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

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 3

Which of the following actions cannot be taken by the professional association when It considers applications for the registration of applicants in accordance with the association's Act?

Options :

A : Deny the registration

B : Approve the registration

C : Defer approval of the registration

D : Prevent the applicant from any future registration

Answer: D

Question 4

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 5

A professional member wishing to use a former employer's confidential Information:

Options :

A : is still bound by the duty of confidence concept.

B :

may disclose the information to others as long as the employee advises the former employer of the disclosure.

C : may submit the matter for an arbitration ruling.

D : must refrain from using it for a minimum of one year.

Answer: A