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Humber College PREX-1060A Exam Syllabus Topics:

Humber College Exam 4: Invigilated Theory Sample Questions:

Question #1

When a farm is sold, there are exemptions to the payment of harmonized sales tax (HST). In which of the following circumstances is a farmer responsible to pay HST to the Canada Revenue Agency (CRA)?

A. The farmer uses a smaller portion of the farm for a residence.
B. The farm is sold to a corporation and the HST is included in the selling price.
C. The farmer sells the farm to a relative.
D. The farm has been used for personal use.

Question #2

A tenant is interested in leasing a property; however, the tenant would like to make improvements to the property. Which of the following statements about tenant improvements is correct?

A. Unless indicated in the lease agreement, improvements attached to the leased building generally become the tenant's property upon vacating the premises.
B. The tenant takes the premises in an "as is" condition and can complete whatever improvements they wish without landlord approval.
C. In a lease agreement, the tenant provides a list of improvements to the landlord and the landlord always pays for these improvements.
D. The landlord may offer a "tenant improvement allowance" which provides funds to cover thecosts of tenant improvements.

Question #3

Which of the following statements regarding heavy industrial use and light industrial use is correct?

A. Heavy industrial use usually results in less traffic in and out of the heavy industrial zone.
B. Heavy industrial use can produce more pollution than other commercial activities.
C. Clay production is an example of light industrial use.
D. Light industrial use usually results in more noise and heavier traffic.

Question #4

Which statement about an Environmental Site Assessment (ESA) is NOT correct?

A. All new commercial properties must undergo an ESA before construction begins.
B. An ESA is not required if the buyer is purchasing the industrial property for their own use.
C. No stipulations exist for the third and final phase of an ESA due to its vast and complex nature.
D. The Environmental Protection Act establishes the procedures and requirements for the first two phases of an ESA.

Question #5

Many industrial users install one or more cranes on their properties to move heavy items. Which type of industrial crane has an arm attached at an angle to a rotating mast that permits 360-degree swiveling around that mast?

A. Overhead crane
B. Gantry crane
C. Jib crane
D. Bridge crane

Solutions: