OMVIC Final Exam | All Chapters with verified Answers Latest 2024/2025.
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Course
OMVIC
Institution
OMVIC
Ch.1 - If an order is used to stop or correct false advertising, for how long may the dealer need to seek OMVIC's pre-approval for future advertising? Up to two years
see 1.09
Ch.1 - List three functions carried out by OMVIC. Any three of the following:
- Administers and enforces the MVD...
OMVIC Final Exam | All Chapters with
verified Answers 2024/2025.
Ch.1 - If an order is used to stop or correct false advertising, for how
long may the dealer need to seek OMVIC's pre-approval for future
advertising? Up to two years
see 1.09
Ch.1 - List three functions carried out by OMVIC. Any three of the
following:
- Administers and enforces the MVDA
- Inspects dealers
- Maintains a complaint line for consumers
- Conducts investigations
- Conducts disciplinary hearings
-Conducts prosecutions
- Administers the Compensation Fund
see 1.07
,Ch.1 - 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. This action might be taken:
- If there has been an investigation
- If the dealership is about to fail
- If OMVIC is proposing to revoke a registration
- If a freeze order is about to be made
see 1.10
Ch.1 - What is the primary legislation governing Ontario's retail
automotive sector? The Motor Vehicle Dealers Act, 2002
see 1.04
Ch.1 - Which body or agency enforces the MVDA?
a. Ministry of Government and Consumer Services
b. TADA
c. OMVIC
d. Automotive Business School of Canada c. OMVIC
see 1.04
,Ch.1 - How many people compose OMVIC's Board of Directors? Of
these, how many represent the industry and how many represent the
consumers? Twelve total, nine dealers and three consumer reps
see 1.07
Ch.1 - Briefly explain the "Transaction Fee Program." 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 dealer's registration
renewal fee.
see 1.08
Ch.1 - True of False: Under the Transaction Fee Program, dealers are
required to remit $10 (to OMVIC) for each retail vehicle sold or leased.
True
see 1.08
Ch.1 - True or False: The transaction fee can be passed along to the
customer. True
, see 1.08
Ch.1 - What information is OMVIC required to make available to the
public?
a. A dealer's business name, address and phone number
b. A Salesperson's name
c. Any proposal to refuse to renew, suspend or revoke the registration
of a dealer or a salesperson
d. All of the above d. All of the above
see 1.12
Ch.1 - Should OMVIC determine a dealer's 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 retractions or correction.
see 1.12
Ch.2 - What is the minimum age requirement to become a dealer?
18
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