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PRAXIS Praxis Business Education: Content Knowledge (5101)Exam Sample Questions (Q37-Q42):
NEW QUESTION # 37
Which THREE of the following are the primary responsibilities of a human resources department?
- A. Developing new product designs and production strategies
- B. Communicating employer policies and expectations
- C. Facilitating new employees' orientation
- D. Compiling and posting financial statements
- E. Advising employees on privacy rights and health insurance options
Answer: B,C,E
Explanation:
Human resources (HR) departments focus on employee-related functions. Option A (facilitating orientation) is a core HR responsibility to onboard new employees. Option C (communicating policies) ensures employees understand workplace expectations. Option E (advising on privacy and insurance) involves HR's role in employee benefits and compliance. Option B (financial statements) is a finance department task. Option D (product designs) belongs to product development or engineering. This question aligns with the Management and Marketing category, emphasizing HR functions.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Management and Marketing; Human Resource Management, Chapter 1.
NEW QUESTION # 38
Which of the following is a market in which a group of companies buys and resells goods to companies that use these goods to create other products?
- A. Consumer market
- B. Demographic market
- C. Organizational market
- D. Governmental market
Answer: C
Explanation:
The organizational market (also called the business-to-business or B2B market) involves companies purchasing goods to use in producing other products or for resale. Option A (consumer market) involves end consumers. Option B (demographic market) is not a standard term but refers to consumer segments. Option C (governmental market) involves government purchases, not necessarily for production. This question aligns with the Management and Marketing category, emphasizing market types.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Management and Marketing; Principles of Marketing, Chapter 6.
NEW QUESTION # 39
A company's financial statements show the following for the fiscal year: total assets of $1,200,000, total liabilities of $750,000, net income of $150,000, and dividends paid of $50,000. The company has no preferred stock, and the beginning retained earnings were $200,000. What is the company's ending retained earnings?
- A. $400,000
- B. $300,000
- C. $250,000
- D. $350,000
Answer: B
Explanation:
Retained earnings represent the cumulative net income retained by a company after dividends. The formula for ending retained earnings is: Ending Retained Earnings = Beginning Retained Earnings + Net Income # Dividends. Given the beginning retainedearnings of $200,000, net income of $150,000, and dividends of
$50,000, the calculation is: $200,000 + $150,000 # $50,000 = $300,000. Option A ($250,000) incorrectly omits net income or miscalculates dividends. Option C ($350,000) ignores dividends. Option D ($400,000) adds dividends instead of subtracting. This question tests advanced financial statement analysis, a critical component of the Accounting and Finance category, requiring precise application of the retained earnings formula under time pressure, typical of the Praxis 5101 exam's complexity.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Accounting and Finance; Financial Accounting, Chapter 11.
NEW QUESTION # 40
According to the marketing concept, the focus of the marketing mix is the
- A. employee
- B. customer
- C. plan
- D. competition
Answer: B
Explanation:
The marketing concept emphasizes customer satisfaction as the core of business activities, with the marketing mix (product, price, place, promotion) designed to meet customer needs. Option A (plan) is a tool, not the focus. Option C (competition) is a consideration, not the primary focus. Option D (employee) is secondary to the customer. This question falls under the Management and Marketing category, emphasizing marketing principles.
Reference:ETS Praxis Business Education: Content Knowledge (5101) StudyCompanion, Section on Management and Marketing; Principles of Marketing, Chapter 1.
NEW QUESTION # 41
Answer:
Explanation:
NEW QUESTION # 42
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