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

SectionWeightObjectives
Entrepreneurship10%- Entrepreneurial concepts and processes
  • 1. Characteristics of entrepreneurs
  • 2. Identifying opportunities and feasibility analysis
- Business organization and planning
  • 1. Business plan development
  • 2. Forms of business ownership
Professional Business Education7%- Program and career guidance
  • 1. Program development and management
  • 2. Career and technical education pathways
- Curriculum and instruction
  • 1. Business education standards and frameworks
  • 2. Teaching strategies and assessment methods
Accounting and Finance15%- Fundamental accounting concepts and processes
  • 1. Accounting cycle and procedures
  • 2. Preparation and interpretation of financial statements
- Personal and business financial management
  • 1. Savings, investment, and credit management
  • 2. Risk management and insurance
  • 3. Financial institutions and services
Communication and Career Development13%- Business communication principles and practices
  • 1. Written, oral, and digital communication
  • 2. Business correspondence and reports
- Career development and employability skills
  • 1. Professional ethics and workplace behavior
  • 2. Career planning and job search strategies
Economics13%- Economic systems and performance
  • 1. Economic indicators, growth, and stability
  • 2. Market, command, and mixed economies
  • 3. Role of government in economy
- Fundamental economic concepts
  • 1. Supply, demand, and market equilibrium
  • 2. Scarcity, opportunity cost, and factors of production
Law and International Business15%- Legal principles affecting business
  • 1. Contract law, property rights, and liability
  • 2. Employment and consumer law
- Global business environment
  • 1. International trade and finance
  • 2. Cultural, political, and economic factors in global business
Management and Marketing12%- Management principles and functions
  • 1. Human resources and operations management
  • 2. Planning, organizing, leading, and controlling
- Marketing concepts and strategies
  • 1. Marketing mix and market analysis
  • 2. Customer relations and promotion
Information Technology15%- Technology applications in business
  • 1. Productivity and business software
  • 2. Emerging technologies and trends
- Technology concepts and tools
  • 1. Hardware, software, and networking systems
  • 2. Data management and security

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

1. A college graduate wants to start a business and looks into franchise opportunities. The graduate has $30,000 and has narrowed the selection to three different franchise choices. Which of the following franchise credentials is the most important to review?

A) Owner's handbook
B) Broker policy agreement
C) Fee schedule agreement
D) Franchise disclosure document


2. A valuable student benefit of school-based enterprises (SBEs) is that SBEs provide students an opportunity to

A) learn and connect with real-world skills
B) develop a skill in lieu of attending college
C) earn extra money during the school day
D) work during study hall and lunch periods


3. Of the following, the factor generally considered to be the most important in determining the success of a typical convenience store is

A) store site
B) pricing analysis
C) analysis of distribution
D) promotional programs


4. Under ordinary circumstances, the average amount of unemployment in an economy is called the

A) natural rate of unemployment
B) typical rate of unemployment
C) frictional rate of unemployment
D) cyclical rate of unemployment


5. Which of the following is the primary purpose of job performance standards?

A) To clarify the structure of an organization
B) To identify the qualifications needed to hold a position
C) To define the goals to be accomplished by the employer
D) To identify work expectations for the employee


Solutions:

Question # 1
Answer: D
Question # 2
Answer: A
Question # 3
Answer: A
Question # 4
Answer: A
Question # 5
Answer: D

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