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.


Which statement is true about the Code of Ethics Regulations concerning dealers and salespeople?

  1. They can choose whether to follow them or not

  2. They have legal force and must be abided by

  3. They apply only to salespeople, not dealers

  4. They are simple suggestions without legal basis

The correct answer is: They have legal force and must be abided by

The Code of Ethics Regulations are not optional for dealers and salespeople. It is a set of rules and standards that are legally binding and must be followed by all individuals in the industry. The other options are incorrect because A implies that the regulations are a choice, C is incorrect because the regulations apply to both dealers and salespeople, and D is incorrect because the regulations have legal basis and consequences for non-compliance.