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NEW QUESTION # 116
Which of the following best defines a legally enforceable contract?
Answer: D
Explanation:
A legally enforceable contract requires an agreement (offer and acceptance), consideration (something of value exchanged), contractual capacity (parties must be competent), and a lawful object (purpose must be legal). Option A is incorrect, as both parties must have capacity. Option B is incorrect, as gift promises and moral obligations are not enforceable. Option C lacks mutual assent, a key element. This question aligns with the Business Law category, focusing on contract law.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Business Law; Business Law: Text and Cases, Chapter 10.
NEW QUESTION # 117
Which of the following terms is best defined as the unscrupulous acquisition of financial information on the Internet?
Answer: A
Explanation:
Phishing involves fraudulently obtaining financial or personal information through deceptive emails or websites, fitting the description of unscrupulous acquisition. Option A (spamming) refers to unsolicited bulk messages. Option C (blogging) is online content creation. Option D (downloading) is file transfer, not inherently unscrupulous. This question falls under the Information Technology category, focusing on cybercrime.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Information Technology; Cybersecurity Essentials, Chapter 3.
NEW QUESTION # 118
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?
Answer: D
Explanation:
Spreadsheet programs, such as Microsoft Excel, are designed for data analysis and visualization, making them ideal for creating pie charts and bar graphs to display financial data like end-of-year profits. Option A (word processing) is better for text documents, not charts. Option C (database) is for data storage and querying, not visualization. Option D (desktop publishing) focuses on layout design, not data graphing. This question aligns with the Information Technology category, emphasizing software applications.
Reference:ETS Praxis Business Education: Content Knowledge (5101) StudyCompanion, Section on Information Technology; Introduction to Business Information Systems, Chapter 5.
NEW QUESTION # 119
Which of the following is a market in which a group of companies buys and resells goods to companies that use these goods to create other products?
Answer: D
Explanation:
The organizational market (also called the business-to-business or B2B market) involves companies purchasing goods to use in producing other products or for resale. Option A (consumer market) involves end consumers. Option B (demographic market) is not a standard term but refers to consumer segments. Option C (governmental market) involves government purchases, not necessarily for production. This question aligns with the Management and Marketing category, emphasizing market types.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Management and Marketing; Principles of Marketing, Chapter 6.
NEW QUESTION # 120
Which of the following steps in new product development should occur first?
Answer: A
Explanation:
Idea generation is the first step in new product development, involving brainstorming and identifying potential product concepts. Option B (idea evaluation) follows to screen ideas. Option C (business analysis) assesses feasibility after screening. Option D (commercialization) is the final launch step. This question aligns with the Management and Marketing category, focusing on product development processes.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Management and Marketing; Principles of Marketing, Chapter 8.
NEW QUESTION # 121
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