OMVIC ALL exam questions with |\ |\ |\ |\ |\
answers
Ch.1 - What is the primary legislation governing Ontario's
|\ |\ |\ |\ |\ |\ |\ |\ |\
retail automotive sector? - CORRECT ANSWERS ✔✔The
|\ |\ |\ |\ |\ |\ |\
Motor Vehicle Dealers Act, 2002
|\ |\ |\ |\
see 1.04 |\
Ch.1 - Which body or agency enforces the MVDA?
|\ |\ |\ |\ |\ |\ |\ |\
a. Ministry of Government and Consumer Services
|\ |\ |\ |\ |\ |\
b. TADA
|\
c. OMVIC
|\
d. Automotive Business School of Canada - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔c. OMVIC |\ |\
see 1.04 |\
Ch.1 - List three functions carried out by OMVIC. -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔Any three of the following:
|\ |\ |\ |\ |\ |\
- Administers and enforces the MVDA
|\ |\ |\ |\ |\
,- Inspects dealers
|\ |\
- Maintains a complaint line for consumers
|\ |\ |\ |\ |\ |\
- Conducts investigations
|\ |\
- Conducts disciplinary hearings
|\ |\ |\
-Conducts prosecutions |\
- Administers the Compensation Fund
|\ |\ |\ |\
see 1.07 |\
Ch.1 - How many people compose OMVIC's Board of
|\ |\ |\ |\ |\ |\ |\ |\ |\
Directors? Of these, how many represent the industry and
|\ |\ |\ |\ |\ |\ |\ |\
how many represent the consumers? - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Twelve total, nine dealers and three
|\ |\ |\ |\ |\ |\ |\
consumer reps |\
see 1.07 |\
Ch.1 - Briefly explain the "Transaction Fee Program." -
|\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔Under the transaction fee
|\ |\ |\ |\ |\ |\
program, dealers are required to remit $10 for each
|\ |\ |\ |\ |\ |\ |\ |\ |\
vehicle sold or leased (including fleet and "as is"
|\ |\ |\ |\ |\ |\ |\ |\ |\
transactions) to OMVIC. These funds are remitted |\ |\ |\ |\ |\ |\ |\
annually with the dealer's registration renewal fee.
|\ |\ |\ |\ |\ |\
,see 1.08
|\
Ch.1 - True of False: Under the Transaction Fee Program,
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
dealers are required to remit $10 (to OMVIC) for each
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
retail vehicle sold or leased. - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\
✔✔True
see 1.08
|\
Ch.1 - True or False: The transaction fee can be passed
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
along to the customer. - CORRECT ANSWERS ✔✔True
|\ |\ |\ |\ |\ |\ |\
see 1.08
|\
Ch.1 - What information is OMVIC required to make
|\ |\ |\ |\ |\ |\ |\ |\ |\
available to the public? |\ |\ |\
a. A dealer's business name, address and phone number
|\ |\ |\ |\ |\ |\ |\ |\
b. A Salesperson's name
|\ |\ |\
c. Any proposal to refuse to renew, suspend or revoke the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
registration of a dealer or a salesperson |\ |\ |\ |\ |\ |\
d. All of the above - CORRECT ANSWERS ✔✔d. All of the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
above
, see 1.12 |\
Ch.1 - Should OMVIC determine a dealer's advertising to
|\ |\ |\ |\ |\ |\ |\ |\ |\
be false or misleading, what powers does OMVIC have to
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
stop or correct it? - CORRECT ANSWERS ✔✔OMVIC may
|\ |\ |\ |\ |\ |\ |\ |\ |\
issue an order requiring the dealer to cease publication
|\ |\ |\ |\ |\ |\ |\ |\ |\
and/or issue a retractions or correction.
|\ |\ |\ |\ |\
see 1.12 |\
Ch.1 - If an order is used to stop or correct false
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
advertising, for how long may the dealer need to seek |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
OMVIC's pre-approval for future advertising? - CORRECT
|\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Up to two years |\ |\ |\ |\
see 1.09 |\
Ch.1 - List two possible situations which could result in
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
OMVIC applying to a court to appoint a receiver and
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
manager to assume temporary control of a dealership. -
|\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔This action might be taken: |\ |\ |\ |\ |\ |\
- If there has been an investigation
|\ |\ |\ |\ |\ |\
- If the dealership is about to fail
|\ |\ |\ |\ |\ |\ |\
- If OMVIC is proposing to revoke a registration
|\ |\ |\ |\ |\ |\ |\ |\
- If a freeze order is about to be made
|\ |\ |\ |\ |\ |\ |\ |\ |\
answers
Ch.1 - What is the primary legislation governing Ontario's
|\ |\ |\ |\ |\ |\ |\ |\ |\
retail automotive sector? - CORRECT ANSWERS ✔✔The
|\ |\ |\ |\ |\ |\ |\
Motor Vehicle Dealers Act, 2002
|\ |\ |\ |\
see 1.04 |\
Ch.1 - Which body or agency enforces the MVDA?
