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OACETT Internationally Educated Professional Practice Sample Questions:

1. 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?

A) A joint venture
B) A corporation
C) A partnership
D) A sole proprietorship

2. 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.
In your opinion, is there justification for starting up with one business form and converting to another form later?

A) Yes, there is justification for starting up with one business and converting to another form because it provides the owners with interesting variety.
B) No, it is bad business practice to change the form in which a business is being operated as it creates confusion among clients and suppliers.
C) No, there is no justification for starting up with one business form and converting to another form because it is too expensive.
D) Yes, starting out as a partnership might be the easiest/cheapest way to get the business started and it could be switched to a corporation for liability protection and tax advantages when growth begins.

3. 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?

A) Either a corporation or partnership as long as they personally guaranteed the new business loan; although generally, a corporation has more flexibility.
B) A joint venture because they would not have to personally guarantee the loan.
C) A partnership because they would not have to personally guarantee the loan.
D) A corporation because they would not have to personally guarantee the loan.

4. What should technology professionals aim to do when developing a greater understanding of ethics?

A) To provide them with a greater understanding of the importance of ethical theories in day-to-day life.
B) To allow them to make decisions that are more palatable to shareholders.
C) To stimulate their ability to readily identify unethical individuals and professionals.
D) To be better able to recognize ethical issues in the workplace and in their fields.

5. Which of the following is an example of an ethical problem that is an unsuccessful attempt to remedy a technical issue that has been identified?

A) A computer programmer brings a problem with a proposed new computer system to the attentionof her managers. Her managers dismiss her concerns and move ahead with the new system. The organization does not experience any serious operational consequences as a result of the new system.
B) A computer programmer brings a problem with a proposed new computer system to the attention of her managers. Her managers dismiss her concerns and move ahead with the new system. The organization experiences serious operational consequences as a result of the new system.
C) A computer programmer brings a problem with a proposed new computer system to the attention of her managers. Her managers take note of her recommendations and implement changes to the new system.
D) A computer programmer brings a problem with a proposed new computer system to the attention of her managers. She blames a colleague for the problem. Her colleague is fired, but the organization goes ahead with the new system anyway. There are, however, no issues with the system.

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