Final answer:
The most likely cause for an engine continuing to run with the magneto switch in the 'OFF' position is a faulty ignition switch, which should normally ground the magneto to prevent it from sparking.
Step-by-step explanation:
If the engine magneto switch is turned to the "OFF" position, but the engine continues to run, the probable cause is a faulty ignition switch. The magneto is a type of ignition system used in many piston-engine aircraft and small engines. It generates voltage for spark plugs, allowing the engine to ignite the fuel-air mixture.
When the magneto switch is turned to "OFF", it should ground the magneto to prevent it from producing a spark, thus stopping the engine. If the engine does not stop, it is likely that the switch is not properly grounding the magneto.