Cwmc Module 29: Travel & Vacation Competency Test

10 Questions | By Lfeinstitute | Updated: Mar 20, 2022 | Attempts: 123

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This quiz is part of LFE Institute's CWMC (Certified Workplace Money Coaching) course. It will test your proficiency in the Travel & Vacation Module (Module 29) of the program. The questions are all multiple choice, and are designed to be a review of this Module. Let LFE know when you've successfully completed this test and are ready to begin the next Module. Correct answers required for passing grade: 11/12

Questions and Answers

1.

Which of these travel goals is unrelated to CWMC Module 29: Travel & Vacation?
- A.
  
  Avoid travel scams
- B.
  
  Find tax havens abroad
- C.
  
  Save thousands of dollars
- D.
  
  Stay safe when taking vacations
- E.
  
  Find low-cost destinations
2.

Which of the following locations would be good to suggest as a potential low-cost vacation option? (check all that apply)
- A.
  
  Monaco
- B.
  
  Las Vegas
- C.
  
  London
- D.
  
  New York City
- E.
  
  U.S. National Parks
3.

Which of the following would you include in a Money Coaching response as smart foreign travel tips? (check all that apply)
- A.
  
  Pack lightly and efficiently
- B.
  
  Hostels are expensive lodging options
- C.
  
  Bring along a few basic first aid supplies
- D.
  
  Travel during the “off season” to save money
- E.
  
  Use cash exchange bureaus overseas for the best rates
4.

National Financial Literacy Month is officially celebrated each year in:
- A.
  
  February
- B.
  
  April
- C.
  
  June
- D.
  
  August
- E.
  
  October
5.

Which of the following need to be avoided to keep money safe while traveling? (check all that apply)
- A.
  
  Display only the minimum amount of cash necessary when making transactions
- B.
  
  Use traveler's checks issued by American Express or a major bank
- C.
  
  Take various credit cards when traveling
- D.
  
  Hide the bulk of vacation funds out of site in your luggage
- E.
  
  Keep most of your cash and valuables in a hotel safe whenever possible
6.

Which of the following ways to take a vacation usually cost little or no money? (check all that apply)
- A.
  
  Explore the U.S. National Park system
- B.
  
  Purchase discount pro baseball tickets from walk-in sales staff
- C.
  
  Redeem unused gift cards, coupons, and certificates
- D.
  
  Check newspaper, radio, or television for area events, festivals, and local celebrations
- E.
  
  Fly overseas during the holidays
7.

Select the signs of a possible travel scam: (check all that apply)
- A.
  
  You're offered free or heavily discounted trips in exchange for attending "brief presentations"
- B.
  
  Vague trip details, such as cancellation and refund policies
- C.
  
  Physical address and toll-free number are listed on the travel company’s Web site
- D.
  
  No purchase necessary to win an advertised prize
- E.
  
  You're asked to pay before the travel agent provides a contract or written documentation
8.

The act of families or groups vacationing together and sharing expenses is called:
- A.
  
  Consolidating
- B.
  
  Togethering
- C.
  
  Staycationing
- D.
  
  Familia
- E.
  
  None of the above
9.

Which of the following items are NOT advisable for foreign travel? (check all that apply)
- A.
  
  Cashier’s checks
- B.
  
  Passport
- C.
  
  Debit card
- D.
  
  Variety of credit cards
- E.
  
  Traveler’s checks
10.

Which of the following are the most positive reasons for an employer to provide vacation benefits (PTO: paid time off) to employees? (check all that apply)
- A.
  
  It’s required by federal law
- B.
  
  It builds morale, creating more effective and productive employees
- C.
  
  Employees need an occasional break to be more effective at work
- D.
  
  It provides a good opportunity for the employer to cross-train other employees
- E.
  
  It forces the remaining employees to work harder to compensate