PRAXIS 5101 COMPREHENSIVE EXAM
STUDY GUIDE WITH COMPLETE
SOLUTIONS
●● Multinational Companies
Answer: A positive trade agenda is beneficial for?
●● Probate Court
Answer: Deals with the legal certification of wills and the administration
of estates of the deceased.
●● Generation Y
Answer: Grown up with computers and the Internet playing a significant
role in their lives.
●● Letter
Answer: To thank a boss for allowing a person to attend a business-
related seminar and then share what that person learned from the
seminar. What would be the most appropriate form of communication?
●● Corporations
Answer: Require state charters and operate separately from their owners.
,●● Joint ventures
Answer: Do not require a state charter.
●● Partnerships
Answer: Do not require a state charter.
●● Sole Proprietorships
Answer: Do not require a state charter.
●● The United States Treasury
Answer: Not a depository institution. It borrows the money needed to
operate the federal government from a variety of sources.
●● This is to protect its consumers and industries
Answer: Primary reason a country might use import tariffs, quotas, or
licensing requirements?
●● Grapevine
Answer: Informal channel of business communication. It is called this
because it stretches throughout an organization in all directions,
irrespective of authority level.
●● Blog
,Answer: Collaborators can leave comments but not edit the author's
statements.
●● Wiki
Answer: Collaborators can edit the content on the site.
●● Blog
Answer: Organized in reverse chronological order.
●● Wiki
Answer: Organized using a collection of hyperlinks to other individual
pages.
●● Blogs & Wiki
Answer: Incorporate social software allowing individuals to achieve
goals as a group.
●● Limited Partners
Answer: Invests capital in a business but does not participate in its
management.
●● General Partners
, Answer: A person who joins with at least one other person to form a
business.
●● Stakeholders
Answer: Can affect or be affected by the organization's actions,
objectives and policies.
●● Shareholder
Answer: An owner of shares in a company.
●● Annual Rate
Answer: Charged for borrowing (or made by investing), expressed as a
single percentage number that represents the actual yearly cost of funds
over the term of a loan.
●● Effective Rate
Answer: Actual rate of interest received on a savings account.
●● Nominal Rate
Answer: The interest rate before taking inflation into account.
●● Periodic Rate
STUDY GUIDE WITH COMPLETE
SOLUTIONS
●● Multinational Companies
Answer: A positive trade agenda is beneficial for?
●● Probate Court
Answer: Deals with the legal certification of wills and the administration
of estates of the deceased.
●● Generation Y
Answer: Grown up with computers and the Internet playing a significant
role in their lives.
●● Letter
Answer: To thank a boss for allowing a person to attend a business-
related seminar and then share what that person learned from the
seminar. What would be the most appropriate form of communication?
●● Corporations
Answer: Require state charters and operate separately from their owners.
,●● Joint ventures
Answer: Do not require a state charter.
●● Partnerships
Answer: Do not require a state charter.
●● Sole Proprietorships
Answer: Do not require a state charter.
●● The United States Treasury
Answer: Not a depository institution. It borrows the money needed to
operate the federal government from a variety of sources.
●● This is to protect its consumers and industries
Answer: Primary reason a country might use import tariffs, quotas, or
licensing requirements?
●● Grapevine
Answer: Informal channel of business communication. It is called this
because it stretches throughout an organization in all directions,
irrespective of authority level.
●● Blog
,Answer: Collaborators can leave comments but not edit the author's
statements.
●● Wiki
Answer: Collaborators can edit the content on the site.
●● Blog
Answer: Organized in reverse chronological order.
●● Wiki
Answer: Organized using a collection of hyperlinks to other individual
pages.
●● Blogs & Wiki
Answer: Incorporate social software allowing individuals to achieve
goals as a group.
●● Limited Partners
Answer: Invests capital in a business but does not participate in its
management.
●● General Partners
, Answer: A person who joins with at least one other person to form a
business.
●● Stakeholders
Answer: Can affect or be affected by the organization's actions,
objectives and policies.
●● Shareholder
Answer: An owner of shares in a company.
●● Annual Rate
Answer: Charged for borrowing (or made by investing), expressed as a
single percentage number that represents the actual yearly cost of funds
over the term of a loan.
●● Effective Rate
Answer: Actual rate of interest received on a savings account.
●● Nominal Rate
Answer: The interest rate before taking inflation into account.
●● Periodic Rate
