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OACETT IEPPE Exam Syllabus Topics:

OACETT Internationally Educated Professional Practice Sample Questions:

1. What are the two types of humour that can be used in the workplace to build and maintain good relationships?

A) Aggressive humour and self-defeating humour.
B) Discriminatory humour and self-deprecating humour.
C) Affiliative humour and self-enhancing humour.
D) Satire and deadpan humour.

2. What organization is responsible for regulating and advocating for public safety with respect to the use of electricity in Ontario?

A) The Ontario Centre for Electrical Safety.
B) The Canadian Safety Association.
C) The Electrical Safety Authority.
D) The International Standards Organization.

3. 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) No, there is no justification for starting up with one business form and converting to another form because it is too expensive.
B) 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.
C) Yes, there is justification for starting up with one business and converting to another form because it provides the owners with interesting variety.
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.

4. What is non est factum or 'it is not my act because my mind did not go with my pen'?

A) When it is obvious that the party that made the mistake did not know what they were agreeing to
B) Persons of unsound mind
C) Corporations that have overstepped their corporate charter
D) Persons under the influence of alcohol or drugs

5. 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.
What form of business would the two entrepreneurs choose if they wanted the easiest and lowest-cost way to get it off the ground?

A) A sole proprietorship
B) A partnership
C) A corporation
D) A joint venture

Solutions: