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.

What does the accountability section of the Code of Ethics Regulations imply for dealers and salespersons?

Dealers are responsible for all financial losses
Salespersons can work independently without dealer oversight
Dealers must ensure that salespersons align with the Code of Ethics
Salespersons are solely responsible for legal compliance

The correct answer is: Dealers must ensure that salespersons align with the Code of Ethics

The accountability section of the Code of Ethics Regulations implies that dealers have a responsibility to ensure that their salespersons adhere to the Code of Ethics. This means that dealers cannot simply assign all compliance and ethical responsibilities to their salespersons without proper oversight. B, however, suggests that salespersons can work independently without dealer oversight, which goes against the expectation of accountability set by the regulations. A and D are also incorrect because the accountability section does not solely place financial losses on dealers or legal compliance on salespersons.