OMVIC Chapter 1- Questions and

OMVIC Chapter 1-18/ 58 Questions and Answers (Latest Update)

Question : Which body or agency enforces MVDA? (C1)

a) Ministry of Government and Consumer Services

b) TADA

c) OMVIC

d) Automotive Business School of Canada

Correct answer: c) OMVIC

Question : What is OMVIC required to make available to the

public? (C1)

a) A dealers name, address and phone number

• a salespersons name
• any proposal to refuse to renew, suspend or revoke the

registration of a dealer or salesperson

• all of the above

Correct answer: d) all of the above

Question : Which of the following must be registered with

OMVIC?(C2)

a) Dealers

b) Salespersons

c) Business managers

d) Finance managers

e) Service Managers

Correct answer: a, b, c, d

Question : 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

Correct answer: c) The Sales Manager

Question : Which of the following records related to

employees must be maintained(C3)

a) Employee Name

b) Employee salaries

c) Proof of payments

d) All of the above

Correct answer: d) all of the above

Question : Choose the most correct answer. If a dealers

records are destroyed or stolen the dealer must notify: (C3)

a) The OMVIC inspector when h for she arrives for the next

scheduled inspection

b) OMVIC, in writing, within five days

c) An OMVIC investigator within 30 days

d) The Ministry of Government and Consumer Services, in

writing within 10 days.

Correct answer: b) OMVIC, in writing, within five days

Question : 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

• all of the above

Correct answer: b) The location I always accessible to

OMVIC staff during normal business hours

Question : Deposits over what amount must be kept in a trust

account?(C3)

• $1,000
• $5,000

c) 10 , 000 � )