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OACETT IEPPE Exam With Confidence Using Practice Dumps

Exam Code:
IEPPE
Exam Name:
Internationally Educated Professional Practice Exam
Certification:
Vendor:
Questions:
130
Last Updated:
Mar 27, 2025
Exam Status:
Stable
OACETT IEPPE

IEPPE: CET Certification Exam 2025 Study Guide Pdf and Test Engine

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Internationally Educated Professional Practice Exam Questions and Answers

Question 1

Which one of the following mistakes would be unreliable as a reason to set aside or otherwise impeach a contract?

Options:

A.

Both parties agree upon the subject matter and terms but are mistaken about some basic facts underlying the contract.

B.

A mistake of law.

C.

A mistake in the identity of the subject matter.

D.

A mistake by one of the parties which the other party knows about or is assumed to know about.

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Question 2

What do people focus on in a culture that has a short-term time orientation?

Options:

A.

They focus on being on time.

B.

They focus on the past.

C.

They focus on the present.

D.

They focus on the future.

Question 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.

Once the business is running and profitable, which business form facilitates getting money out of the business while maintaining the business as a going concern?

Options:

A.

A partnership, because they can declare dividends, sell some of their shares, and/or pay themselves a salary.

B.

A corporation, because they can declare dividends, sell some of their shares, and/or pay themselves a salary.

C.

A sole proprietorship, because they can declare dividends, sell some of their shares, and/or pay themselves a salary.

D.

A joint venture of two sole proprietorships, because they can declare dividends, sell some of their shares, and/or pay themselves a salary.