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

1. Which of the following describes how a company is most likely to benefit from expanding a product line?

A) Customers who are loyal to the company's brands will be likely to try its new products.
B) Expanding a product line limits the company's allocation of preferred shelf space in the marketplace.
C) Consumers are assured that they can rely on consistency across all the company's brands.
D) Expanding a product line lets the company expand a generic product line.

2. Which of the following steps in new product development should occur first?

A) Idea evaluation
B) Idea generation
C) Commercialization
D) Business analysis

3. A warehouse manager wants to clarify the date and time of an employee meeting and sends an instant message (IM) to another manager in the warehouse. The use of IM is considered acceptable because the sender is most likely to be

A) finishing a sensitive discussion
B) avoiding a permanent record
C) multitasking during a meeting
D) needing an immediate response

4. Which of the following statements is true about all issued common stocks?

A) They are secured by the tangible assets of a corporation.
B) They pay periodic dividends that are fixed in nominal terms.
C) Ownership is transferred on organized stock exchanges.
D) They are a form of direct financing.

5. Which of the following types of statements is referred to as a picture of a company in the future?

A) Mission statement
B) Vision statement
C) Value statement
D) Closing statement

Solutions: