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OACETT Internationally Educated Professional Practice Exam Sample Questions (Q104-Q109):
NEW QUESTION # 104
What is a bid deposit?
Answer: A
Explanation:
1. What is a Bid Deposit?
* Abid deposit (also called a bid bond)is afinancial guarantee that ensures a contractor will follow through if awarded a project.
* Itprotects the project owner (client) from financial losses if the bidder fails to sign the contract or complete the work.
2. Why Are Bid Deposits Required?
* Discourages bidders from backing outafter submitting a proposal.
* Ensures thatonly serious, financially stable bidders participate.
* If the winning bidderfails to fulfill their obligations, the bid deposit is forfeitedto compensate the project owner.
3. Why Option A is Correct:
* Theprimary purpose of a bid deposit is to guarantee that the bidder will honor their bid if selected
.
4. Why Other Options Are Incorrect:
* B (Ensures fair consideration)- Incorrect;bids are evaluated based on merit, not bid deposits.
* C (Indicates a serious bid)- While true,the key purpose is financial assurance, not just seriousness.
* D (Covers evaluation costs)- Incorrect;bid deposits do not pay for the evaluation process.
Reference:
Ontario Public Procurement Guidelines - Use of Bid Deposits & Bonds
Canadian Construction Documents Committee (CCDC) - Rules on Bid Deposits
NEW QUESTION # 105
What is one responsibility of the employer under the Occupational Health and Safety Act (OHSA)?
Answer: A
Explanation:
Under Ontario'sOccupational Health and Safety Act (OHSA), employersmust ensure a safe workplaceby providing information, instruction, and supervisionto workers.
Step-by-Step Explanation:
* Employer Responsibilities Under OHSA:
* Provide training & supervisionto ensure safe work.
* Identify workplace hazardsand take steps to minimize risks.
* Ensure compliance with safety laws and WHMIS standards.
* Why Option A Is Correct:
* Employersmust train and instruct workersto ensure safety.
* Why Other Options Are Incorrect:
* B (External consultants as supervisors)- Not required by law.
* C (Take every precaution regardless of cost)-Safety measures must be reasonablebut not unlimited.
* D (Take sole responsibility for safety)- Safety isa shared responsibility with workers.
Reference:
Ontario Occupational Health & Safety Act - Employer Duties
OACETT Workplace Safety Best Practices
NEW QUESTION # 106
What is the purpose of using a process or approach for solving ethical problems?
Answer: C
Explanation:
Ethical decision-makingrequires a structured approachto balancelogic, analysis, and ethical creativity.
Step-by-Step Breakdown:
1. Why a Structured Ethical Process is Necessary:
* Ensuresconsistency and fairnessin decision-making.
* Allows professionals toevaluate multiple factors, including legal, technical, and moral considerations.
2. What Does an Ethical Decision-Making Process Include?
* Identify the problem.
* Gather relevant information.
* Analyze possible solutions.
* Evaluate consequences for all stakeholders.
* Make a decision based on ethical principles.
3. Why Option D Is Correct:
* Combines analytical skills and ethical creativity to solve complex problems.
* Encourages professionals to think beyond rigid rules and apply ethical reasoning.
4. Why Other Options Are Incorrect:
* A (Providing disagreement resolution)- The goalis not to justify disagreementsbutto make sound ethical choices.
* B (Defending wrong decisions)- Ethical frameworksare proactive, not reactive.
* C (A crutch for weak decision-makers)- Ethical decision-makingis a skill, not a weakness.
Reference:
OACETT Code of Ethics - Ethical Decision-Making Processes
Ontario Business Ethics Guidelines - Importance of Structured Decision-Making
NEW QUESTION # 107
In a collectivism culture, how are decisions made?
Answer: D
NEW QUESTION # 108
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?
Answer: B
Explanation:
Apartnershipis theeasiest and lowest-cost wayfor two or more people to start a business together.
Step-by-Step Explanation:
* What Is a Partnership?
* A businessowned by two or more people.
* Lower setup coststhan a corporation.
* Profits and lossesare sharedbetween partners.
* Why a Partnership Works for Brown & Green:
* Theyshare expertise and investment.
* Less paperwork and fewer legal requirementsthan a corporation.
* Since they plan toretire in 10 years, a partnership offersflexibility without long-term obligations.
* Why Option C Is Correct:
* Requires minimal startup capital.
* Simple to set up and dissolve.
* Why Other Options Are Incorrect:
* A (Corporation)- More complex,higher startup costs, and strict regulations.
* B (Sole Proprietorship)-Only one owner allowed.
* D (Joint Venture)- Used forshort-term projects, not long-term businesses.
Reference:
Ontario Business Corporations Act - Partnership Laws
OACETT Business Guidelines for Engineers & Technologists
NEW QUESTION # 109
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