Cwmc Module 29: Travel & Vacation Competency Test

10 Questions | Total Attempts: 101

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Module Quizzes & Trivia

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