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NEW QUESTION # 100
What is a performance management system?
Answer: D
Explanation:
1. What is a Performance Management System (PMS)?
* APerformance Management System is a structured process for evaluating and improving employee performance.
* It includes:
* Regular performance reviews.
* Goal setting and feedback discussions.
* Training and professional development.
2. Why PMS is Important in Organizations
* Helps employees grow and develop their skills.
* Identifies strengths and areas for improvement.
* Ensures alignment between employee goals and company objectives.
3. Why Option A is Correct:
* Performance management is an ongoing process that involves evaluation, discussion, and improvement.
4. Why Other Options Are Incorrect:
* B (Rewards & punishments system)- Performance managementis more than just incentives or discipline.
* C (Just tracking documents)- A PMSincludes real feedback, not just paperwork.
* D (Just feedback delivery)- APMS includes training, goal setting, and evaluations, not just feedback.
Reference:
Human Resource Management in Canada - Best Practices for Performance Management
NEW QUESTION # 101
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?
Answer: D
Explanation:
When raising money,lenders require financial securitybefore approving loans. Bothcorporations and partnershipscan borrow money, but acorporation has more financing options.
Step-by-Step Explanation:
* Why Business Structure Affects Loan Approval:
* Banksassess riskbefore lending money.
* New businesses lack credit history, so banks requirepersonal guaranteesfromowners.
* Acorporation has more flexibilitysince it canissue shares or bondsto raise money.
* Key Considerations for Business Loans:
* Partnerships and Corporations can borrow, but banks maydemand a personal guarantee from the owners.
* Corporations can secure funding through investors, reducing reliance on loans.
* Ajoint venture is temporaryand not ideal for long-term financing.
* Why Option D Is Correct:
* Both corporations and partnerships can raise money, butbanks often require a personal guarantee.
* Corporations have additional financing options (e.g., issuing shares).
* Why Other Options Are Incorrect:
* A (Joint Venture)-Not designed for long-term borrowing.
* B (Corporation without personal guarantee)-Banks usually require a guarantee for new businesses.
* C (Partnership without personal guarantee)-Incorrect, as partners are personally liable for debts.
Reference:
Ontario Business Financing Guide - Loan Approval for Startups
OACETT Business & Financial Guidelines
NEW QUESTION # 102
What are ethics?
Answer: B
Explanation:
Ethics are shared moral principles that guide the behavior of individuals and groups.Unlike personal morals, ethics aresocially developed and often formalized in professional codes.
Step-by-Step Explanation:
* Definition of Ethics:
* Ethics areprinciples of right and wrong behavioraccepted by asociety or profession.
* They help individualsmake decisions based on fairness, justice, and integrity.
* Why Ethics Are Important in Engineering & Technology:
* Ethical rules ensurepublic safety, fairness, and professionalism.
* Example: Engineers mustavoid conflicts of interestandalways act in the public interest.
* Example in Professional Practice:
* A technologist mustrefuse a bribeto approve substandard materials in a construction project.
* Thisdecision aligns with professional ethicsbecause it upholdspublic safety and integrity.
* Why Option C Is Correct:
* Ethics aredefined by society, professional organizations, and industries.
* TheOACETT Code of Ethicsoutlinesethical behavior for engineering technologists.
* Why Other Options Are Incorrect:
* A (Government rules)- Ethicsare not always enforced by law(e.g., lying is unethical but not always illegal).
* B (Personal morals only)- Ethics aresocietal and professional standards, not just personal beliefs.
* D (Fair treatment only)- Ethicsinclude fairness, but alsohonesty, responsibility, and integrity.
Reference:
OACETT Code of Ethics - Ethical Responsibility in Engineering Technology Ontario Professional Engineers Act - Ethical Obligations for Engineers
NEW QUESTION # 103
What does it mean to have a restrictive right under the OACETT Act to use the designation C.E.T.?
Answer: D
Explanation:
1. What is a Restrictive Right?
* Arestrictive right means that the title "Certified Engineering Technologist (CET)" is legally protected.
* Only individuals whomeet OACETT certification requirementscan use theCET designation.
2. Legal Protection of the CET Title
* The OACETT Actprevents unauthorized individuals from using the title.
* Thisensures public trust and professional credibilityin the field of engineering technology.
3. Why Option C is Correct:
* CET is a legally protected titleunder the OACETT Act.
* Example: Atechnician who is not certified by OACETT cannot call themselves a CET.
4. Why Other Options Are Incorrect:
* A (No one else can call themselves technologists)- Incorrect; other technologists exist, butCET is a protected title.
* B (No one else can work as a technologist)- Individuals can workwithout certification, butthey cannot claim the CET title.
* D (Technicians cannot work in Ontario)- Incorrect;C.Tech is another recognized certification for technicians.
Reference:
OACETT Act - Restrictive Rights for Certified Titles
Ontario Professional Engineers Act - Title Protection Laws
NEW QUESTION # 104
Who in OACETT controls the OACETT By-Law?
Answer: B
Explanation:
1. What is the OACETT By-Law?
* The OACETT By-Lawgoverns the rules, regulations, and operational structure of OACETT.
* It defines:
* Membership requirements
* Code of Ethics enforcement
* Certification and disciplinary procedures
2. Who Controls the OACETT By-Law?
* The By-Law is ultimately controlled by OACETT members, meaning:
* Members vote on any amendments or changes.
* Decisions are made democratically to ensure fairness.
3. Why Option C is Correct:
* OACETT is amember-driven organization, meaningits members have the ultimate authority over its governing rules.
4. Why Other Options Are Incorrect:
* A (Ontario Provincial Government)- OACETTis self-regulatedand not directly governed by the provincial government.
* B (OACETT Board of Directors)- The Board oversees governance, butmembers control by-law changes.
* D (OACETT Administration Board)- No such bodyexists with control over the by-law.
Reference:
OACETT Constitution - By-Law Structure & Membership Voting Rights
Ontario Not-for-Profit Corporations Act - Governance of Professional Associations
NEW QUESTION # 105
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