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OACETT Internationally Educated Professional Practice Exam Sample Questions (Q76-Q81):

NEW QUESTION # 76
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, there is justification for starting up with one business and converting to another form because it provides the owners with interesting variety.
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.

Answer: C

Explanation:
Many businessesstart as partnerships or sole proprietorshipsbecause they arecheaper and easier to set up
. Once the businessgrows and needs liability protection, it canconvert to a corporation.
Step-by-Step Explanation:
* Why Start Small?
* Partnerships and sole proprietorshipshave fewer startup costs and paperwork.
* Once the business grows, tax benefits andlegal protection become more important.
* Why Convert to a Corporation Later?
* Reduces owner liability(personal assets are no longer at risk).
* Attracts investors(corporations can sell shares).
* Offers tax benefitscompared to a sole proprietorship.
* Why Option C Is Correct:
* Starting as a partnership is cost-effective, andswitching to a corporationprovides long-term advantages.
Reference:
Ontario Business Corporations Act - Business Conversion Rules
OACETT Business Guidelines - Legal Considerations for Business Growth

NEW QUESTION # 77
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 only if they have signed an acceptance of offer.
B. A professional is ethically obligated to honor the commitment unless a new offer from another employer would provide a more challenging position.
C. A professional has no obligation to honor the commitment.
D. A professional is ethically obligated to honor the commitment unless formally released after giving adequate notice of intent.

Answer: D

Explanation:
A technology professionalmust honor an employment commitmentunless they areformally released by the employer. Ethical professionalsrespect contractual obligationsandprovide adequate noticeif they need to resign.
Step-by-Step Explanation:
* Why Honoring Employment Commitments Is Important:
* Professional integrity requires fulfilling obligationsunless released.
* Abandoning commitments damages professional credibility.
* Proper Steps If Leaving a Job After Accepting an Offer:
* Provide formal notice (typically 2-4 weeks).
* Ensure smooth transition for employer and colleagues.
* Avoid job-hopping, which can harm reputation.
* Why Option B Is Correct:
* Ethical professionals must follow formal proceduresif they wish to resign.
* Why Other Options Are Incorrect:
* A (Leaving for a more challenging position)- Professionalscannot break a contract based on personal preference.
* C (Obligation only if signed acceptance)-Verbal agreements can still be binding in some cases.
* D (No obligation)-Commitments must be honored unless formally released.
Reference:
OACETT Code of Ethics - Honoring Professional Agreements
Ontario Employment Standards Act - Employee Obligations in Contracts

NEW QUESTION # 78
Which one of the following mistakes would be unreliable as a reason to set aside or otherwise impeach a contract?

A. A mistake of law.
B. A mistake by one of the parties which the other party knows about or is assumed to know about.
C. A mistake in the identity of the subject matter.
D. Both parties agree upon the subject matter and terms but are mistaken about some basic facts underlying the contract.

Answer: A

Explanation:
Amistake of lawgenerallydoes not allow a contract to be set aside, becauseparties are expected to know the law.
Step-by-Step Explanation:
* Types of Mistakes in Contracts:
* Mistake of fact- Canvoid a contractif fundamental.
* Mistake of law-Does not usually void a contract.
* Why Option B Is Correct:
* Courts assume thatindividuals understand the law before signing a contract.
* Why Other Options Are Incorrect:
* A, C, D - Mistakes of factcan void contracts.
Reference:
Ontario Contract Law - Mistake and Misrepresentation Principles
OACETT Business Conduct Rules

NEW QUESTION # 79
What is the main purpose of an ethical theory?

A. To systematically link our beliefs to one another by means of a set of coherent principles in order to have consistent ethical beliefs.
B. To systematically connect our factual statements, our conceptual statements, and our moral statements.
C. To systematically relate our ethics to the practical realities that we experience on a daily basis.
D. To systematically define the concepts related to our ethical beliefs.

Answer: A

Explanation:
Anethical theoryprovides astructured framework for making consistent and logical ethical decisions.
Step-by-Step Explanation:
* Definition of Ethical Theories:
* Ethical theorieshelp professionals determine the right course of action in difficult situations.
* They ensureconsistency in decision-makingacross different scenarios.
* Common Ethical Theories Used in Engineering & Technology:
* Utilitarianism- Thegreatest good for the greatest number(e.g., prioritizing public safety).
* Deontology- Followingethical rules and duties, regardless of the outcome.
* Virtue Ethics- Acting withhonesty, integrity, and responsibility.
* Example in Professional Practice:
* A technologist mustreport a defective producteven if it harms their employer's reputation.
* Ethical theorieshelp justify this decisionby prioritizingpublic safety and professional integrity.
* Why Option D Is Correct:
* Ethical theoriesprovide a logical frameworkto align beliefs and actions.
* Why Other Options Are Incorrect:
* A (Connecting statements)- Ethical theoriesgo beyond linking concepts; theyguide real-world decisions.
* B (Relating ethics to reality)- Ethical theories arenot just practical tools; they arestructured principles.
* C (Defining concepts)- Ethical theories do more thandefine ethics; theyguide behavior.
Reference:
OACETT Code of Ethics - Ethical Decision-Making Frameworks
Ontario Professional Engineers Act - Application of Ethical Theories in Professional Conduct

NEW QUESTION # 80
What characteristics of a culture are captured in the values continuum of power distance?

A. Power distance captures a culture's system for organizing itself according to layers of socio-economic power.
B. Power distance captures a culture's attitudes towards authority, specifically how acceptable it is to demonstrate power and authority.
C. Power distance captures a culture's attitudes towards differences in wealth, specifically how acceptable it is to have large amounts of wealth.
D. Power distance captures a culture's attitudes towards the use of formal language in the public sphere versus the private sphere.

Answer: B

Explanation:
1. What is Power Distance in Culture?
* Power distance refers to how a society views the distribution of power and authority among its members.
* It explains whether people in a culture accept hierarchical relationships (high power distance) or prefer equality (low power distance).
2. Examples of High vs. Low Power Distance Cultures:
#High Power Distance# People accept strong authority figures, formal hierarchy.
* Example:China, Russia, Middle Eastern countries.
#Low Power Distance# People challenge authority, prefer equality in workplace relationships.
* Example:Canada, Denmark, Netherlands.
3. Why Option B is Correct:
* Power distance measures how acceptable it is for power and authority to be demonstrated within a culture.
4. Why Other Options Are Incorrect:
* A (Attitudes towards wealth differences)- Incorrect; power distanceis about authority, not wealth.
* C (Formal vs. informal language)- Incorrect; this relates tocommunication styles, not power distance.
* D (Socio-economic power systems)- Incorrect; power distancefocuses on authority relationships, not class structure.
Reference:
Hofstede's Cultural Dimensions Theory - Power Distance in Workplace Cultures OACETT Professional Practice Guidelines - Cross-Cultural Competence for Engineers & Technologists

NEW QUESTION # 81
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