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Total 112 Questions | Updated On: Nov 19, 2024

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Question 1

Which of the following phrases describes a fluty that professionals have to care for the Interests of other carries over their own interests and to not act against the Interests of the other party?

A : Duty to warn

B : Fiduciary duty

C : Breach of duty

D : Risk reduction duty

Answer: B

Question 2

The fundamental purpose of a contract is to

A : allocate money among the parties to the contract

B : outline the scope of the project being undertaken

C : provide a basis to make a Judgment in the evert of a conflict

D : allocate obligations, responsibilities, and risk between contract parties

Answer: D

Question 3

Which of the following actions cannot be taken by the professional association when It considers applications for the registration of applicants in accordance with the association's Act?

A : Deny the registration

B : Approve the registration

C : Defer approval of the registration

D : Prevent the applicant from any future registration

Answer: D

Question 4

Which of the following phrases describes a fluty that professionals have to care for the Interests of other carries over their own interests and to not act against the Interests of the other party?

A : Duty to warn

B : Fiduciary duty

C : Breach of duty

D : Risk reduction duty

Answer: B

Question 5

Louts, a licensed professional member, was asked by his employer to reduce the stages of a process for expediency and in order to reduce costs. Louis advised his employer that this was not an industry test practice. However, the employer Insisted that Louis make the requested adjustment, which presented Louis with a dilemma. Which of the following approaches is best for Louis to take in this situation?

A : Ignore the employer in line with Louie' commitment to ethical practice

B : Research appropriate guidelines permitting such adjustment

C : Go ahead with the adjustment using his best Judgement

D : Report his employer to the professional association

Answer: B

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Total 112 Questions | Updated On: Nov 19, 2024

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