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

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

Question 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

Question 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

Question 3

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

Question 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.

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

Solutions: