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Brown and Green have a concept for a new survey measuring instrument based on their many years in the Civil Survey field. They want to establish a business to raise capital, design,manufacture, and market this new instrument. Both Brown and Green are well established, are in their mid-50s, and have no family members who would be prepared to take over the business when they are ready to retire in about 10 years.
What form of business would the two entrepreneurs choose if they wanted the easiest and lowest-cost way to get it off the ground?
Brown and Green have a concept for a new survey measuring instrument based on their many years in the Civil Survey field. They want to establish a business to raise capital, design, manufacture, and market this new instrument. Both Brown and Green are well established, are in their mid-50s, and have no family members who would be prepared to take over the business when they are ready to retire in about 10 years.
If Brown and Green had assets and needed to raise money for their new venture, which form of business might make it easier to obtain a bank loan?
Brown and Green have a concept for a new survey measuring instrument based on their many years in the Civil Survey field. They want to establish a business to raise capital, design, manufacture, and market this new instrument. Both Brown and Green are well established, are in their mid-50s, and have no family members who would be prepared to take over the business when they are ready to retire in about 10 years.
Once the business is running and profitable, which business form facilitates getting money out of the business while maintaining the business as a going concern?
What characteristics of a culture are captured in the values continuum of power distance?
What is the Ontario Ministry of Northern Development, Mines, Natural Resources, and Forestry responsible for?
What is a basic strategy that can be used to help eliminate or mitigate health and safety hazards in the workplace?
Brown and Green have a concept for a new survey measuring instrument based on their many years in the Civil Survey field. They want to establish a business to raise capital, design, manufacture, and market this new instrument. Both Brown and Green are well established, are in their mid-50s, and have no family members who would be prepared to take over the business when they are ready to retire in about 10 years.
What form of business would they choose if they wanted to ensure their personal assets would be available when they are ready to retire?
What does a surety generally pay the owner if the contractor fails to execute the contract?
Mike is an OACETT C. Tech. He works for a municipal government in their infrastructure department. He is responsible for designing and approving the sewage and water management systems in new residential developments. Mike is currently revising the design for the sewage and water management system for a development that is six months behind schedule due to a series of worker and materials shortages. The developer is also experiencing severe financial pressures, as a result of cost over runs caused by the shortages. As he is revising the sewage and water management system designs, Mike notices a flaw in the water catchment system built around a small lake that is a key selling feature of the residential development. The design flaw means that, while the relevant standards are still met, in severe rainfall events the catchment system will be very susceptible to flooding. The flooding may in turn make the area dangerous for the residents using the park and recreational area around the lake. Mike brings this design flaw to the attention of his manager. His manager then schedules a meeting with the developer to discuss the design flaw. The developer indicates that the design cannot be changed due to budget constraints and existing commitments to the present design. Mike’s manager then communicates this to Mike. He directs Mike to stamp the designs. What should Mike do in this situation?
What can Mike do to avoid a similar situation in the future?
Alex is an OACETT C.E.T. He works at an IT company that completes unique software programming for industrial and medical tools and equipment. There was sample hardware in the office that Alex did not think the company needed. He took the hardware home to see if he could adapt it for a project he was working on for his own interest. He did not intend to make money off of the project; he simply wanted to see if an idea he had was feasible. The next week the company owner asked all employees about the whereabouts of the sample hardware. The company owner indicated that the hardware needed to be returned to the manufacturer and that the company would get charged for it if it was not returned. Alex did not say anything to the company owner about having taken the sample hardware. By this time, he had already disassembled it and used different parts in his own project. He was not able to put the sample hardware back together.
Alex still did not tell the company owner about the hardware. The company owner, suspecting that Alex had the hardware, filed a complaint with the OACETT Complaints Committee. What is Alex’s best next move in this situation?
(1 mark)
Alex is an OACETT C.E.T. He works at an IT company that completes unique softwareprogramming for industrial and medical tools and equipment. There was sample hardware in the office that Alex did not think the company needed. He took the hardware home to see if he could adapt it for a project he was working on for his own interest. He did not intend to make money off of the project; he simply wanted to see if an idea he had was feasible. The next week the company owner asked all employees about the whereabouts of the sample hardware. The company owner indicated that the hardware needed to be returned to the manufacturer and that the company would get charged for it if it was not returned. Alex did not say anything to the company owner about having taken the sample hardware. By this time, he had already disassembled it and used different parts in his own project. He was not able to put the sample hardware back together.
What minimum requirement do employers have of job candidates with respect to legislation, codes, and standards?
