Praxis 5101 - Study guides, Class notes & Summaries

Praxis 5101 Questions and Answers Already Passed According to research, the competency most needed for success in most business occupations today is A. Computer Literacy B. Communication Skills C. Records Management D. Time Management Communication skills Computer literacy, records management, and time management or all skills that can be taught and improved by a business. Communication skills are the one competency that employees must possess as they enter the job. And employee is concerne...

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PRAXIS 5101 Latest 2023 Already Graded A Assets Something valuable that an entity owns, benefits from, or has use of, in generating income. Different types of assets Fixed, variable, intangible, tangible examples of fixed assets Tangible assets used to generate profit and will not be turned into cash within the year: "plant," land, computer equipment, furniture, cars, buildings, and equipment used to make products What are variable assets May be transformed to cash sooner; inventory of prod...

Business 5101 Praxis Practice TEST 100% Pass Command Economy Govt. Controlling Prices & Production Security&Exchange Commission(SEC) responsibilities: Regulate securities, investigate insider trading, process applications for initial public offerings(IPO's) Customer's desire for product and ability to obtain product Product demand is directly influenced by: Sarbanes-Oxley Act of 2002 Fight corporate & accounting fraud Buyer's Market Product availability exceeds demand Maslow's hierarchy...

Business Ed Praxis 5101 Questions and Answers Already Passed According to research, the competency most needed for success in most business occupations today is... Option (B), communication skills, is correct. Computer literacy, records management, and time management are all skills that can be taught and improved by a business. Communication skills are the one competency that employees must possess as they enter the job. An employee is concerned about the conduct of a colleague. Which of the ...

Business Praxis 5101 Questions and Answers Already Passed Setting up a face-to-face meeting with the colleague and discussing the problem An employee is concerned about the conduct of a colleague. Which of the following is the most appropriate way for the employee to address the matter? Probate court 3. Melinda's mother left a detailed will describing her wishes regarding the division of her real and personal property. Which of the following courts will administer the will and estate? Municip...

Praxis 5101: Law and International Business (2023/2024) 100% Pass Triangle Trade System A trade system that ran from the late 1500s to the early 1800s. It connected Africa, the American Colonies and the Caribbean and consisted of slaves, crops and manufactured goods. Protectionism is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations. Balances of Trade the differential b...

Praxis 5101: Entrepreneurship Questions and Answers Graded A Entrepreneur A person who organizes, manages, and takes on the risks of a business. Entrepreneurship and Economy Entrepreneurs serve as drivers of innovation. They serve a role of job creators. They serve niche markets. Though they can be small in scale they are important contributors to the economy. Creation of Entrepreneurs Entrepreneurs often exist to fill niche consumer needs. They can be created by technological advancements, ma...

Business Praxis 5101 - Accounting/Finance & Communications/Career Development 100% Pass fixed asset asset that is used to generate profit. It will not be turned into cash within the year. Ex: land, buildings, cars, equipment variable asset asset that is transformed to cash within a year. Includes inventory of the actual product. Can also include accounts receivable. intangible asset asset that is a brand name, logo, trademark, and patents. liquidity refers to how easily an asset can be bought...