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OACETT Internationally Educated Professional Practice Sample Questions:

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

A) The estimated project value minus the cost of the bid bond
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) A guarantee of 75% of full payment for all losses regardless of the cost

2. Which one of the following statements with respect to negligent misrepresentation is correct?

A) A contract that was entered into by inducement from misrepresentation is enforceable.
B) Misrepresentation rarely comes from the contract itself.
C) Misrepresentation is a false statement or conduct that induces a party to enter into a contract.
D) Misrepresentation occurs after a contract is in place.

3. 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) 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.
B) No, there is no justification for starting up with one business form and converting to another form because it is too expensive.
C) 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.
D) Yes, there is justification for starting up with one business and converting to another form because it provides the owners with interesting variety.

4. What is one thing that can be done to organize a safe workplace?

A) Limit the number of electrical cables and outlets to the bare minimum.
B) Distribute electrical outlets evenly around a room to avoid the clustering of electrical devices in one area of the room.
C) Secure electrical cables to the floor and run them along walls, rather than across open spaces, whenever possible.
D) Identify all possible health and safety hazards, including electrical cables, with fluorescent tape.

5. What are moral statements?

A) Statements that something is right or wrong.
B) Statements that are not controversial.
C) Statements that are conceptual.
D) Statements that are factual.

Solutions: