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PRAXIS Business-Education-Content-Knowledge-5101 Exam Syllabus Topics:

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

Question 1

Which of the following is a key advantage of using a performance-based task to assess learning in a business education curriculum?

A. It allows the performance of individual students to be compared to that of other students.
B. It allows affective, cognitive, and psychomotor capabilities to be assessed simultaneously.
C. It requires less time to administer than other forms of assessment.
D. It is easily compared to other traditional forms of assessment based on objective criteria established in the curriculum.

Question 2

Martha sold 1,000 poinsettia plants at $9 each and had 100 remaining in inventory. Joe sold 1,000 poinsettia plants at $8 each and had none remaining in inventory. Which of the following can be inferred from the scenario?

A. Martha's price is below equilibrium.
B. Joe's price and Martha's price are above equilibrium.
C. Joe's price and Martha's price are at equilibrium.
D. Only Joe's price is at equilibrium.

Question 3

Under ordinary circumstances, the average amount of unemployment in an economy is called the

A. typical rate of unemployment
B. frictional rate of unemployment
C. cyclical rate of unemployment
D. natural rate of unemployment

Question 4

The primary goal of just-in-time inventory planning is to

A. reduce the likelihood of running out of inventory
B. reduce the amount of inventory kept on hand
C. reduce ordering costs
D. increase the space allocated for storing inventory

Question 5

Which of the following is a primary reason for a country to employ the policy of protectionism?

A. Consumers have more choice in the variety, price, and quality of products.
B. New jobs are created in areas such as global trade.
C. Foreign competition can lower the demand for products made domestically.
D. Competition forces businesses to be more efficient and productive.

Solutions: