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PRAXIS Praxis Business Education: Content Knowledge (5101)Exam Sample Questions (Q118-Q123):
NEW QUESTION # 118
Which of the following components of a business plan primarily illustrates industry knowledge as well as any industry research findings and conclusions?
Answer: D
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 # 119
Which of the following is characteristic of a laissez-faire management style?
Answer: C
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 # 120
Which of the following is a line of credit for which a customer pays a commitment fee and is then allowed to use the funds when they are needed?
Answer: C
Explanation:
Revolving credit, such as a line of credit, allows customers to borrow funds up to a limit, often with a commitment fee for access, and use them as needed, repaying and borrowing again. Option A (installment credit) involves fixed payments over time, like a car loan. Option C (service credit) is credit for services, like utility bills. Option D (trade credit) is short-term credit between businesses. This question falls under the Accounting and Finance category, focusing on credit types.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Accounting and Finance; Fundamentals of Financial Management, Chapter 16.
NEW QUESTION # 121
A valuable student benefit of school-based enterprises (SBEs) is that SBEs provide students an opportunity to
Answer: A
Explanation:
School-based enterprises (SBEs) are student-run businesses that provide hands-on learning, allowing students to develop and connect with real-world business skills, such as marketing and management. Option A (earning money) is not the primary educational goal. Option B (in lieu of college) is not a universal outcome.
Option D (work during study hall) is logistical, not a benefit. This question falls under the Professional Business Education category, emphasizing experiential learning.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Professional Business Education; Career and Technical Education, Chapter 5.
NEW QUESTION # 122
Which of the following is a primary benefit of membership in a professional organization?
Answer: D
Explanation:
Membership in a professional organization provides opportunities to influence policies and practices at local, state, and national levels through advocacy and networking. Option A (increased salary) is not guaranteed.
Option C (decreased workload) is unlikely. Option D (specialized employment) is not a direct benefit. This question falls under the Professional Business Education category, emphasizing professional development.
Reference:ETS Praxis Business Education: Content Knowledge (5101) StudyCompanion, Section on Professional Business Education; Career and Technical Education, Chapter 8.
NEW QUESTION # 123
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