PRAXIS Business-Education-Content-Knowledge-5101

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

1. Which of the following describes how a company is most likely to benefit from expanding a product line?

A) Customers who are loyal to the company's brands will be likely to try its new products.
B) Expanding a product line limits the company's allocation of preferred shelf space in the marketplace.
C) Expanding a product line lets the company expand a generic product line.
D) Consumers are assured that they can rely on consistency across all the company's brands.

2. Which of the following is an example of place utility?

A) Goods or services are available at a convenient location when the consumer wants to buy them.
B) A business firm converts raw materials into finished products.
C) Arrangements are made for the transfer of title from seller to buyer.
D) Products requested by the consumer are ordered on demand.

3. Processing and organizing data to create, store, and retrieve documents is best known as

A) formatting
B) file management
C) database management
D) outsourcing

4. One of the primary goals of individualized instruction in business education is to

A) encourage cooperation among all instructors of the same students
B) teach general theories rather than specific skills that may become obsolete
C) reduce the cost of instructional materials needed
D) allow the student to progress at the most appropriate rate

5. Which of the following best defines a legally enforceable contract?

A) Agreement, consideration, and the mandatory requirement that only one of the parties is required to be rational and sane
B) Consideration without the mandatory requirement of mutual assent by the parties of the offer and acceptance
C) Agreement, consideration, and the mandatory inclusion of gift promises and moral obligations
D) Agreement, consideration, contractual capacity, and the mandatory requirement that the object of the contract is lawful

Solutions: