OACETT IEPPE Exam With Confidence Using Practice Dumps

Apartnershipis theeasiest and lowest-cost wayfor two or more people to start a business together.

Step-by-Step Explanation:

What Is a Partnership?

A businessowned by two or more people.

Lower setup coststhan a corporation.

Profits and lossesare sharedbetween partners.

Why a Partnership Works for Brown & Green:

Theyshare expertise and investment.

Less paperwork and fewer legal requirementsthan a corporation.

Since they plan toretire in 10 years, a partnership offersflexibility without long-term obligations.

Why Option C Is Correct:

Requires minimal startup capital.

Simple to set up and dissolve.

Why Other Options Are Incorrect:

A (Corporation)– More complex,higher startup costs, and strict regulations.

B (Sole Proprietorship)–Only one owner allowed.

D (Joint Venture)– Used forshort-term projects, not long-term businesses.

Public safety must always come first in professional ethics.If a project has seriouserrors that could result in harm, professionals have alegal and ethical duty to report it.

Step-by-Step Breakdown:

1. The Ethical Priority – Public Safety Comes First:

Engineers and technologistsmust prioritize human life over financial or contractual obligations.

Example: If afaulty structural designrisks collapse,it must be reported immediately.

2. What Should Be Done in This Situation?

If the issue is serious,raise concerns with the appropriate regulatory bodies(e.g.,Ontario Ministry of Labour or Professional Engineers Ontario).

Do not stay silent, as failure to report safety violationscould lead to legal liability.

3. Why Option A Is Correct:

Public welfare is the highest priority in professional ethics.

4. Why Other Options Are Incorrect:

B (Avoiding conflict of interest)– The primary concern isnot conflict of interest, butsafety.

C (Overruled decisions)– The problem isthe safety issue itself, not decision-making authority.

D (Reporting unethical behavior)– This applies toethical misconductrather thandirect safety hazards.

Misuse ofconfidential company or client information on social mediais aserious breach of professional ethics and workplace policies. It can lead totermination, legal action, and loss of professional certification.

Step-by-Step Explanation:

Why Confidential Information Must Be Protected:

Many companies havenon-disclosure agreements (NDAs)requiring employees tokeep sensitive data private.

Leaking financial reports, trade secrets, or client dataon social media can causefinancial losses and legal liability.

Examples of Confidential Information:

Engineering firms: Postingdesign plans or blueprintsof an upcoming infrastructure project.

Technology companies: Sharingsource code or unreleased product details.

Government contracts: Disclosingconfidential project discussions.

Why Option C Is Correct:

Unauthorized disclosure of sensitive information is the most serious offense.

Employers can terminate employees immediatelyfor violating confidentiality agreements.

Why Other Options Are Incorrect:

A (Posting a compliment)–Positive comments are not a violationunless they include sensitive details.

B (Picture of colleagues at a bar)–Might be unprofessional but unlikely to result in termination.

D (Posting family photos during work time)– May violateinternet usage policies, butnot a fireable offense.