|\ |\ |\ |\ |\ |\ |\ |\
a. Ministry of Government and Consumer Services
|\ |\ |\ |\ |\ |\
b. TADA
|\
c. OMVIC
|\
d. Automotive Business School of Canada - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔c. OMVIC |\ |\
see 1.04 |\
Ch.1 - List three functions carried out by OMVIC. -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔Any three of the following:
|\ |\ |\ |\ |\ |\
- Administers and enforces the MVDA
|\ |\ |\ |\ |\
,- Inspects dealers
|\ |\
- Maintains a complaint line for consumers
|\ |\ |\ |\ |\ |\
- Conducts investigations
|\ |\
- Conducts disciplinary hearings
|\ |\ |\
-Conducts prosecutions |\
- Administers the Compensation Fund
|\ |\ |\ |\
see 1.07 |\
Ch.1 - How many people compose OMVIC's Board of
|\ |\ |\ |\ |\ |\ |\ |\ |\
Directors? Of these, how many represent the industry and
|\ |\ |\ |\ |\ |\ |\ |\
how many represent the consumers? - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Twelve total, nine dealers and three
|\ |\ |\ |\ |\ |\ |\
consumer reps |\
see 1.07 |\
Ch.1 - Briefly explain the "Transaction Fee Program." -
|\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔Under the transaction fee
|\ |\ |\ |\ |\ |\
program, dealers are required to remit $10 for each
|\ |\ |\ |\ |\ |\ |\ |\ |\
vehicle sold or leased (including fleet and "as is"
|\ |\ |\ |\ |\ |\ |\ |\ |\
transactions) to OMVIC. These funds are remitted |\ |\ |\ |\ |\ |\ |\
annually with the dealer's registration renewal fee.
|\ |\ |\ |\ |\ |\
,see 1.08
|\
Ch.1 - True of False: Under the Transaction Fee Program,
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
dealers are required to remit $10 (to OMVIC) for each
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
retail vehicle sold or leased. - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\
✔✔True
see 1.08
|\
Ch.1 - True or False: The transaction fee can be passed
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
along to the customer. - CORRECT ANSWERS ✔✔True
|\ |\ |\ |\ |\ |\ |\
see 1.08
|\
Ch.1 - What information is OMVIC required to make
|\ |\ |\ |\ |\ |\ |\ |\ |\
available to the public? |\ |\ |\
a. A dealer's business name, address and phone number
|\ |\ |\ |\ |\ |\ |\ |\
b. A Salesperson's name
|\ |\ |\
c. Any proposal to refuse to renew, suspend or revoke the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
registration of a dealer or a salesperson |\ |\ |\ |\ |\ |\
d. All of the above - CORRECT ANSWERS ✔✔d. All of the
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
above
, see 1.12 |\
Ch.1 - Should OMVIC determine a dealer's advertising to
|\ |\ |\ |\ |\ |\ |\ |\ |\
be false or misleading, what powers does OMVIC have to
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
stop or correct it? - CORRECT ANSWERS ✔✔OMVIC may
|\ |\ |\ |\ |\ |\ |\ |\ |\
issue an order requiring the dealer to cease publication
|\ |\ |\ |\ |\ |\ |\ |\ |\
and/or issue a retractions or correction.
|\ |\ |\ |\ |\
see 1.12 |\
Ch.1 - If an order is used to stop or correct false
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
advertising, for how long may the dealer need to seek |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
OMVIC's pre-approval for future advertising? - CORRECT
|\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Up to two years |\ |\ |\ |\
see 1.09 |\
Ch.1 - List two possible situations which could result in
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
OMVIC applying to a court to appoint a receiver and
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
manager to assume temporary control of a dealership. -
|\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔This action might be taken: |\ |\ |\ |\ |\ |\
- If there has been an investigation
|\ |\ |\ |\ |\ |\
- If the dealership is about to fail
|\ |\ |\ |\ |\ |\ |\
- If OMVIC is proposing to revoke a registration
|\ |\ |\ |\ |\ |\ |\ |\
- If a freeze order is about to be made
|\ |\ |\ |\ |\ |\ |\ |\ |\
