Question 1

The fundamental purpose of a contract is to

Options :

A : allocate money among the parties to the contract

B : outline the scope of the project being undertaken

C : provide a basis to make a Judgment in the evert of a conflict

D : allocate obligations, responsibilities, and risk between contract parties

Answer: D

Question 2

A licensed professional sales engineer works for a large. International oil and gas service company. The professional Is responsible for setting up the company booth at an annual technical convention and engage; a third-party recruitment agency to hire a "Greeter" for the Booth. On the day of the convention, the Company's Vice-President (VP) of Marketing approaches the professional and informs them that the Greeter's ethnicity may be off-putting to clients and may hinder marketing efforts. The VP tells the professional to pay the Greeter for the day and contact the recruitment agency for a more suitable candidate. Which of the following actions is best taken by the professional in this situation?

Options :

A : Decline the VP-s request and report the incident to the Human Rights Commission.

B : Accept the VP-s request, but report the incident to the company-s Human Resource department.

C : Decline the VP-s request and report the Incident to the company-s Human Resource department.

D :

Accept the VP-s request, but encourage the Greeter to file a complaint with the Human Rights Commission.

Answer: C

Question 3

Professional geoscientist Bev has been a contract employee for ABC Mining Co. for the past eight years. Recently, she was the lead due diligence investigator on the potential acquisition of the Bon u view Mine. XYZ Mining, a major competitor of ABC Mining, subsequently acquires the Beau view Mine. Shortly thereafter, Bev's manager Indicates that there may soon be a downsizing In ABC Mining's geology deportment due to the unsuccessful acquisition of the Beouview Mine. The next day, XYZ Mining offers Bev a position identical to the one she has with ABC Mining but with a batter overall compensation package. What action should Bev take to ensure that this offer is handled ethically?

Options :

A :

Disclose to her manager at ABC Mining that she has been offered a job opportunity while she considers the XYZ Mining offer.

B :

Give her notice of resignation well in advance of the time Indicated in her contract once she accepts the XYZ Mining offer.

C :

Disclose XYZ Mining-s job offer terms to her manager at ABC Mining while she considers the XYZ Mining offer.

D : Assure ABC Mining that there will be no conflict of Interest after starting the new Job at XYZ Mining.

Answer: A

Question 4

Louts, a licensed professional member, was asked by his employer to reduce the stages of a process for expediency and in order to reduce costs. Louis advised his employer that this was not an industry test practice. However, the employer Insisted that Louis make the requested adjustment, which presented Louis with a dilemma. Which of the following approaches is best for Louis to take in this situation?

Options :

A : Ignore the employer in line with Louie' commitment to ethical practice

B : Research appropriate guidelines permitting such adjustment

C : Go ahead with the adjustment using his best Judgement

D : Report his employer to the professional association

Answer: B

Question 5

Which of the following phrases describes a fluty that professionals have to care for the Interests of other carries over their own interests and to not act against the Interests of the other party?

Options :

A : Duty to warn

B : Fiduciary duty

C : Breach of duty

D : Risk reduction duty

Answer: B

Higher Test Marks with Free Online NPPE Exam Practice

Buying Options: