Question 11

This type of company has shareholders, but shares are not sold on the open market.

Accepted Answer

Private limited company (Ltd)

Question 12

The National Trust is an example of this type of Business.

Accepted Answer

Charity

Question 13

What type of company is Virgin Atlantic?

Accepted Answer

Multi-national

Question 14

This type of Business sells its shares openly on the stock exchange.

Accepted Answer

Public Limited Company (PLC)

Question 15

A SME ( Small and Medium Enterprise) employs

Accepted Answer

Between 10 and 250

Question 16

Which department would be in charge of getting feedback from customers

Accepted Answer

Market research

Question 17

The National Trust is

Accepted Answer

National

Question 18

A company with a flat hierarchy has

Accepted Answer

few layers of management

Question 19

A large business employs over

Accepted Answer

250 people

Question 20

How many people can be in a partnership?

Accepted Answer

between 2 and 20

Questions 20