Alex is an OACETT C.E.T. He works at an IT company that completes unique software programming for industrial and medical tools and equipment. There was sample hardware in the office that Alex did not think the company needed. He took the hardware home to see if he could adapt it for a project he was working on for his own interest. He did not intend to make money off of the project; he simply wanted to see if an idea he had was feasible. The next week the company owner asked all employees about the whereabouts of the sample hardware. The company owner indicated that the hardware needed to be returned to the manufacturer and that the company would get charged for it if it was not returned. Alex did not say anything to the company owner about having taken the sample hardware. By this time, he had already disassembled it and used different parts in his own project. He was not able to put the sample hardware back together.
The company owner asked Alex directly whether he had taken the hardware. What should Alex do in this situation? (1 mark)
Mike is an OACETT C. Tech. He works for a municipal government in their infrastructure department. He is responsible for designing and approving the sewage and water management systems in new residential developments. Mike is currently revising the design for the sewage and water management system for a development that is six months behind schedule due to a series ofworker and materials shortages. The developer is also experiencing severe financial pressures, as a result of cost over runs caused by the shortages. As he is revising the sewage and water management system designs, Mike notices a flaw in the water catchment system built around a small lake that is a key selling feature of the residential development. The design flaw means that, while the relevant standards are still met, in severe rainfall events the catchment system will be very susceptible to flooding. The flooding may in turn make the area dangerous for the residents using the park and recreational area around the lake. Mike brings this design flaw to the attention of his manager. His manager then schedules a meeting with the developer to discuss the design flaw. The developer indicates that the design cannot be changed due to budget constraints and existing commitments to the present design. Mike’s manager then communicates this to Mike. He directs Mike to stamp the designs. What should Mike do in this situation?
What is the main issue with respect to professional practice in this case?
What does it mean to have a restrictive right under the OACETT Act to use the designation C.E.T.?
What is one possible action of the Discipline Committee when a member is found to be guilty of professional misconduct or incompetence?
You are a member of OACETT, a principal in XYZ Company and also a member of a city council. The city council approves appropriations for projects undertaken by the city. One such project is an energy conservation project with a large potential reduction in energy costs. XYZ Company has established a good reputation in the energy conservation field. XYZ Company has submitted a proposal to the city council to provide services for this project under consideration.
What is the first thing you should do in a situation where you have a conflict of interest as a professional?
You are a member of OACETT, a principal in XYZ Company and also a member of a city council. The city council approves appropriations for projects undertaken by the city. One such project is an energy conservation project with a large potential reduction in energy costs. XYZ Company has established a good reputation in the energy conservation field. XYZ Company has submitted a proposal to the city council to provide services for this project under consideration.
After reviewing the competitor’s project reports, you notice serious errors that may result in safety issues. Which OACETT Code of Ethics principle is most relevant to this situation?
You are a member of OACETT, a principal in XYZ Company and also a member of a city council. The city council approves appropriations for projects undertaken by the city. One such project is an energy conservation project with a large potential reduction in energy costs. XYZ Company has established a good reputation in the energy conservation field. XYZ Company has submitted a proposal to the city council to provide services for this project under consideration.
Which OACETT Code of Ethics principle is most relevant in a situation where an engineering technologist is both a principal in a private company and a member of a city council, which approves funding for projects?
You are a member of OACETT, a principal in XYZ Company and also a member of a city council. The city council approves appropriations for projects undertaken by the city. One such project is an energy conservation project with a large potential reduction in energy costs. XYZ Company has established a good reputation in the energy conservation field. XYZ Company has submitted a proposal to the city council to provide services for this project under consideration.
Six months after resigning from city council, you receive a call from a council member asking you to review a competitor’s project documents for free. What OACETT Code of Ethics principle applies here?
You are a member of OACETT, a principal in XYZ Company and also a member of a city council. The city council approves appropriations for projects undertaken by the city. One such project is an energy conservation project with a large potential reduction in energy costs. XYZ Company has established a good reputation in the energy conservation field. XYZ Company has submitted a proposal to the city council to provide services for this project under consideration.
Which of the following is the best analysis of Alternative G3 or Alternative G4?
You are a member of OACETT, a principal in XYZ Company and also a member of a city council. The city council approves appropriations for projects undertaken by the city. One such project is an energy conservation project with a large potential reduction in energy costs. XYZ Company has established a good reputation in the energy conservation field. XYZ Company has submitted a proposal to the city council to provide services for this project under consideration.
Which is the best analysis of Alternative G2?
TESTED 03 Apr 2025