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OACETT Internationally Educated Professional Practice Sample Questions:

1. What is a widely-held corporation?

A) One whose share can be bought and sold on a designated stock exchange.
B) One whose shares are not available for purchase by the general public.
C) One that has few shareholders.
D) One that has many shareholders.

2. What does a surety generally pay the owner if the contractor fails to execute the contract?

A) A guarantee of 75% of full payment for all losses regardless of the cost
B) A guarantee of full payment for all losses regardless of the cost
C) The financial costs for calling for new tenders and the associated delay
D) The estimated project value minus the cost of the bid bond

3. What are the four requirements for certification as an OACETT member?

A) Good character, 18 years of age or older, ordinarily a resident or employed in Ontario, meeting the criteria established in the OACETT By-law and RPPC Terms of Reference.
B) Good character, 21 years of age or older, college graduate, Canadian citizen.
C) Good character, 18 years of age or older, college graduate, meeting the criteria established in the OACETT By-law and RPPC Terms of Reference.
D) Good character, 21 years of age or older, college graduate, meeting the criteria in the OACETT By-law and the RPPC Terms of Reference.

4. What is gross negligence?

A) When someone's behavior is rude and inappropriate
B) When someone's behavior is deemed immature and offensive
C) When someone's behavior leaves others feeling ill or disgusted
D) When someone's behavior is very far from what would normally be expected and accepted

5. What is repudiation of a contract?

A) A statement by one of the contracting parties that the contract is illegal and is therefore cancelled.
B) A statement by one of the contracting parties that the performance of the other is unsatisfactory and so they are suing for damages.
C) 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.
D) A statement by one of the contracting parties that they do not intend to perform as promised.

Solutions: