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PRAXIS Business-Education-Content-Knowledge-5101 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Professional Business Education	10%	- Teaching and professional practice 1. Pedagogy and instructional methods 2. Career and technical education standards
Topic 2: Communication and Career Development	15%	- Business communication and career readiness 1. Written and oral communication 2. Career research and employment preparation
Topic 3: Information Technology	15%	- Business technology systems 1. IT concepts and operations 2. Office applications and data systems
Topic 4: Entrepreneurship	10%	- Business formation and entrepreneurship 1. Opportunity identification and entrepreneurial traits 2. Business plans and ownership types
Topic 5: Law and International Business	10%	- Business law and global business 1. International trade and business environments 2. Contract law and consumer law
Topic 6: Economics	10%	- Micro and macroeconomic fundamentals 1. Supply and demand 2. Economic systems and indicators
Topic 7: Marketing and Management	10%	- Marketing principles and management functions 1. Marketing mix and strategies 2. Human resource and management principles
Topic 8: Accounting and Finance	15%	- Financial accounting principles and processes 1. Business and personal finance concepts (credit, investments) 2. Accounting cycle and financial statements

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

Question 1

Which of the following is a primary reason for a country to employ the policy of protectionism?

A. New jobs are created in areas such as global trade.
B. Competition forces businesses to be more efficient and productive.
C. Consumers have more choice in the variety, price, and quality of products.
D. Foreign competition can lower the demand for products made domestically.

Question 2

Which of the following best defines a legally enforceable contract?

A. Agreement, consideration, and the mandatory requirement that only one of the parties is required to be rational and sane
B. Agreement, consideration, contractual capacity, and the mandatory requirement that the object of the contract is lawful
C. Consideration without the mandatory requirement of mutual assent by the parties of the offer and acceptance
D. Agreement, consideration, and the mandatory inclusion of gift promises and moral obligations

Question 3

The Federal Reserve Bank can increase the rate of growth of the money supply primarily by

A. selling government securities in the open market
B. buying government securities on the open market
C. raising the discount rate
D. raising the reserve requirement

Question 4

A business owner has just purchased a piece of equipment for $3,500. The terms of the purchase state that if the balance is paid in full within 30 days, the buyer will receive 1% off. If the owner pays in full two weeks after the purchase, which of the following is the amount the owner will pay?

A. $3,150
B. $3,000
C. $2,975
D. $3,465

Question 5

A company's financial statements show the following for the fiscal year: total assets of $1,200,000, total liabilities of $750,000, net income of $150,000, and dividends paid of $50,000. The company has no preferred stock, and the beginning retained earnings were $200,000. What is the company's ending retained earnings?

A. $250,000
B. $300,000
C. $400,000
D. $350,000

Solutions:

Question 1
Answer: D

Question 2
Answer: B

Question 3
Answer: B

Question 4
Answer: D

Question 5
Answer: B