OMVIC FINAL EXAM WITH CORRECT ANSWERS 2023\2024[GRADED A+]

OMVIC FINAL EXAM WITH CORRECT ANSWERS
2023\2024[GRADED A+]
What is the primary legislation governing Ontario's retail automotive sector?
- CORRECT ANSWERS-MVDA
Which body or agency enforces MVDA? - CORRECT ANSWERS-OMVIC
How many people compose OMVIC's board of directors? - CORRECT
ANSWERS-12 in total, 9 dealers and 3 consumer reps
What is the "transaction fee program"? - CORRECT ANSWERS-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 F: the fee can be passed on to the consumer - CORRECT ANSWERS-True
What is OMVIC required to make available to the public? - CORRECT
ANSWERS-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
Should OMVIC determine a dealers advertising to be false or misleading what
powers do they have to stop or correct it? - CORRECT ANSWERS-Order to the
dealer to cease publication and or issue a retraction or correction
If an order is used to stop or correct false advertising, for how long may the
dealer need to seek OMVIC pre approval for future advertising? - CORRECT
ANSWERS-up to 2 years
What is the minimum age r