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OACETT Internationally Educated Professional Practice Sample Questions:

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

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

2. What is diversity as it applies to the workplace?

A) It is a measure of what percentage of various genders there are in the workplace.
B) It is a measure of how many different cultural groups are represented in the workplace.
C) It is a measure of how different or same employees are; the more different employees are, the more diversity there is.
D) It is an open and objective attitude towards difference, be it difference of opinion, language, culture, age, or beliefs.

3. Each workplace must have an Internal Responsibility System (IRS) in place to help keep employees safe. What are the three main levels of responsibility as dictated by the IRS?

A) The supervisor, the employee, and the client.
B) The employer, the supervisor, and the employee.
C) The employer, the employee, and the client.
D) The stakeholders, the supervisor, and the employee.

4. 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.
Which of the following is the best analysis of Alternative G1?

A) Alternative G1 would not be dealing with fairness, courtesy, and good faith to your client. This option would keep you out of trouble, be fair to your employer, and it cannot be done more equitably or diplomatically.
B) Alternative G1 is the most ethically acceptable. You would not jeopardize proprietary information belonging to your employer. You would not be contracted for the provision of services in competition with your employer. You would not be in a conflict of interest situation.
C) Alternative G1 is not ethically acceptable. You would jeopardize proprietary information belonging to your employer. You would be contracted for the provision of services in competition with your employer. You could be in a conflict of interest situation.
D) Alternative G1 is contractually and ethically correct especially in light of the conditions surrounding the offer.

5. What is repudiation of a contract?

A) A statement by one of the contracting parties that they are going to do business with a third party rather than the original contracting party.
B) A statement by one of the contracting parties that the contract is illegal and is therefore cancelled.
C) A statement by one of the contracting parties that they do not intend to perform as promised.
D) A statement by one of the contracting parties that the performance of the other is unsatisfactory and so they are suing for damages.

Solutions: