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PRAXIS Praxis Business Education: Content Knowledge (5101)Exam Sample Questions (Q46-Q51):
NEW QUESTION # 46
In international trade, the practice of dumping refers to
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 # 47
Which of the following statements is true about all issued common stocks?
Answer: D
Explanation:
Common stocks represent ownership in a corporation, and their ownership is typically transferred through organized stock exchanges, such as the NYSE or NASDAQ. Option A is incorrect because common stocks are equity financing, not direct financing (which involves loans or bonds). Option B is incorrect because dividends on common stocks are not fixed; they vary based on company performance and board decisions.
Option D is incorrect because common stocks are not secured by tangible assets; they are unsecured equity instruments. This question falls under the Accounting and Finance category, focusing on equity markets.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Accounting and Finance; Fundamentals of Financial Management, Chapter 9.
NEW QUESTION # 48
The term "laissez-faire" is primarily associated with a
Answer: A
Explanation:
Laissez-faire, meaning "let it be," is associated with a free enterprise economic system, where government intervention is minimal, and markets operate based on supply and demand. Option B (command) involves central planning, the opposite of laissez-faire. Option C (mixed) combines elements of various systems, not purely laissez-faire. Option D (planned) is similar to command, with significant government control. This question aligns with the Economics category, focusing on economic systems.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Economics; Principles of Economics, Chapter 2.
NEW QUESTION # 49
Which of the following doctrines entitles a teacher to use portions of copyrighted material?
Answer: D
Explanation:
The fair use doctrine allows limited use of copyrighted material without permission for purposes like education, criticism, or research, provided factors like purpose, amount, and market impact are considered.
Option B (acceptable use) refers to policies for technology use, not copyright. Option C (professional use) and Option D (common use) are not legal doctrines. This question falls under the Business Law category, emphasizing intellectual property law.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Business Law; Business Law: Text and Cases, Chapter 8.
NEW QUESTION # 50
Which of the following are commonly considered primary management functions?
Answer: A
Explanation:
The primary management functions are planning (setting goals), organizing (allocating resources), directing (leading), coordinating (aligning efforts), and controlling (monitoring performance). Option B includes outcomes, not functions. Option C includes activities, not core functions. Option D includes authoritarian actions, not standard functions. This question falls under the Management and Marketing category, emphasizing management principles.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Management and Marketing; Management: Leading & Collaborating, Chapter 1.
NEW QUESTION # 51
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