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

SectionWeightObjectives
Entrepreneurship10%- Business formation and entrepreneurship
  • 1. Business plans and ownership types
    • 2. Opportunity identification and entrepreneurial traits
      Economics10%- Micro and macroeconomic fundamentals
      • 1. Economic systems and indicators
        • 2. Supply and demand
          Accounting and Finance15%- Financial accounting principles and processes
          • 1. Accounting cycle and financial statements
            • 2. Business and personal finance concepts (credit, investments)
              Professional Business Education10%- Teaching and professional practice
              • 1. Career and technical education standards
                • 2. Pedagogy and instructional methods
                  Marketing and Management10%- Marketing principles and management functions
                  • 1. Human resource and management principles
                    • 2. Marketing mix and strategies
                      Law and International Business10%- Business law and global business
                      • 1. International trade and business environments
                        • 2. Contract law and consumer law
                          Information Technology15%- Business technology systems
                          • 1. IT concepts and operations
                            • 2. Office applications and data systems
                              Communication and Career Development15%- Business communication and career readiness
                              • 1. Career research and employment preparation
                                • 2. Written and oral communication

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

                                  1. Which of the following is the best method to emphasize the value of customer service within a company?

                                  A) Rewarding examples of excellence in customer service
                                  B) Focusing attention on poor examples of customer service
                                  C) Requiring employees to wear clothing that has the company logo
                                  D) Using interactive activities to acclimate new company employees


                                  2. Which of the following is the best example of engaging with an external business communication?

                                  A) Considering an invitation from quality control to attend a Six Sigma meeting
                                  B) Reading a Material Safety Data Sheet for a recently purchased chemical product
                                  C) Studying recruits' personality test scores prepared by human resources
                                  D) Analyzing an annual draft stock report from the chief financial officer


                                  3. There arerunny factors of production thatcontribute to the output of a final product. Place thedescriptions below into the appropriate categories.


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

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


                                  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) $300,000
                                  B) $350,000
                                  C) $250,000
                                  D) $400,000


                                  Solutions:

                                  Question # 1
                                  Answer: A
                                  Question # 2
                                  Answer: B
                                  Question # 3
                                  Answer: Only visible for members
                                  Question # 4
                                  Answer: D
                                  Question # 5
                                  Answer: A

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