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OACETT IEPPE Exam Syllabus Topics:

OACETT Internationally Educated Professional Practice Sample Questions:

Question 1

What is repudiation of a contract?

A. A statement by one of the contracting parties that they are going to do business with a third party rather than the original contracting party.
B. A statement by one of the contracting parties that they do not intend to perform as promised.
C. A statement by one of the contracting parties that the performance of the other is unsatisfactory and so they are suing for damages.
D. A statement by one of the contracting parties that the contract is illegal and is therefore cancelled.

Question 2

A technology professional has accepted an offer of employment. Which statement best reflects their obligations?

A. A professional is ethically obligated to honor the commitment unless a new offer from another employer would provide a more challenging position.
B. A professional has no obligation to honor the commitment.
C. A professional is ethically obligated to honor the commitment only if they have signed an acceptance of offer.
D. A professional is ethically obligated to honor the commitment unless formally released after giving adequate notice of intent.

Question 3

What does it mean to have a restrictive right under the OACETT Act to use the designation C.E.T.?

A. No other persons can work as technicians in Ontario.
B. No other persons can call themselves technologists in Ontario.
C. No other persons can work as technologists in Ontario.
D. No other persons can use the abbreviation C.E.T. after their name.

Question 4

What is specific performance?

A. A declaration by one of the parties that they do not intend to perform as promised
B. When the contract is significantly completed and payment can be requested
C. When the court orders the party causing a breach of contract to perform the promises included inthe contract
D. A statement by one party that they will be changing part of their performance not specified in the contract

Question 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.
If Brown and Green had assets and needed to raise money for their new venture, which form of business might make it easier to obtain a bank loan?

A. Either a corporation or partnership as long as they personally guaranteed the new business loan; although generally, a corporation has more flexibility.
B. A corporation because they would not have to personally guarantee the loan.
C. A joint venture because they would not have to personally guarantee the loan.
D. A partnership because they would not have to personally guarantee the loan.

Solutions: