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PRAXIS Praxis Business Education: Content Knowledge (5101)Exam Sample Questions (Q55-Q60):

NEW QUESTION # 55
What do parentheses around a numeric entry on a spreadsheet, such as (5543.32), indicate?

A. A numeric value intended to be treated as an alphabetic entry
B. A negative number
C. A conditional statement in the spreadsheet
D. A calculation of net profit

Answer: B

Explanation:
In spreadsheets like Microsoft Excel, parentheses around a numeric entry, such as (5543.32), indicate a negative number, a standard accounting convention for displaying losses or debits. Option A (net profit) is unrelated to formatting. Option C (conditional statement) pertains to formulas, not display. Option D (alphabetic entry) is incorrect, as the value remains numeric. This question aligns with the Information Technology category, emphasizing spreadsheet conventions.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Information Technology; Microsoft Excel Documentation, Number Formatting.

NEW QUESTION # 56
Under ordinary circumstances, the average amount of unemployment in an economy is called the

A. typical rate of unemployment
B. cyclical rate of unemployment
C. natural rate of unemployment
D. frictional 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 # 57
A human resources director at a food distribution company is responsible for making sure that employees are paid according to a weekly time schedule. While the employees have chosen to be paid by direct deposit to their accounts, the company must still inform employees that the transaction has occurred. Which of the following is the most effective communication mode for providing the pertinent information?

A. Informing the workforce in a timely email notification
B. Conducting a video conference for each department
C. Sending each employee a confidential paper record
D. Posting a generic statement in the company's newsletter

Answer: A

Explanation:
A timely email notification is the most effective and efficient way to inform employees of direct deposit transactions, as it is quick, scalable, and can be personalized while maintaining confidentiality. Option A (video conference) is time-consuming and impractical for routine notifications. Option B (paper record) is inefficient and less secure. Option D (newsletter statement) lacks specificity and confidentiality. This question aligns with the Communication and Career Development category, emphasizing workplace communication methods.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Communication and Career Development; Business Communication, Chapter 6.

NEW QUESTION # 58
To exchange one currency for another in international transactions, companies rely on a mechanism called the

A. international equity market
B. foreign exchange market
C. Eurocurrency market
D. international bond 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 # 59
Company A is the category leader in the orange juice industry and produces Product A at $3.00 per unit.
Company B is the second category leader in the industry and produces Product B at $2.70 per unit. Because an early frost affected the orange crop, Company A raised the price of Product A to $4.00 per unit. Company B subsequently raised the price of Product B to $3.60 per unit. Which of the following pricing strategies is Company B using for Product B?

A. Pure parity
B. Premium pricing
C. Discount pricing
D. Dynamic parity

Answer: D

Explanation:
Dynamic parity pricing involves setting prices in response to a competitor's price changes while maintaining a relative price position. Company B raises Product B's price to $3.60 after Company A increases Product A's price to $4.00, keeping Product B's price lower but aligned with the market leader's adjustment. Option A (pure parity) implies matching the competitor's price exactly, which is not the case. Option C(premium pricing) involves setting a higher price for perceived superior value, not applicable here. Option D (discount pricing) involves consistently lower prices, not a reactive adjustment. This question aligns with the Management and Marketing category, focusing on pricing strategies.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Management and Marketing; Principles of Marketing, Chapter 10.

NEW QUESTION # 60
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PRAXIS Business-Education-Content-Knowledge-5101 Valid Test Registration - Business-Education-Content-Knowledge-5101 Brain Exam

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PRAXIS Praxis Business Education: Content Knowledge (5101)Exam Sample Questions (Q55-Q60):

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