Georgian College Course Exam Questions And Answers (Verified And Updated)

Georgian College Course Exam Questions And Answers (Verified And Updated) What is the primary legislation governing Ontario's retail automotive sector? Какое основное законодательство управляет розничным автомобильным сектором в Онтарио? - answerThe Motor Vehicle Dealers Act, 2002 MVDA see 1.04 Which body or agency enforces the MVDA? - answerOMVIC see 1.04 List three functions carried out by OMVIC Перечислите три функции, выполняемые OMVIC - answerAny three of the following: • Administers and enforces the MVDA (Администрирует и обеспечивает соблюдение MVDA) • Inspects dealers • Maintains a complaint line for consumers (Поддерживает линию подачи жалоб потребителей) • Conducts investigations (Проводит расследования) • Conducts disciplinary hearings (Проводит дисциплинарные слушания) • Conducts prosecutions (Ведет судебные преследования) • Administers the Compensation Fund (Руководит фондом компенсации) see 1.07 How many people compose OMVIC's Board of Directors? Of these, how many represent the industry and how many represent consumers? Сколько людей составляет совет директоров OMVIC? Сколько из них представляют промышленность и сколько представляют потребителей? - answerTwelve total, nine dealers and three consumer reps 12 в общем 9 диллеров и 3 потребителей see 1.07 Briefly explain the "Transaction Fee Program." Кратко объясните "Стоимость программы транзакций." - answerUnder the transaction fee program, dealers are required to remit $5 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 True or False: Under the Transaction Fee Program, dealers will be required to remit $10 (to OMVIC) for each vehicle sold or leased. - answerFalse see 1.08 True or False: The transaction fee can be passed along to the customer. - answerTrue see 1.08 What information is OMVIC required to make available to the public? - answerd) see 1.12 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 salesperson d) All of the above Should OMVIC determine a dealer's advertising to be false or misleading, what powers does OMVIC have to stop or correct it? - answerOMVIC may issue an order requiring the dealer to cease publication and/or issue a retraction or correction. see 1.12 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? - answerUp to two years see 1.09 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 - answerThis 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 What is the minimum age requirement to become a dealer? - answer18 see 2.05 List three requirements that must be met when applying to become a salesperson. - answerThree requirements are: • Complete/pass certification course • Pay fee