OACETT IEPPE Exam With Confidence Using Practice Dumps

Awidely-held corporationis a company whose shares arepublicly traded on a stock exchangeand areavailable for purchase by the general public.

Step-by-Step Explanation:

Definition of a Widely-Held Corporation:

A corporation withmany shareholders.

Shares arepublicly traded on stock exchanges(e.g., TSX, NYSE).

Characteristics:

Subject tosecurities regulationsto protect investors.

More transparency requiredin financial reporting.

Why Option B Is Correct:

Key feature: Shares can bebought and sold on a designated exchange.

Why Other Options Are Incorrect:

A (Many shareholders)– Not all large companies are publicly traded.

C (Shares not available to public)– Describes aprivately-held corporation.

D (Few shareholders)– Applies toclosely-held corporations.

1. What is the OACETT Member Identification Stamp?

TheOACETT stamp is used to certify that a document has been reviewed and approved by a certified member.

It isnot a professional engineering sealbut indicatestechnical responsibility.

2. Proper Use of the OACETT Stamp:

Applied to documents containing technical information prepared or reviewed by a certified OACETT member.

Examples:

Technical drawings, calculations, and reports.

Inspection documents.

Specifications for engineering projects.

3. Why Option B is Correct:

The primary purpose of the stamp is to validate the transfer of technical information.

This ensuresaccuracy, compliance, and professional accountability.

4. Why Other Options Are Incorrect:

A (Only for documents affecting the owner)– Incorrect; the stamp appliesto any document containing technical information, not just those affecting the owner.

C (Only for documents that no one else can stamp)– Incorrect;multiple professionals can review and stamp a document.

D (Only for legally binding documents)– Incorrect;not all stamped documents have legal implications.

Rights-based ethics prioritizes individual rights, but conflicts can arise when different people's rights come into tension.

Step-by-Step Explanation:

Definition of Rights-Based Ethics:

This ethical framework argues thateach individual has certain fundamental rights, such as:

Right to safety

Right to freedom of speech

Right to privacy

The Challenge – Rights Can Conflict:

Example 1:Aconstruction companywants to build afactory near a residential area.

Residents have a right to clean air and quiet living conditions.

The company has a right to operate a legal business.

Aconflict arises, requiring ethical judgment.

Example 2:An employee has theright to refuse dangerous work, but an employer also has theright to expect productivity.

Why Option D Is Correct:

Rights oftenconflict, requiring ethical resolution.

Why Other Options Are Incorrect:

A (Defining rights is difficult)– Sometimes true, butdefining rights is not the biggest challenge.

B (Conflict of interest in allocating rights)– Ethical challenges arise more fromcompeting rights, not allocation.

C (Avoiding harm to support rights)– Rights generallyprevent harm, not cause it.