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Business-Education-Content-Knowledge-5101 Customizable Exam Mode | New Business-Education-Content-Knowledge-5101 Learning Materials

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PRAXIS Praxis Business Education: Content Knowledge (5101)Exam Sample Questions (Q100-Q105):

NEW QUESTION # 100
In international trade, the practice of dumping refers to

A. exporting normal-quality products at a price below the home market cost
B. exporting high-quality products at a price equivalent to the cost of production
C. exporting unwanted products out of the country of origin
D. exporting low-quality products at a price above the normal value

Answer: A

Explanation:
Dumping in international trade involves exporting products at a price below their home market cost or production cost, often to gain market share or harm competitors. Option A (unwanted products) is incorrect, as dumping involves normal products. Option C (low-quality, high-price) and Option D (high-quality, cost- price) do not define dumping. This question falls under the Economics category, emphasizing trade practices.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Economics; International Economics, Chapter 6.

NEW QUESTION # 101
Which of the following management styles supports the idea that employees are just a replaceable resource and not the core of the organization?

A. Paternalistic
B. Democratic
C. Autocratic
D. Laissez-faire

Answer: C

Explanation:
Autocratic management views employees as replaceable resources, with managers making decisions unilaterally, prioritizing control over employee input. Option B (paternalistic) treats employees like family, with guidance. Option C (democratic) values employee participation. Option D (laissez-faire) allows employee autonomy. This question falls under the Management and Marketing category, emphasizing management styles.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Management and Marketing; Management: Leading & Collaborating, Chapter 12.

NEW QUESTION # 102
The depth and detail presented in a business plan will depend primarily on the

A. amount of capital obtained
B. size and scope of the new venture
C. experience of the entrepreneur
D. target market of the new venture

Answer: B

Explanation:
The depth and detail of a business plan are primarily determined by the size and scope of the new venture, as larger or more complex ventures require more comprehensive planning to address operational, financial, and market complexities. Option A (target market) influences the marketing section but not the overall plan's detail. Option B (entrepreneur's experience) may affect quality but not depth. Option D (capital obtained) is a result of the plan, not its determinant. This question aligns with the Entrepreneurship category, focusing on business planning.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Entrepreneurship; Entrepreneurship: Starting and Operating a Small Business, Chapter 7.

NEW QUESTION # 103
As a consequence of bankruptcies resulting from fraudulent accounting practices and lack of ethical behavior by corporate officials, the United States Congress passed legislation in 2002 in an attempt to increase the accountability of corporate executives. Which of the following laws did Congress pass for this purpose?

A. Robinson-Patman Act
B. Sarbanes-Oxley Act
C. Consumer Credit Protection Act
D. Provide Appropriate Tools Required to Intercept and Obstruct Terrorism (PATRIOT) Act

Answer: B

Explanation:
The Sarbanes-Oxley Act (SOX) of 2002 was enacted to enhance corporate accountability and prevent fraudulent accounting practices following scandals like Enron. It imposes stricter financial reporting and auditing requirements. Option B (PATRIOT Act) addresses terrorism, not corporate governance. Option C (Robinson-Patman Act) prevents price discrimination. Option D (Consumer Credit Protection Act) protects credit consumers, not corporate accountability. This question aligns with the Business Law category, emphasizing corporate ethics.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Business Law; Business Law: Text and Cases, Chapter 41.

NEW QUESTION # 104
Which of the following is characteristic of a laissez-faire management style?

A. Asking for employee input but failing to follow up on suggestions
B. Permitting employees to make independent decisions and providing only general guidance
C. Seeking input of all workers yet exercising total control
D. Taking charge and solely developing policies and procedures

Answer: B

Explanation:
Laissez-faire management involves minimal direct supervision, allowing employees to make independent decisions with general guidance. Option B describes a pseudo-democratic style. Option C is autocratic management. Option D indicates poor follow-through, not laissez-faire. This question falls under the Management and Marketing category, emphasizing management styles.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Management and Marketing; Management: Leading & Collaborating, Chapter 12.

NEW QUESTION # 105
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