Please choose the most correct answer:(C2)
In a large dealership, if the dealer principal delegates responsibility for ensuring
that salespersons are registered, this should be delegated to:
a) The Bookkeeper
b) The Salesperson
c) The Sales Manager
d) The Payroll Supervisor
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, c) The Sales Manager
What does the term "as is" mean? (C4)
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"As is": The vehicle is not represented as being in road worth condition,
mechanically sound or maintained at any guaranteed level of quality. The
vehicle may not be fit for use as a means of transportation and may require
substantial repairs at the buyers expense. It may not be possible to register
the vehicle to be driven in its current condition.
What is the minimum age requirement to become a dealer? (C2)
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18
Under the MVDA, a customer entitled to rescission has how long to request
cancellation? (C6)
a) 30 days
b) 90 days
c) 180 days
d) One year
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, b) 90 days
How much does each salesperson pay into the Fund? (C12)
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Nothing
Provide two potential facts related to a vehicles history (not including the examples
given in question 1) that must be disclosed in dealer-to-dealer sales and leases.
(C7)
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1. If the vehicle is a used motor vehicle, the total distance that it has been
driven if the dealer can determine the distance
2. If the vehicles odometer is broken or faulty, has been replaced, has been
rolled back or is in miles
In order for a remote storage location to be approved by OMVIC, which condition
must be met(C3)
a) The location has a security system
b) The location is always accessible to OMVIC staff during normal business hours
c) The location is in the same municipality as the dealers registered address
d) all of the above
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In a large dealership, if the dealer principal delegates responsibility for ensuring
that salespersons are registered, this should be delegated to:
a) The Bookkeeper
b) The Salesperson
c) The Sales Manager
d) The Payroll Supervisor
Give this one a try later!
, c) The Sales Manager
What does the term "as is" mean? (C4)
Give this one a try later!
"As is": The vehicle is not represented as being in road worth condition,
mechanically sound or maintained at any guaranteed level of quality. The
vehicle may not be fit for use as a means of transportation and may require
substantial repairs at the buyers expense. It may not be possible to register
the vehicle to be driven in its current condition.
What is the minimum age requirement to become a dealer? (C2)
Give this one a try later!
18
Under the MVDA, a customer entitled to rescission has how long to request
cancellation? (C6)
a) 30 days
b) 90 days
c) 180 days
d) One year
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, b) 90 days
How much does each salesperson pay into the Fund? (C12)
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Nothing
Provide two potential facts related to a vehicles history (not including the examples
given in question 1) that must be disclosed in dealer-to-dealer sales and leases.
(C7)
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1. If the vehicle is a used motor vehicle, the total distance that it has been
driven if the dealer can determine the distance
2. If the vehicles odometer is broken or faulty, has been replaced, has been
rolled back or is in miles
In order for a remote storage location to be approved by OMVIC, which condition
must be met(C3)
a) The location has a security system
b) The location is always accessible to OMVIC staff during normal business hours
c) The location is in the same municipality as the dealers registered address
d) all of the above
Give this one a try later!
