Latest IEPPE Braindumps & IEPPE Latest Exam Question
Latest IEPPE Braindumps & IEPPE Latest Exam Question
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OACETT Internationally Educated Professional Practice Exam Sample Questions (Q127-Q132):
NEW QUESTION # 127
What is a basic strategy that can be used to help eliminate or mitigate health and safety hazards in the workplace?
- A. Ensuring that all employees have access to a family doctor.
- B. Train employees to monitor their own health on a daily basis.
- C. Train employees to complete a daily workplace health and safety checklist.
- D. Train employees to inspect and maintain all of the equipment that they use.
Answer: D
Explanation:
1. Why Workplace Safety is Critical
* Workplace accidents can lead toinjuries, lawsuits, and financial losses.
* Employers are legally required underOntario's Occupational Health and Safety Act (OHSA)to ensure a safe work environment.
2. Effective Strategies to Reduce Workplace Hazards
* Training employees to inspect and maintain equipmentreduces the risk of malfunctions and accidents.
* Ensuring proper safety procedures are followedprevents injuries.
* Using safety checklists and regular maintenance scheduleshelps keep workplaces compliant with OHSA standards.
3. Why Option D is Correct:
* Regular inspection and maintenance of equipment is one of the best ways to prevent workplace hazards.
4. Why Other Options Are Incorrect:
* A (Access to a family doctor)- Important for overall health, butdoes not directly eliminate workplace hazards.
* B (Self-monitoring health)- Employees should report health issues, butthis does not eliminate external safety hazards.
* C (Checklists alone are not enough)- Checklistshelp, butphysical maintenance and inspections are more effective.
Reference:
Ontario Occupational Health and Safety Act (OHSA) - Employer and Employee Safety Responsibilities
NEW QUESTION # 128
What does a surety generally pay the owner if the contractor fails to execute the contract?
- A. The financial costs for calling for new tenders and the associated delay
- B. The estimated project value minus the cost of the bid bond
- C. A guarantee of 75% of full payment for all losses regardless of the cost
- D. A guarantee of full payment for all losses regardless of the cost
Answer: A
Explanation:
Asurety bondis a financial guarantee that ensures a contractorfulfills their contractual obligations. If the contractorfails to complete the project, thesurety pays for the costs of re-tendering and delays.
Step-by-Step Explanation:
* Definition of a Surety Bond:
* Athird-party financial guaranteeensuring contract completion.
* If a contractordefaults, the surety compensates the owner forre-tendering and delays.
* Why Option B Is Correct:
* Thesurety does not cover full project costsbutpays for financial losses due to delays.
* Why Other Options Are Incorrect:
* A (Full payment for all losses)- Suretydoesn't pay unlimited amounts.
* C (75% of costs covered)- Nofixed percentage applies.
* D (Project value minus bid bond)- The surety coversactual financial damages, not fixed amounts.
Reference:
Ontario Surety Association - Surety Bonding Principles
OACETT Professional Practice Guidelines - Financial Responsibilities in Contracts
NEW QUESTION # 129
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.
Once the business is running and profitable, which business form facilitates getting money out of the business while maintaining the business as a going concern?
- A. A partnership, because they can declare dividends, sell some of their shares, and/or pay themselves a salary.
- B. A corporation, because they can declare dividends, sell some of their shares, and/or pay themselves a salary.
- C. A joint venture of two sole proprietorships, because they can declare dividends, sell some of their shares, and/or pay themselves a salary.
- D. A sole proprietorship, because they can declare dividends, sell some of their shares, and/or pay themselves a salary.
Answer: B
Explanation:
Acorporationoffers the best flexibility forwithdrawing profits while keeping the business stable.
Step-by-Step Explanation:
* Ways to Withdraw Money from a Business:
* Salary- Owners canpay themselves wagesas employees.
* Dividends- Corporations candistribute profits to shareholderswithout affecting operations.
* Selling Shares- Owners cansell shares to raise personal funds.
* Why a Corporation is the Best Choice:
* Allows selling shares without disrupting business operations.
* Offers tax advantagesfor business owners.
* Profits can be withdrawn as dividends or salaries.
* Why Option B Is Correct:
* Corporations provide multiple ways to withdraw profits without affecting the company's stability.
* Why Other Options Are Incorrect:
* A (Partnerships)- Cannot sell shares; mustdissolve the business to withdraw capital.
* C (Sole Proprietorships)-Cannot sell shares or pay dividends.
* D (Joint Venture)-Temporary business structure; not designed for long-term profitability.
Reference:
Ontario Business Corporations Act - Shareholder Rights & Dividends
OACETT Business & Financial Guidelines
NEW QUESTION # 130
What is an injunction?
- A. An awards payment for damages in a breach of contract
- B. A court order when monetary damages are deemed to be inadequate
- C. A court order that restrains or prohibits a party from the performance of an act
- D. A punishment for a party in breach of contract
Answer: C
Explanation:
Aninjunctionis acourt order that prevents a party from engaging in specific actionsto prevent harm or enforce fairness.
Step-by-Step Explanation:
* Definition of Injunction:
* Used whenmonetary damages are not enoughto stop wrongdoing.
* Can betemporary or permanent.
* Types of Injunctions:
* Prohibitory- Stops someone fromdoing something harmful.
* Mandatory-Forces someone to take a specific action.
* Example:
* A courtblocks a company from demolishing a historic buildingdue to preservation laws.
* Why Option D Is Correct:
* Aninjunction is a preventive court order, not a financial penalty.
* Why Other Options Are Incorrect:
* A (Court order when damages are inadequate)- True, but too broad.
* B (Award of damages)- Injunctionsdo not involve financial compensation.
* C (Punishment)- Injunctionsprevent harm, not punish parties.
Reference:
Ontario Civil Remedies Act - Injunction Laws
OACETT Ethics - Ethical Conduct in Legal Disputes
NEW QUESTION # 131
What is specific performance?
- A. A declaration by one of the parties that they do not intend to perform as promised
- B. A statement by one party that they will be changing part of their performance not specified in the contract
- C. When the contract is significantly completed and payment can be requested
- D. When the court orders the party causing a breach of contract to perform the promises included inthe contract
Answer: D
Explanation:
Specific performanceis a legal remedy where a courtorders a party to fulfill their contractual obligations when monetary compensation is inadequate.
Step-by-Step Explanation:
* Definition of Specific Performance:
* Used whendamages are not enough to compensate for a breach.
* Most common inreal estate and unique contract disputes.
* Example:
* If aseller refuses to transfer property after a buyer has paid, the courtcan order them to complete the sale.
* Why Option A Is Correct:
* It is acourt-ordered fulfillmentof contractual duties.
* Why Other Options Are Incorrect:
* B (Refusal to perform)- Describesrepudiation, not specific performance.
* C (Contract completion and payment)- Applies tocontract execution, not enforcement.
* D (Changing contract terms)- Deals withmodification, not enforcement.
Reference:
Ontario Contract Law - Specific Performance Cases
OACETT Professional Standards - Legal and Contractual Responsibilities
NEW QUESTION # 132
......
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