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OACETT Internationally Educated Professional Practice Sample Questions:

1. What is a by-law?

A) A law with limited application that regulates how an organization is to be operated.
B) A law that has wider application than an Act.
C) A law that precedes an Act and defines the process by which the Act is to be written.
D) A law with limited application that defines the circumstances under which an Act is relevant or not.

2. What is PLAR?

A) Prior Learning Assessment Recognition.
B) Past Learning Assessment Review.
C) Past Learning Academic Review.
D) Prior Learning Academic Review.

3. A Corporation may raise funds through the issue of equity securities. Which one of the following is an equity security?

A) Preferred shares
B) Corporate bonds
C) Debentures
D) Notes

4. What is a bid deposit?

A) It is a specified amount of money submitted with a bid to ensure that the bid receives fair consideration from the tenderer.
B) It is a specified amount of money submitted with a bid to ensure that the tenderer's evaluation costs are covered.
C) It is a specified amount of money submitted with a bid to indicate that it is a serious bid.
D) It is a specified amount of money submitted with the bid to make sure the bidder will honor their bid if it is selected.

5. What is a good analogy for a professional organization's Code of Ethics?

A) The unwritten rules for belonging to the profession.
B) The secret code for communicating in the profession.
C) The secret handshake for the professionals.
D) The rules of the game for the profession.

Solutions: