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Reliable Business-Education-Content-Knowledge-5101 Exam Answers & Business-Education-Content-Knowledge-5101 Study Materials

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PRAXIS Praxis Business Education: Content Knowledge (5101)Exam Sample Questions (Q114-Q119):

NEW QUESTION # 114
Which of the following issues was the Computer Fraud and Abuse Act (CFAA) originally created to address?

A. Cyberbullying
B. Hacking
C. Unsolicited email messages
D. Identity theft

Answer: B

Explanation:
The Computer Fraud and Abuse Act (CFAA) of 1986 was originally enacted to address hacking, specifically unauthorized access to computer systems. Option A (unsolicited emails) is covered by laws like CAN-SPAM.
Option B (identity theft) is addressed by other statutes, like the Identity Theft and Assumption Deterrence Act. Option D (cyberbullying) is handled under state laws or cyberstalking regulations. This question falls under the Information Technology category, emphasizing cyberlaw.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Information Technology; Cybersecurity Law, Chapter 2.

NEW QUESTION # 115
Which of the following steps should always be completed before entering records in a database software file?

A. Developing formulas for processing the data
B. Determining the number of records to be input
C. Defining the fields for the record layout
D. Designing the output layout

Answer: C

Explanation:
Before entering records in a database, defining the fields for the record layout is essential to establish the structure, including data types and field names, ensuring accurate data entry and retrieval. Option A (number of records) is useful for planning but not mandatory. Option B (output layout) is relevant for reporting, not data entry preparation. Option C (formulas) applies to data processing, not initial setup. This question aligns with the Information Technology category, emphasizing database management.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Information Technology; Database Systems: Design, Implementation, and Management, Chapter 4.

NEW QUESTION # 116
A business education teacher is preparing a lesson on contract law and wants to illustrate a scenario where a contract is voidable due to misrepresentation. Which of the following scenarios best demonstrates a voidable contract due to fraudulent misrepresentation?

A. A company signs a lease agreement with a landlord who mistakenly lists the wrong square footage, but the company signs without verifying the details.
B. A vendor sells a used laptop to a student, claiming it is new, knowing it was refurbished, and the student relies on this claim when purchasing.
C. An employer offers a job candidate a salary that is lower than advertised, but the candidate accepts without noticing the discrepancy.
D. A retailer sells a product with a minor defect that does not affect its functionality, and the buyer does not inspect the product before purchase.

Answer: B

Explanation:
A voidable contract can be canceled by one party due to fraudulent misrepresentation, which requires a false statement of fact, made knowingly or recklessly, with intent to induce reliance, and actual reliance causing harm. In Option A, the vendor's claim that the laptop is new, despite knowing it is refurbished, is a deliberate false statement, inducing the student's purchase, making the contract voidable due to fraud. Option B involves a mistake, not fraudulent misrepresentation, as there's no intent to deceive. Option C is a negotiation issue, not misrepresentation, as the offer was clear. Option D involves a minor defect, not a false statement of fact, and lacks fraudulent intent. This question tests nuanced understanding of contract law, a key area in the Business Law category, challenging candidates to distinguish between types of misrepresentation and contract enforceability, reflecting the Praxis 5101 exam's depth.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Business Law; Business Law: Text and Cases, Chapter 12.

NEW QUESTION # 117
Which of the following best describes a balance sheet?

A. A record of the cash flow in and out of a company that divides cash into operating, investing, and financing activities
B. A record of a company's financial activities for parties including investors, management, and tax officials
C. A record of a company's profits and expenses that shows whether the company made or lost money
D. A record of a point-in-time snapshot of the assets, liabilities, and equity of a company

Answer: D

Explanation:
A balance sheet provides a snapshot of a company's financial position at a specific point in time, detailing its assets, liabilities, and equity. Option A describes financial reporting broadly, not specifically the balance sheet. Option B describes the income statement. Option C refers to the statement of cash flows. This question aligns with the Accounting and Finance category, emphasizing financial statements.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Accounting and Finance; Financial Accounting, Chapter 2.

NEW QUESTION # 118
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. Premium pricing
B. Dynamic parity
C. Pure parity
D. Discount pricing

Answer: B

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 # 119
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