Omvic Automotive Test (Chapter 1-18) Questions And Answers

OMVIC AUTOMOTIVE TEST (CHAPTER 1-18) QUESTIONS AND ANSWERS 1. What is the primary legislation governing On- tario's retail automotive sector? (C1) 2. Which body or agency enforces MVDA? (C1) a) Ministry of Government and Consumer Ser- vices b) TADA c) OMVIC d) Automotive Business School of Canada MVDA c) OMVIC 3. List three functions carried out by OMVIC (C1). - Administers and en- forces the MVDA - Inspects dealers - Maintains a complaint line for consumers - Conducts investiga- tions - Conducts disciplinary hearings - Conducts prosecu- tions - Administers the com- pensation fund 4. How many people compose OMVIC's board of directors? Of these, how many represent the industry and how many represent consumers? (C1) 5. Briefly explain the "Transaction Fee Program" (C1). 12 in total, 9 dealers and 3 consumer reps Under the transaction fee program, dealers are required to remit $10 for each vehicle sold or leased (includ- ing fleet and "as is" transactions) to OMVIC. These funds are remit- ted annually with the 6. True or False: Under the Transaction Fee Pro- gram, the dealers are required to remit $10 (to OMVIC) for each retail vehicle sold or leased. (C1) 7. T or F: the fee can be passed on to the consumer (C1) 8. What is OMVIC required to make available to the public? (C1) a) A dealers name, address and phone number b) a salespersons name c) any proposal to refuse to renew, suspend or revoke the registration of a dealer or salesper- son d) all of the above 9. Should OMVIC determine a dealers advertising to be false or misleading what powers do they have to stop or correct it? (C1) 10. If an order is used to stop or correct false adver- tising, for how long may the dealer need to seek OMVIC pre approval for future advertising? (C1) 11. List two possible situations which could result in OMVIC applying to a court to appoint a receiv- dealers registration re- newal fee. True True d) all of the above OMVIC may issue an order requiring the deal- er to cease publication and/or issue a retraction or correction. Up to two years This action might be taken: er and manager to assume temporary control of - If there has been an a dealership. (C1) investigation - If the dealership is about to fall - If OMVIC is proposing to revoke a registration - If a freeze order is about to be made