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

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

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

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

2. Which of the following is the best example of eminent domain?

A) The state government intends to build a ramp to the highway and takes privately owned land to complete the building project.
B) The local government lays pipeline beneath the surface of privately owned land.
C) The state government grants property ownership to homeowners who discover the property line runs through the middle of their home.
D) The local government tells homeowners that they may not build a multifamily dwelling in an area containing only single-family dwellings.

3. Which THREE of the following are the primary responsibilities of a human resources department?

A) Developing new product designs and production strategies
B) Advising employees on privacy rights and health insurance options
C) Compiling and posting financial statements
D) Communicating employer policies and expectations
E) Facilitating new employees' orientation

4. Which of the following components of a business plan primarily illustrates industry knowledge as well as any industry research findings and conclusions?

A) Service or product line
B) Market analysis
C) Executive summary
D) Organization and management

5. Which of the following procedures is most likely to improve the efficiency of a company's information- processing system?

A) Setting standards
B) Standardizing formats
C) Establishing priorities
D) Coding documents

Solutions: