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Mock examination available in Windows operation system

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OACETT IEPPE Exam Syllabus Topics:

OACETT Internationally Educated Professional Practice Sample Questions:

1. Brown and Green have a concept for a new survey measuring instrument based on their many years in the Civil Survey field. They want to establish a business to raise capital, design, manufacture, and market this new instrument. Both Brown and Green are well established, are in their mid-50s, and have no family members who would be prepared to take over the business when they are ready to retire in about 10 years.
In your opinion, is there justification for starting up with one business form and converting to another form later?

A) Yes, there is justification for starting up with one business and converting to another form because it provides the owners with interesting variety.
B) No, there is no justification for starting up with one business form and converting to another form because it is too expensive.
C) Yes, starting out as a partnership might be the easiest/cheapest way to get the business started and it could be switched to a corporation for liability protection and tax advantages when growth begins.
D) No, it is bad business practice to change the form in which a business is being operated as it creates confusion among clients and suppliers.

2. What does the term 'res ipsa loquitur' mean?

A) The plaintiff assumed some risk voluntarily and consequently the defendant should not be responsible.
B) The defendant in a tort compromised his position by bragging about what he had done.
C) The facts speak for themselves, and the burden of proof will be shifted from the plaintiff to the defendant.
D) The party whose negligence was considered to be the last contributory factor to the harm caused.

3. What is one possible action of the Discipline Committee when a member is found to be guilty of professional misconduct or incompetence?

A) Advise the member not to pay their next annual dues.
B) Do nothing.
C) Revoke membership.
D) All of the options.

4. What are municipal by-laws?

A) The rules that citizens in a municipality write in order to follow the guidelines from the province.
B) The rules that the federal government gives to municipalities to enforce.
C) The rules that the provinces give to municipalities to enforce.
D) The rules put into place so that residents and businesses in a municipality can live amicably together.

5. You are a member of OACETT, a principal in XYZ Company and also a member of a city council. The city council approves appropriations for projects undertaken by the city. One such project is an energy conservation project with a large potential reduction in energy costs. XYZ Company has established a good reputation in the energy conservation field. XYZ Company has submitted a proposal to the city council to provide services for this project under consideration.
Which action best balances your obligations to your company and your responsibility to follow the OACETT Code of Ethics when facing a conflict of interest?

A) Withdraw your company's proposal to eliminate the conflict.
B) Immediately resign from your position.
C) Remain in your position and advocate for your company's proposal.
D) Remain in your position but avoid participating in discussions or decisions that involve your company.

Solutions: