#1
What is the purpose of a travel expense management system?
To track and control expenses related to business travel
ExplanationExpense tracking and control for business travel.
#2
Which of the following is NOT a common travel booking procedure?
Sending handwritten letters to book accommodations
ExplanationManual booking through handwritten letters is uncommon.
#3
Which of the following is NOT typically included in a travel expense report?
Personal shopping expenses
ExplanationPersonal shopping expenses are not typically included.
#4
What does the term 'per diem' mean in the context of travel expense management?
A fixed daily allowance for expenses
ExplanationFixed daily allowance for expenses.
#5
What is the purpose of a travel expense policy?
To set guidelines and rules for reimbursable expenses related to business travel
ExplanationGuidelines and rules for reimbursable expenses.
#6
Which of the following is NOT typically covered by a travel expense management system?
Processing employee salaries
ExplanationEmployee salary processing is not typically covered.
#7
What is the purpose of a corporate travel policy?
To outline the guidelines and procedures for business travel
ExplanationGuidelines and procedures for business travel.
#8
Which of the following is a benefit of using a centralized travel booking system?
Better tracking and reporting of travel expenses
ExplanationImproved tracking and reporting of expenses.
#9
Which of the following is a feature of a good travel management software?
Automated expense reporting
ExplanationAutomated reporting of expenses.
#10
What is the purpose of a travel booking tool's approval workflow?
To ensure compliance with corporate travel policies
ExplanationEnsuring compliance with travel policies.
#11
What is the purpose of pre-trip authorization?
To ensure that travel expenses are within budget and comply with company policies
ExplanationEnsuring travel expenses comply with policies and budget.
#12
Which of the following is a benefit of integrating travel expense management software with an ERP system?
Streamlined expense reporting and financial processes
ExplanationStreamlining expense reporting and financial processes.
#13
What is the purpose of expense reconciliation in travel management?
To compare actual expenses with budgeted amounts
ExplanationComparing actual expenses to budgeted amounts.
#14
In the context of travel expense management, what does the term 'duty of care' refer to?
The responsibility of companies to ensure the safety and well-being of their employees during business trips
ExplanationCompany responsibility for employee safety during trips.
#15
What is the purpose of a travel expense audit?
To ensure compliance with travel policies and regulations
ExplanationEnsuring compliance with policies and regulations.
#16
What is the purpose of dynamic policy enforcement in travel expense management software?
To adjust policy restrictions based on real-time factors such as location and budget
ExplanationAdapting policy restrictions based on real-time factors.
#17
In the context of travel expense management, what is meant by the term 'ghost card'?
A virtual credit card number generated for a single transaction or limited time period
ExplanationVirtual credit card for single or limited use.