OMVIC Practice Test

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Dive into the OMVIC Practice Test and test your knowledge on laws, regulations, and ethical practices in the automotive industry. Perfect for aspiring dealers and salespersons to validate their expertise!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Contracts must have advisory or educational statements designed to inform purchasers /lessees about their rights and responsibilities and to ensure they know about the existence of certain agencies or organizations. What are these organizations/agencies?

Canada Revenue Agency
Motor Vehicle Sales Authority
Cosumer Protection Agency
OMVIC, Motor Vehicle Dealers Compensation Fund, CAMVAP

The correct answer is: OMVIC, Motor Vehicle Dealers Compensation Fund, CAMVAP

The other options, A, B, and C, are all government agencies while D is made up of multiple organizations/agencies. The Canada Revenue Agency is responsible for administering tax laws and various federal programs, not consumer rights and protections. The Motor Vehicle Sales Authority is only responsible for licensing and regulating motor vehicle dealers and salespersons in certain Canadian provinces. The Cosumer Protection Agency, while may seem like a possible answer, is not a specific organization and therefore is too vague of an answer. On the other hand, OMVIC, Motor Vehicle Dealers Compensation Fund, and CAMVAP are all specific organizations/agencies that are relevant to the context of the question.