OMVIC

OMVIC CHAPTER 16 EXAM QUESTIONS AND ANSWERS 2024 GUARANTEED A+ A(n) _____ is a basic haircut, cut at a 90-degree elevation and then overdirected to maintain length and weight at the perimeter. Select one: a. blunt cut b. angled cut c. long-layered cut d. graduated cut - long-layered cut Elevation creates graduation and layers, and is usually described in _____. Select one: a. sections b. degrees c. lines d. metrics - degrees Reference points in a haircut are used to es...

OMVIC CHAPTER 13 EXAM WITH CORRECT ANSWERS Not all customers are consumers, but all consumers are customers." Explain the difference between a consumer and a customer. - A customer may be an individual acting for personal, family or household purposes, an individual acting for business purposes (such as a sole proprietor) or a corporation. A "consumer" also buys, leases or receives services from a dealer. However, a consumer is someone acting for personal, family or household ...

OMVIC CHAPTER 9 EXAM QUESTIONS AND ANSWERS GRADED A Extended warranties must be backed or guaranteed financially to ensure their viability. List two methods by which this backing can be provided. - The seller of the warranty has provided security to the Compensation Fund (for the extended warranties that it supplies) in the form of an irrevocable letter of credit in the following amounts: If a dealer wishes to offer their own uninsured extended warranty, theymust provide to the C...

OMVIC CHAPTER 5 EXAM QUESTIONS AND ANSWERS 2024 GRADED A List three "previous uses of a vehicle" dealers must disclose. - Taxi, Limo, Police vehicle... List three types of incident damage that must be disclosed. - Fire, Flood, Collision damage more than $3000 True or False: Dealer A buys from a daily rental company a car previously used in the rental fleet. Dealer A then sells the car (giving full disclosure of the car's history as a daily rental) to a consumer who buys it for...

OMVIC CHAPTER 4 EXAM QUESTIONS AND ANSWERS GRADED A On a purchase contract, what must be printed in 14 pt. bold font next to the buyer's signature? - Sales final List four items that must be in a contract for the sale of a new vehicle. - -Salesperson's name and registration number -Date of sale and date of delivery, -Vehicle identification number (VIN), if known, Make, model, model year and trim level of vehicle If a dealer does not have a specific new vehicle in stock, but w...

OMVIC CHAPTER 3 EXAM QUESTIONS AND ANSWERS True or False: Dealers may sell vehicles from any location, so long as they have registered a head office with OMVIC. - False List two requirements for a dealer's premises. - Have a business office large enough to store records securely. Have a clearly visible sign identifying registered name. Be approved for use as a dealership by municipality. The MVDA specifies the records a dealer must maintain. The records must be kept for at lea...

OMVIC CHAPTER 1-18 EXAM QUESTIONS AND ANSWERS GRADED A 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 Fun...

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 ...

What is the primary legislation governing Ontario's retail automotive sector? - ANSWER MVDA Which body or agency enforces MVDA? - ANSWER OMVIC How many people compose OMVIC's board of directors? - ANSWER 12 in total, 9 dealers and 3 consumer reps What is the "transaction fee program"? - ANSWER under the transaction fee program, dealers are required to remit $10 for each vehicle sold or leased to OMVIC. These funds are remitted annually with the dealers registration renewal fee. T or ...

The Motor Vehicle Dealers Act: The primary legislation governing Ontario's retail automotive sector. OMVIC enforces the: Motor Vehicle Dealers Act. OMVIC caries out: - the inspection of dealers - maintains a complaint line for customers - conducts investigations - administers and enforces the MVDA 2002 - conducts disciplinary hearings - conducts prosecutions - administers the compensation fund How many people compose OMVIC’s board of directors? 12 - 9 Dealers & 3 Consu...