Exam Business-Education-Content-Knowledge-5101 Material - Real Business-Education-Content-Knowledge-5101 Dumps Free
Exam Business-Education-Content-Knowledge-5101 Material - Real Business-Education-Content-Knowledge-5101 Dumps Free
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PRAXIS Praxis Business Education: Content Knowledge (5101)Exam Sample Questions (Q89-Q94):
NEW QUESTION # 89
Which of the following statements most accurately describes the partnership form of a business organization?
- A. Owners' liability is limited to the amount of their investment in the partnership.
- B. Each partner is fully liable for all debts incurred by the partnership.
- C. A partnership is more difficult and expensive to start up than a corporation.
- D. Owners do not have control of daily decisions unless they are officers of the partnership.
Answer: B
Explanation:
In a general partnership, each partner has unlimited liability, meaning they are fully responsible for all partnership debts, regardless of their investment. Option A describes limited liability, applicable to corporations or limited partnerships. Option C is incorrect, as partnerships are simpler and less costly to start than corporations. Option D is incorrect, as partners typically have control over daily decisions. This question falls under the Entrepreneurship category, focusing on business structures.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Entrepreneurship; Business Law, Chapter 14.
NEW QUESTION # 90
Which of the following is most likely to teach skills that will help students make a smooth transition from school to work?
- A. Making an educational plan
- B. Joining a student organization
- C. Searching for a part-time job
- D. Developing an electronic portfolio
Answer: D
Explanation:
Developing an electronic portfolio showcases students' skills, projects, and achievements, directly demonstrating competencies to employers, aiding the school-to-work transition. Option A (educational plan) guides academic paths, not workplace skills. Option B (student organization) builds leadership but is less direct. Option C (part-time job) provides experience but is not curriculum-based. This question falls under the Professional Business Education category, emphasizing career preparation.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Professional Business Education; Career and Technical Education, Chapter 6.
NEW QUESTION # 91
Students are creating a digital storyboard that includes music. According to Fair Use Guidelines for Educational Multimedia, which of the following is the most students may use of any one song in their presentation?
- A. No more than 30 seconds
- B. Less than 3 minutes
- C. No more than 1,000 words
- D. Between 100 and 150 of the lyrics
Answer: A
Explanation:
According to the Fair Use Guidelines for Educational Multimedia, students may use up to 10% or 30 seconds of a copyrighted song, whichever is less, for educational projects like a digital storyboard, without requiring permission. Option B (less than 3 minutes) exceeds the guideline. Option C (1,000 words) applies to text, not music. Option D (100-150 lyrics) is incorrect, as the limit is time-based for music. This question aligns with the Business Law category, emphasizing copyright law in education.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Business Law; Fair Use Guidelines for Educational Multimedia, Section 4.2.
NEW QUESTION # 92
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. $350,000
- D. $250,000
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 # 93
The primary purpose of the income statement of a business is to provide
- A. the financial projections for the business for a specific period of time
- B. the debt-to-equity ratio of the business on a specific date
- C. a listing of accounts receivable and accounts payable on a specific date
- D. the financial progress of the business for a specific period of time
Answer: D
Explanation:
The income statement, also known as the profit and loss statement, summarizes a company's revenues, expenses, and profits or losses over a specific period of time. Its primary purpose is to show the financial progress of the business, indicating whether it has made a profit or incurred a loss during that period. Option A (debt-to-equity ratio) is incorrect because this ratio is derived from the balance sheet, not the income statement. Option B (financial projections) refers to forecasts or budgets, not historical performance, which is the focus of the income statement. Option D (accounts receivable and payable) is also related to the balance sheet, not the income statement. The correct answer, C, aligns with the Praxis 5101 content category of Accounting and Finance, which includes understanding financial statements.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Accounting and Finance; Horngren's Financial & Managerial Accounting, Chapter 2.
NEW QUESTION # 94
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