FREE BUSINESS-EDUCATION-CONTENT-KNOWLEDGE-5101 STUDY MATERIAL - VALID BUSINESS-EDUCATION-CONTENT-KNOWLEDGE-5101 TEST QUESTION

Free Business-Education-Content-Knowledge-5101 Study Material - Valid Business-Education-Content-Knowledge-5101 Test Question

Free Business-Education-Content-Knowledge-5101 Study Material - Valid Business-Education-Content-Knowledge-5101 Test Question

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PRAXIS Praxis Business Education: Content Knowledge (5101)Exam Sample Questions (Q17-Q22):

NEW QUESTION # 17
There arerunny factors of production thatcontribute to the output of a final product. Place thedescriptions below into the appropriate categories.

Answer:

Explanation:

Explanation:

The factors of production are categorized as Land (natural resources, e.g., minerals, water), Labor (human effort, e.g., workers' skills), Capital (physical assets, e.g., machinery, buildings), and Entrepreneurship (organizing resources and taking risks, e.g., business innovation). The question requires matching descriptions to these categories, a common task in economics education. The provided answer image correctly aligns the descriptions with each category. This question falls under the Economics category, emphasizing production factors.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Economics; Principles of Economics, Chapter 2.


NEW QUESTION # 18
Which of the following is a national association of marketing education students that provides teachers and members with activities to develop career skills in marketing, entrepreneurship, and management?

  • A. National Council on Economic Education (NCEE)
  • B. National Association of Supervisors for Business Education (NASBE)
  • C. National Tech Prep Network (NTPN)
  • D. Distributive Education Clubs of America (DECA)

Answer: D

Explanation:
Distributive Education Clubs of America (DECA) is a national association for marketing education students, offering activities and competitions to develop skills in marketing, entrepreneurship, and management. Option A (NTPN) supports tech prep programs, not marketing. Option C (NASBE) is for educators, not students.
Option D (NCEE) focuses on economic education. This question falls under the Professional Business Education category, emphasizing student organizations.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Professional Business Education; DECA National Guidelines.


NEW QUESTION # 19
Which of the following laws establishes the right to form unions?

  • A. National Labor Relations Act
  • B. Taft-Hartley Act
  • C. Fair Labor Standards Act
  • D. Norris-LaGuardia Act

Answer: A

Explanation:
The National Labor Relations Act (NLRA) of 1935, also known as the Wagner Act, establishes workers' rights to form unions, engage in collective bargaining, and participate in strikes. Option B (Norris-LaGuardia Act) limits injunctions against unions but does not establish the right to form them. Option C (Taft-Hartley Act) regulates union activities but does not grant formation rights. Option D (Fair Labor Standards Act) addresses wages and hours, not unions. This question falls under the Business Law category, focusing on labor law.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Business Law; Business Law: Text and Cases, Chapter 34.


NEW QUESTION # 20
As a consequence of bankruptcies resulting from fraudulent accounting practices and lack of ethical behavior by corporate officials, the United States Congress passed legislation in 2002 in an attempt to increase the accountability of corporate executives. Which of the following laws did Congress pass for this purpose?

  • A. Provide Appropriate Tools Required to Intercept and Obstruct Terrorism (PATRIOT) Act
  • B. Robinson-Patman Act
  • C. Sarbanes-Oxley Act
  • D. Consumer Credit Protection Act

Answer: C

Explanation:
The Sarbanes-Oxley Act (SOX) of 2002 was enacted to enhance corporate accountability and prevent fraudulent accounting practices following scandals like Enron. It imposes stricter financial reporting and auditing requirements. Option B (PATRIOT Act) addresses terrorism, not corporate governance. Option C (Robinson-Patman Act) prevents price discrimination. Option D (Consumer Credit Protection Act) protects credit consumers, not corporate accountability. This question aligns with the Business Law category, emphasizing corporate ethics.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Business Law; Business Law: Text and Cases, Chapter 41.


NEW QUESTION # 21
To exchange one currency for another in international transactions, companies rely on a mechanism called the

  • A. Eurocurrency market
  • B. foreign exchange market
  • C. international bond market
  • D. international equity market

Answer: B

Explanation:
The foreign exchange market facilitates the exchange of one currency for another, enabling international transactions by determining exchange rates. Option A (Eurocurrency market) deals with currencies held outside their home country. Option C (international equity market) involves stock trading. Option D (international bond market) pertains to debt securities. This question aligns with the Economics category, focusing on international finance.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Economics; International Economics, Chapter 13.


NEW QUESTION # 22
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