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CANADIAN BOARD OF EXAMINERS FOR PROFESSIONAL SURVEYORS C11 - BUSINESS PRACTICES & THE PROFESSION

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CANADIAN BOARD OF EXAMINERS FOR PROFESSIONAL SURVEYORS C11 - BUSINESS PRACTICES & THE PROFESSION

Q. No Time: 3 hours Value Earned

Define each of the following terms as it pertains to business law in Canada:

a) Parliament

b) Power of attorney

c) Performance bond

d) Privy Council

e) Construction lien

f) Conflict of interest

g) Contractual liability

h) Legislature

i) Restrictive covenant

j) Professional ethics

2 Describe at least 3 types (or categories) of law in the Canadian system. 6 3

When preparing a quote for survey services, many costs must be taken into account. Provide at least three examples of direct and three examples of indirect costs that should be included.

10

4 Provide examples of three different marketing activities and the rationale for using

them. 10

5 Describe the relationship between an agent and a principal and list their respective

obligations. 10

6 What would business insurance provide for your firm? 10

7 Provide at least five different reasons why a written contract for surveying services

should be the norm in your practice. 15

8 What is meant by the term “prime rate”? 4

9 How can a contract be discharged? 15

Total Marks: 100 0 March 2014

Marks Note: This examination consists of 9 questions on 1 page.

1 20

C11 - BUSINESS PRACTICES March 2014 Page 1 of 1

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