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Business-Education-Content-Knowledge-5101 Interactive Questions | Latest Business-Education-Content-Knowledge-5101 Test Pass4sure
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PRAXIS Praxis Business Education: Content Knowledge (5101)Exam Sample Questions (Q62-Q67):
NEW QUESTION # 62
Which of the following statements best describes a recession?
- A. Businesses expand production and unemployment rises.
- B. Demand for goods and services rises and productivity falls.
- C. Demand for goods and services falls and unemployment rises.
- D. The amount of goods a given amount of money buys declines.
Answer: C
Explanation:
A recession is characterized by a decline in economic activity, leading to reduced demand for goods and services and increased unemployment as businesses cut back. Option B is incorrect, as business expansion typically reduces unemployment. Option C is incorrect, as rising demand does not align with a recession.
Option D describes inflation, not a recession. This question falls under the Economics category, focusing on macroeconomic concepts.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Economics; Principles of Economics, Chapter 22.
NEW QUESTION # 63
An established company wants to find applicants who will stay with the company for at least one year if hired. Which of the following strategies is most effective in working toward the goal?
- A. Encouraging mainly electronic applications
- B. Rewarding current employees for referrals
- C. Advertising job opportunities online
- D. Placing job ads in trade publications
Answer: B
Explanation:
Rewarding current employees for referrals is effective for finding long-term employees, as existing staff are likely to recommend candidates who fit the company culture and are committed. Option A (online advertising) and Option C (trade publications) attract broad applicants but don't ensure retention. Option B (electronic applications) streamlines process but doesn't address longevity. This question aligns with the Management and Marketing category, emphasizing recruitment strategies.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Management and Marketing; Human Resource Management, Chapter 6.
NEW QUESTION # 64
Which of the following components of a business plan primarily illustrates industry knowledge as well as any industry research findings and conclusions?
- A. Service or product line
- B. Market analysis
- C. Organization and management
- D. Executive summary
Answer: B
Explanation:
The market analysis section of a business plan details industry knowledge, including market size, trends, competitors, and research findings, to demonstrate an understanding of the business environment. Option A (service or product line) describes offerings, not industry analysis. Option C (executive summary) provides an overview, not detailed research. Option D (organization and management) focuses on structure and leadership. This question falls under the Management and Marketing category, focusing on business planning.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Management and Marketing; Entrepreneurship: Starting and Operating a Small Business, Chapter 7.
NEW QUESTION # 65
Which of the following procedures is most likely to improve the efficiency of a company's information- processing system?
- A. Setting standards
- B. Standardizing formats
- C. Establishing priorities
- D. Coding documents
Answer: B
Explanation:
Standardizing formats for data entry, storage, and retrieval streamlines a company's information-processing system, reducing errors and improving efficiency. Option B (coding documents) may help organization but is less impactful than standardization. Option C (setting standards) is vague and overlaps with A but is less specific. Option D (establishing priorities) affects task management, not system efficiency. This question aligns with the Information Technology category, emphasizing system optimization.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Information Technology; Management Information Systems, Chapter 5.
NEW QUESTION # 66
Which of the following best describes the market structure of the soft drink industry?
- A. An oligopoly that requires a huge upfront investment
- B. A monopoly that restricts further competition
- C. A monopoly that suffers from excessive competition
- D. An oligopoly that carries tight government restrictions
Answer: A
Explanation:
The soft drink industry is an oligopoly, dominated by a few major firms (e.g., Coca-Cola, PepsiCo), requiring significant upfront investment for production, branding, and distribution. Option A is incorrect, as government restrictions are not uniquely tight. Option B (monopoly) is incorrect, as multiple firms compete.
Option D (monopoly with excessive competition) is contradictory and incorrect. This question falls under the Economics category, focusing on market structures.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Economics; Industrial Organization, Chapter 7.
NEW QUESTION # 67
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