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OACETT Internationally Educated Professional Practice Exam IEPPE Prüfungsfragen mit Lösungen (Q53-Q58):
53. Frage
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 corporation, because they can declare dividends, sell some of their shares, and/or pay themselves a salary.
- B. A sole proprietorship, because they can declare dividends, sell some of their shares, and/or pay themselves a salary.
- C. A partnership, because they can declare dividends, sell some of their shares, and/or pay themselves a salary.
- D. A joint venture of two sole proprietorships, because they can declare dividends, sell some of their shares, and/or pay themselves a salary.
Antwort: A
Begründung:
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* Profits can be withdrawn as dividends or salaries.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
54. Frage
Which of the following is true according to the OACETT Code of Ethics?
- A. Technologists and technicians have an obligation to attend the professional development specified by their employers.
- B. Technologists and technicians have an obligation to maintain proficiency and competence in their fields.
- C. Technologists and technicians must fulfill at least ten hours of professional development per year.
- D. Technologists and technicians must stay at the cutting edge of developments in their fields.
Antwort: B
Begründung:
Engineering technologists and technicians have a professional duty to maintain their competence and keep their knowledge up to date.
Step-by-Step Explanation:
* Why Continuous Learning Matters:
* Technologyevolves rapidly; professionals muststay informed about best practices.
* This ensurespublic safety, efficiency, and ethical responsibility.
* How OACETT Ensures Competency:
* The OACETTCode of Ethicsstates that membersmust continue professional development.
* Some employersrequire ongoing educationto ensure compliance with regulations.
* Why Option C Is Correct:
* Maintaining competence isan ethical duty for professionalsunder OACETT regulations.
* Why Other Options Are Incorrect:
* A (Mandatory 10 hours of PD per year)- While recommended,OACETT does not specify an exact number.
* B (Employers dictate professional development)-Professional organizations, not employers, define ethical obligations.
* D (Cutting-edge knowledge required)- Staying current is encouraged, butnot all professionals need to work on the latest technology.
Reference:
OACETT Code of Ethics - Professional Competence & Continuing Education
Ontario Labour Standards - Professional Licensing & Certification
55. Frage
What should a technology professional who becomes aware of a work-related unacceptable hazard to the public or the environment do?
- A. Notify the appropriate regulatory authorities, having first exhausted all reasonable attempts to remedy the situation through internal means.
- B. Ensure that they would not be found responsible for the hazard.
- C. Seek out and obtain liability insurance if they do not already have such insurance.
- D. Immediately disassociate themselves from the project.
Antwort: A
Begründung:
Technology professionals have anethical and legal obligationtoreport workplace hazardsthat could endangerpublic safety or the environment.
Step-by-Step Explanation:
* Duty to Protect Public & Environmental Safety:
* Engineers and technologistsmust act in the public interest, even if it conflicts with employer directives.
* Example: ACET working on a pipeline project discovers an environmental contamination risk.
* First step- Raise concerns internally.
* If unresolved- Report to external regulators (e.g., Ministry of Environment).
* Why Option D Is Correct:
* Thebest course of actionis tofirst attempt to resolve the issue internally.
* If management ignores concerns,report to regulatory authorities(e.g., Ontario Ministry of Labour).
* Why Other Options Are Incorrect:
* A (Get liability insurance)- Protecting oneself financiallydoes not solve the safety issue.
* B (Avoid responsibility)-Ethical duty requires taking action, not avoiding blame.
* C (Disassociate from the project)-Quitting does not prevent harm; reporting does.
Reference:
OACETT Code of Ethics - Public Welfare Clause
Ontario Occupational Health and Safety Act - Whistleblower Protections
56. Frage
What is the main purpose of an ethical theory?
- A. To systematically connect our factual statements, our conceptual statements, and our moral statements.
- B. To systematically define the concepts related to our ethical beliefs.
- C. To systematically relate our ethics to the practical realities that we experience on a daily basis.
- D. To systematically link our beliefs to one another by means of a set of coherent principles in order to have consistent ethical beliefs.
Antwort: D
Begründung:
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
57. Frage
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, it is bad business practice to change the form in which a business is being operated as it creates confusion among clients and suppliers.
- 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, there is no justification for starting up with one business form and converting to another form because it is too expensive.
Antwort: C
Begründung:
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
58. Frage
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