OMVIC AUTOMATIVE TEST (CHAPTER 1-18)
QUESTIONS WITH A 100% CORRECT ANSWERS
What is the primary legislation governing Ontario's retail automotive sector?
- ✔✔Moter Vehicle Dealers Act, 2002
Which body or agency enforces MVDA? - ✔✔OMVIC
List Three Functions carried out by OMVIC - ✔✔1) Administers and
enforces the MVDA
2) Inspects dealers
3)Maintains a complaint line for consumers
4) Conducts investigations
5) Conducts disciplinary hearings
6) Conducts prosecutions
7) Administers the Compensation Fund
How many people compose OMVICS board of directors? How many
dealers ? How many consumers? - ✔✔12 total
9 dealer
3 consumer
, Briefly explain the "Transactional Fee Program" - ✔✔Under the
transaction fee program , dealer are required to remit $10 for each vehicle
sold or leased (included fleet and "as is" transactions ) to OMVIC. These
funds are remitted annually with the dealers registration renewal fee.
True or False: The transaction fee can be passed along to the customer? -
✔✔True
True or False: Under the Transaction Fee Program, dealers are required to
remit $10 (to OMVIC) for each retail vehicle sold or leased? - ✔✔True
What information is OMVIC required to make available to the public? -
✔✔1) A dealer's business name, address and phone number
2) A salespersons name
3) Any proposal to refuse to renew, suspend or revoke the registration of a
dealer or salesperson
Should OMVIC determine a dealers advertising to be false or misleading,
what powers does OMVIC have to stop or correct it? - ✔✔OMVIC may
issue an order requiring the dealer to cease publication and/or issue a
retraction or correction
QUESTIONS WITH A 100% CORRECT ANSWERS
What is the primary legislation governing Ontario's retail automotive sector?
- ✔✔Moter Vehicle Dealers Act, 2002
Which body or agency enforces MVDA? - ✔✔OMVIC
List Three Functions carried out by OMVIC - ✔✔1) Administers and
enforces the MVDA
2) Inspects dealers
3)Maintains a complaint line for consumers
4) Conducts investigations
5) Conducts disciplinary hearings
6) Conducts prosecutions
7) Administers the Compensation Fund
How many people compose OMVICS board of directors? How many
dealers ? How many consumers? - ✔✔12 total
9 dealer
3 consumer
, Briefly explain the "Transactional Fee Program" - ✔✔Under the
transaction fee program , dealer are required to remit $10 for each vehicle
sold or leased (included fleet and "as is" transactions ) to OMVIC. These
funds are remitted annually with the dealers registration renewal fee.
True or False: The transaction fee can be passed along to the customer? -
✔✔True
True or False: Under the Transaction Fee Program, dealers are required to
remit $10 (to OMVIC) for each retail vehicle sold or leased? - ✔✔True
What information is OMVIC required to make available to the public? -
✔✔1) A dealer's business name, address and phone number
2) A salespersons name
3) Any proposal to refuse to renew, suspend or revoke the registration of a
dealer or salesperson
Should OMVIC determine a dealers advertising to be false or misleading,
what powers does OMVIC have to stop or correct it? - ✔✔OMVIC may
issue an order requiring the dealer to cease publication and/or issue a
retraction or correction
