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OMVIC AUTOMATIVE TEST (CHAPTER 1-18) QUESTIONS WITH A 100% CORRECT ANSWERS $12.49   Add to cart

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OMVIC AUTOMATIVE TEST (CHAPTER 1-18) QUESTIONS WITH A 100% CORRECT ANSWERS

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OMVIC AUTOMATIVE TEST (CHAPTER 1-18) QUESTIONS WITH A 100% CORRECT ANSWERS What is the primary legislation governing Ontario's retail automotive sector? - Moter Vehicle Dealers Act, 2002 Which body or agency enforces MVDA? - OMVIC List Three Functions carried out by OMVIC - 1) Administers ...

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  • April 15, 2024
  • 15
  • 2023/2024
  • Exam (elaborations)
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OMVIC AUTOMATIVE TEST (CHAPTER 1-18)

QUESTIONS WITH A 100% CORRECT ANSWERS




What is the primary legislation governing Ontario's retail automotive sector?

- ✔✔Moter Vehicle Dealers Act, 2002

Which body or agency enforces MVDA? - ✔✔OMVIC

List Three Functions carried out by OMVIC - ✔✔1) Administers and

enforces the MVDA

2) Inspects dealers

3)Maintains a complaint line for consumers

4) Conducts investigations

5) Conducts disciplinary hearings

6) Conducts prosecutions

7) Administers the Compensation Fund

How many people compose OMVICS board of directors? How many

dealers ? How many consumers? - ✔✔12 total

9 dealer

3 consumer

, Briefly explain the "Transactional Fee Program" - ✔✔Under the

transaction fee program , dealer are required to remit $10 for each vehicle

sold or leased (included fleet and "as is" transactions ) to OMVIC. These

funds are remitted annually with the dealers registration renewal fee.

True or False: The transaction fee can be passed along to the customer? -

✔✔True

True or False: Under the Transaction Fee Program, dealers are required to

remit $10 (to OMVIC) for each retail vehicle sold or leased? - ✔✔True

What information is OMVIC required to make available to the public? -

✔✔1) A dealer's business name, address and phone number



2) A salespersons name



3) Any proposal to refuse to renew, suspend or revoke the registration of a

dealer or salesperson

Should OMVIC determine a dealers 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

retraction or correction

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