The Difference Between a Familiarization (FAM)tour and a Site Inspection

question 33

Multiple Choice

The difference between a familiarization (FAM) tour and a site inspection is _________________.

• A) a site inspection is aimed at a single association and used to tailor the destination to the needs of the association
• B) a site inspection can be done over the internet and includes a brief introduction to the region and available hotels, restaurants, and activities
• C) a site inspection is done prior to a conference or convention, while a FAM tour is done afterward
• D) FAM tours are for travel counsellors; site inspections are not

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Definitions:

Net Income

The total earnings of a company after subtracting all expenses from revenue, also known as the bottom line.

Constant Percentage

A fixed proportion or rate that is applied to a specific calculation, such as in investment strategies or financial formulas.

Tax Rate

The percentage at which an individual or corporation is taxed, often varying based on income or profit levels.

Cash Dividends

Dividends paid in the form of cash to shareholders, typically out of the company's current or retained earnings.