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OACETT IEPPE Exam Syllabus Topics:

OACETT Internationally Educated Professional Practice Sample Questions:

1. What are the two most common equitable remedies?

A) Accord and satisfaction
B) Frustration and accord
C) Specific performance and injunction
D) Non est factum and quantum meruit

2. What does "time-loss claim accepted" mean?

A) A fatal incident and claim that results in compensation to the employee's next of kin.
B) An incident and claim that measures and compensates for the length of days that employment is affected.
C) An incident and claim that is initially rejected but gets overturned and finally accepted.
D) An incident for which an employee is compensated for a loss of wages following a work-related injury or receives compensation for a permanent disability with or without any time lost in their employment.

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.
If Brown and Green had assets and needed to raise money for their new venture, which form of business might make it easier to obtain a bank loan?

A) A joint venture because they would not have to personally guarantee the loan.
B) A partnership because they would not have to personally guarantee the loan.
C) A corporation because they would not have to personally guarantee the loan.
D) Either a corporation or partnership as long as they personally guaranteed the new business loan; although generally, a corporation has more flexibility.

4. What is a Request for Qualification (RFQ)?

A) It is a call for vendor interest in completing all or part of upcoming projects.
B) It is a call for vendor information in order to rank vendors according to their suitability for upcoming projects.
C) It is a call for vendor information in order to generate a pool of qualified vendors for a project.
D) It is a call for vendor interest in being contacted in the event that a future project arises.

5. You are a member of OACETT, a principal in XYZ Company and also a member of a city council. The city council approves appropriations for projects undertaken by the city. One such project is an energy conservation project with a large potential reduction in energy costs. XYZ Company has established a good reputation in the energy conservation field. XYZ Company has submitted a proposal to the city council to provide services for this project under consideration.
The ethical issue involved in this case study is best described as involving:

A) Only accepting professional assignments that you are qualified to do.
B) Maintaining the confidentiality of company information.
C) Receiving adequate compensation for the performance of work.
D) Serving clients and employers to the best of your ability.

Solutions: