The TPS is Throttle Position Switch (or Sensor) sometimes called an Idle Switch. Located at the rear of the throttle bodies with a wide wire plug coming out of the top. It's purpose is to reduce backfires.
When I missadjusted mine it held the idle high as you describe.
It is bigger than a golf ball, smaller than a baseball, kind of a triangle shape. There is a screw on the right and left of it for adjusting it. The screw on the right is hard to get to, I use a small ratchet with a phillips bit in it or an offset screwdriver. After you loosen the screws you can rotate it all the way closed and you will notice the idle screw should close as well (if that indeed is your problem). You may leave it this way and the bike will run fine.
The manuals go through how to adjust it correctly which is just barely off of totally closed.
Another possibility is that your "choke" is missadjusted which would also hold the throttle open.
HTH.
here is a thread on how to adjust the TPS:
http://www.motobrick.com/index.php/topic,1522.msg20927.html#msg20927BTW, with my old ears, I have to use a copper pipe as a stethoscope to hear the "click".