Business-Education-Content-Knowledge-5101 Exam Dumps – PDF Questions and Testing Engine [Q10-Q30]

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Business-Education-Content-Knowledge-5101 Exam Dumps – PDF Questions and Testing Engine

Business-Education-Content-Knowledge-5101 Dumps – The Sure Way To Pass Exam

NO.10 Which of the following steps in new product development should occur first?

Idea generation

Idea evaluation

Business analysis

Commercialization

NO.11 Which of the following is the best example of eminent domain?

The state government intends to build a ramp to the highway and takes privately owned land to complete the building project.

The local government tells homeowners that they may not build a multifamily dwelling in an area containing only single-family dwellings.

The local government lays pipeline beneath the surface of privately owned land.

The state government grants property ownership to homeowners who discover the property line runs through the middle of their home.

NO.12 A human resources director at a food distribution company is responsible for making sure that employees are paid according to a weekly time schedule. While the employees have chosen to be paid by direct deposit to their accounts, the company must still inform employees that the transaction has occurred. Which of the following is the most effective communication mode for providing the pertinent information?

Conducting a video conference for each department

Sending each employee a confidential paper record

Informing the workforce in a timely email notification

Posting a generic statement in the company’s newsletter

NO.13 Which of the following best describes a balance sheet?

A record of a company’s financial activities for parties including investors, management, and tax officials

A record of a company’s profits and expenses that shows whether the company made or lost money

A record of the cash flow in and out of a company that divides cash into operating, investing, and financing activities

A record of a point-in-time snapshot of the assets, liabilities, and equity of a company

NO.14 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 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.

A company signs a lease agreement with a landlord who mistakenly lists the wrong square footage, but the company signs without verifying the details.

An employer offers a job candidate a salary that is lower than advertised, but the candidate accepts without noticing the discrepancy.

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.

NO.15 Which of the following describes how a company is most likely to benefit from expanding a product line?

Customers who are loyal to the company’s brands will be likely to try its new products.

Expanding a product line lets the company expand a generic product line.

Expanding a product line limits the company’s allocation of preferred shelf space in the marketplace.

Consumers are assured that they can rely on consistency across all the company’s brands.

NO.16 Which of the following is the primary purpose of job performance standards?

To clarify the structure of an organization

To identify work expectations for the employee

To identify the qualifications needed to hold a position

To define the goals to be accomplished by the employer

NO.17 One of the primary goals of individualized instruction in business education is to

reduce the cost of instructional materials needed

encourage cooperation among all instructors of the same students

teach general theories rather than specific skills that may become obsolete

allow the student to progress at the most appropriate rate

NO.18 Which of the following is the best way for a person to gain the job experience needed in a particular area?

Finding and obtaining an internship

Visiting an employment agency

Networking with friends and family

Researching employment websites

NO.19 Which THREE of the following are the primary responsibilities of a human resources department?

Facilitating new employees’ orientation

Compiling and posting financial statements

Communicating employer policies and expectations

Developing new product designs and production strategies

Advising employees on privacy rights and health insurance options

NO.20 To exchange one currency for another in international transactions, companies rely on a mechanism called the

international bond market

foreign exchange market

Eurocurrency market

international equity market

NO.21 Which of the following is the standard guideline for managing financial risk?

Diversification

Liquidization

Securitization

Capitalization

NO.22 Establishing and maintaining high standards in how work is done and in the output of goods and services is commonly referred to as

customer service

effective production

total quality management

standardization

NO.23 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?

Pure parity

Dynamic parity

Premium pricing

Discount pricing

NO.24 Which of the following is the most effective way for a company to address a service recovery problem?

Having only customer service employees deal directly with the customer to solve the problem

Involving the customer, managers, and frontline employees to address and fix the problem

Offering the customer an apology for the problem, and then assuming the issue has been resolved

Providing the customer with compensation for the problem, no matter the cost

NO.25 Under ordinary circumstances, the average amount of unemployment in an economy is called the

cyclical rate of unemployment

typical rate of unemployment

frictional rate of unemployment

natural rate of unemployment

NO.26 Which of the following best illustrates a progressive tax system?

All taxpayers pay the same percentage of their income in taxes, with those who have higher incomes paying more in taxes.

Taxpayers pay taxes based on income brackets, with the percentage of taxes paid on income increasing as the taxpayer moves to a higher bracket.

Taxpayers pay a flat percentage tax based on the total value of their real estate holdings.

Taxpayers pay a flat percentage tax on sales, so that those who spend more pay more in taxes.

NO.27 To calculate the net worth of a business, an entrepreneur should subtract

the liabilities from the total assets

the liabilities from the current assets

the total expenditures from the total revenue

the current liabilities from the owner’s equity

NO.28 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?

National Tech Prep Network (NTPN)

Distributive Education Clubs of America (DECA)

National Association of Supervisors for Business Education (NASBE)

National Council on Economic Education (NCEE)

NO.29 Of the following software applications, which is most effective for generating pie charts and bar graphs to illustrate a company’s end-of-year profits?

A word processing program

A spreadsheet program

A database program

A desktop publishing program

NO.30 Which of the following do shareholders receive either quarterly or annually, when the board of directors authorizes a distribution of company earnings?

Short-term capital gains

Long-term capital gains

Dividends

Royalties