I'll always remember the words of one my professors when practicing for the EIT/FE. He said, "The EIT doesn't test to see if you know Engineering, it tests to see if you know how to read." I have found that statement to be quite true, and the difference between those who pass and those who don't are more a function of how well you read and comprehend exactly what the question is asking for more than anything else (e.g., the "closest answer" is often a different Engineering requirement than the "best answer").