OMVIC Automotive Test (Chapter 1-18) Questions with Correct Answers
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Course
Omvic
Institution
Omvic
What is the primary legislation governing Ontario's retail automotive sector? (C1) Correct Answer-MVDA
Which body or agency enforces MVDA? (C1)
a) Ministry of Government and Consumer Services
b) TADA
c) OMVIC
d) Automotive Business School of Canada Correct Answer-c) OMVIC
List three funct...
OMVIC Automotive Test (Chapter 1-18) Questions with
Correct Answers
What is the primary legislation governing Ontario's retail automotive
sector? (C1) Correct Answer-MVDA
Which body or agency enforces MVDA? (C1)
a) Ministry of Government and Consumer Services
b) TADA
c) OMVIC
d) Automotive Business School of Canada Correct Answer-c) OMVIC
List three functions carried out by OMVIC (C1). Correct Answer--
Administers and enforces the MVDA
- Inspects dealers
- Maintains a complaint line for consumers
- Conducts investigations
- Conducts disciplinary hearings
- Conducts prosecutions
- Administers the compensation fund
How many people compose OMVIC's board of directors? Of these, how
many represent the industry and how many represent consumers? (C1)
Correct Answer-12 in total, 9 dealers and 3 consumer reps
,Briefly explain the "Transaction Fee Program" (C1). Correct Answer-
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 dealers registration
renewal fee.
True or False: Under the Transaction Fee Program, the dealers are
required to remit $10 (to OMVIC) for each retail vehicle sold or leased.
(C1) Correct Answer-True
T or F: the fee can be passed on to the consumer (C1) Correct Answer-
True
What is OMVIC required to make available to the public? (C1)
a) A dealers name, address and phone number
b) a salespersons name
c) any proposal to refuse to renew, suspend or revoke the registration of
a dealer or salesperson
d) all of the above Correct Answer-d) all of the above
Should OMVIC determine a dealers advertising to be false or misleading
what powers do they have to stop or correct it? (C1) Correct Answer-
OMVIC may issue an order requiring the dealer to cease publication
and/or issue a retraction or correction.
, If an order is used to stop or correct false advertising, for how long may
the dealer need to seek OMVIC pre approval for future advertising? (C1)
Correct Answer-Up to two years
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. (C1) Correct Answer-This action might be taken:
- If there has been an investigation
- If the dealership is about to fall
- If OMVIC is proposing to revoke a registration
- If a freeze order is about to be made
What is the minimum age requirement to become a dealer? (C2) Correct
Answer-18
List three requirements that must be met when applying to become a
salesperson.(C2) Correct Answer-- Complete/pass certification course
- Pay fee
- Be employed or retained by a registered dealer to act as a salesperson.
True or False: All dealer and salesperson applicants undergo a Canada-
wide criminal record search as part of the application screening process.
(C2) Correct Answer-True
Which of the following must be registered with OMVIC?(C2)
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