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PRAXIS Business-Education-Content-Knowledge-5101 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Professional Business Education | 7% | - Curriculum and instruction
|
| Topic 2: Law and International Business | 15% | - Legal principles affecting business
|
| Topic 3: Entrepreneurship | 10% | - Entrepreneurial concepts and processes
|
| Topic 4: Information Technology | 15% | - Technology concepts and tools
|
| Topic 5: Accounting and Finance | 15% | - Fundamental accounting concepts and processes
|
| Topic 6: Economics | 13% | - Economic systems and performance
|
| Topic 7: Communication and Career Development | 13% | - Business communication principles and practices
|
| Topic 8: Management and Marketing | 12% | - Marketing concepts and strategies
|
PRAXIS Praxis Business Education: Content Knowledge (5101)Exam Sample Questions:
Martha sold 1,000 poinsettia plants at $9 each and had 100 remaining in inventory. Joe sold 1,000 poinsettia plants at $8 each and had none remaining in inventory. Which of the following can be inferred from the scenario?
- A. Martha's price is below equilibrium.
- B. Only Joe's price is at equilibrium.
- C. Joe's price and Martha's price are at equilibrium.
- D. Joe's price and Martha's price are above equilibrium.
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Which of the following is a primary purpose of financial markets?
- A. Lowering the yield on bonds
- B. Allocating capital efficiently
- C. Increasing the price of common stock
- D. Controlling inflation
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Which of the following is a line of credit for which a customer pays a commitment fee and is then allowed to use the funds when they are needed?
- A. Service credit
- B. Trade credit
- C. Revolving credit
- D. Installment credit
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Which of the following types of statements is referred to as a picture of a company in the future?
- A. Closing statement
- B. Vision statement
- C. Value statement
- D. Mission statement
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The primary goal of just-in-time inventory planning is to
- A. increase the space allocated for storing inventory
- B. reduce the amount of inventory kept on hand
- C. reduce the likelihood of running out of inventory
- D. reduce ordering costs
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