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

SectionWeightObjectives
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
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
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
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
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
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

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

Question #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
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #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
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #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
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #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
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #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
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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