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

1. Which of the following is characteristic of a laissez-faire management style?

A) Asking for employee input but failing to follow up on suggestions
B) Seeking input of all workers yet exercising total control
C) Taking charge and solely developing policies and procedures
D) Permitting employees to make independent decisions and providing only general guidance

2. Which of the following best describes the market structure of the soft drink industry?

A) An oligopoly that carries tight government restrictions
B) A monopoly that suffers from excessive competition
C) An oligopoly that requires a huge upfront investment
D) A monopoly that restricts further competition

3. The easiest and most popular business structure to implement is a

A) partnership
B) limited liability company
C) sole proprietorship
D) corporation

4.

5. Which of the following is a form of secondary research?

A) Interviewing an employee
B) Observing customer behavior
C) Reviewing personnel data in company records
D) Administering a questionnaire to employees

Solutions: