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!

Practice this question and more.

True or false: The Code of Ethics Regulations are guidelines and don't have any legal authority.

False
True
Not specified
Partially true

The correct answer is: False

The statement "The Code of Ethics Regulations are guidelines and don't have any legal authority" is false. The Code of Ethics Regulations, which are enforced by various professional organizations, have legal authority in the sense that their violation can result in legal consequences. This might include being held liable for professional misconduct, losing one's professional license or certification, or facing legal action from clients. Saying that the regulations have no legal authority implies that they are merely suggestions and not enforceable, which is not the case. Option B, True, and option D, Partially true, can be ruled out as they are contradictory to the correct answer. Option C, Not specified, is incorrect as the statement in the question clearly indicates that there is a specified answer.