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PRAXIS Praxis Business Education: Content Knowledge (5101)Exam Sample Questions (Q74-Q79):

NEW QUESTION # 74
Which of the following types of charts is used with spreadsheets to show the relation between the fractional parts that make up a whole amount?

A. Line charts
B. Scatter charts
C. Pie charts
D. Flowcharts

Answer: C

Explanation:
Pie charts are used in spreadsheets to display the proportional relationship of fractional parts to a whole, such as percentages of a total amount. Option A (flowcharts) illustrates processes, not proportions. Option B (line charts) shows trends over time. Option C (scatter charts) displays relationships between variables. This question falls under the Information Technology category, focusing on data visualization.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Information Technology; Microsoft Excel Documentation, Chart Types.

NEW QUESTION # 75
Under ordinary circumstances, the average amount of unemployment in an economy is called the

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

Answer: C

Explanation:
The natural rate of unemployment is the average level of unemployment in an economy under normal conditions, including frictional and structural unemployment but excluding cyclical unemployment. Option A (cyclical) relates to economic downturns. Option B (typical) is not a standard term. Option C (frictional) is a component of the natural rate but not the full concept. This question aligns with the Economics category, emphasizing labor economics.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Economics; Principles of Economics, Chapter 28.

NEW QUESTION # 76
The easiest and most popular business structure to implement is a

A. partnership
B. corporation
C. limited liability company
D. sole proprietorship

Answer: D

Explanation:
A sole proprietorship is the easiest and most popular business structure to implement due to its simplicity, requiring minimal legal formalities, low setup costs, and direct control by the owner. Option A (partnership) involves agreements between multiple parties, increasing complexity. Option B (corporation) requires extensive legal and regulatory compliance. Option C (limited liability company) involves more paperwork than a sole proprietorship. This question falls under the Entrepreneurship category, emphasizing business structures.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Entrepreneurship; Business Law, Chapter 13.

NEW QUESTION # 77
Which of the following actions is most likely to be considered a breach of social responsibility by a company?

A. Circumventing a zoning board decision that prohibits development of an environmentally sensitive area
B. Increasing employee productivity by reducing the number of employee hours used for each unit of production
C. Underbidding competitors for a government contract
D. Attempting to maximize profits by reducing overhead

Answer: A

Explanation:
Social responsibility involves ethical actions that consider societal and environmental impacts. Circumventing a zoning board decision to develop an environmentally sensitive area violates social responsibility by prioritizing profit over environmental protection. Options A and B (reducing overhead, increasing productivity) are standard business practices, not inherently unethical. Option C (underbidding) is competitive, not necessarily irresponsible. 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 Ethics, Chapter 4.

NEW QUESTION # 78
To exchange one currency for another in international transactions, companies rely on a mechanism called the

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

Answer: C

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 # 79
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PRAXIS Praxis Business Education: Content Knowledge (5101)Exam Sample Questions (Q74-Q79):

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