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PRAXIS Praxis Business Education: Content Knowledge (5101)Exam Sample Questions (Q71-Q76):

NEW QUESTION # 71
The primary goal of just-in-time inventory planning is to

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

Answer: A

Explanation:
Just-in-time (JIT) inventory planning aims to minimize inventory levels by receiving goods only as needed, reducing storage costs and waste. Option A (ordering costs) is a secondary benefit. Option C (avoiding stockouts) is a concern but not the primary goal. Option D (increasing storage) contradicts JIT principles. This question aligns with theManagement and Marketing category, emphasizing operations management.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Management and Marketing; Operations Management, Chapter 12.

NEW QUESTION # 72
The Robinson-Patman Act was initially enacted for which of the following purposes?

A. To protect employees from job discrimination
B. To eliminate price discrimination in interstate commerce
C. To provide employees with a safe work environment
D. To eliminate price discrimination in intrastate commerce

Answer: B

Explanation:
The Robinson-Patman Act (1936) was enacted to prevent price discrimination in interstate commerce, ensuring fair competition by prohibiting sellers from offering different prices to similar buyers without justification. Option B (intrastate commerce) is incorrect, as the act applies to interstate transactions. Option C (job discrimination) and Option D (work environment) are unrelated, addressed by other laws. This question falls under the Business Law category, emphasizing antitrust law.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Business Law; Business Law: Text and Cases, Chapter 45.

NEW QUESTION # 73
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 # 74
Which of the following is a primary purpose of financial markets?

A. Lowering the yield on bonds
B. Allocating capital efficiently
C. Controlling inflation
D. Increasing the price of common stock

Answer: B

Explanation:
Financial markets facilitate the allocation of capital by connecting investors with businesses and governments needing funds, ensuring resources are directed to productive uses. Option B (controlling inflation) is a monetary policy function, primarily handled by central banks. Option C (increasing stock prices) is not a primary purpose, as stock prices fluctuate based on market dynamics. Option D (lowering bond yields) is an outcome of market conditions, not a purpose. This question aligns with the Accounting and Finance category, emphasizing the role of financial systems.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Accounting and Finance; Financial Markets and Institutions, Chapter 1.

NEW QUESTION # 75
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 Tech Prep Network (NTPN)
C. National Association of Supervisors for Business Education (NASBE)
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 # 76
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The Best Accurate Trustable Valid Business-Education-Content-Knowledge-5101 Mock Test Covers the Entire Syllabus of Business-Education-Content-Knowledge-5101

Quiz Fantastic PRAXIS - Valid Business-Education-Content-Knowledge-5101 Mock Test

PRAXIS Praxis Business Education: Content Knowledge (5101)Exam Sample Questions (Q71-Q76):

Helpful Features of Business-Education-Content-Knowledge-5101 PDF Questions

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