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PRAXIS Business-Education-Content-Knowledge-5101 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Professional Business Education | 7% | - Program and career guidance
|
| Topic 2: Economics | 13% | - Economic systems and performance
|
| Topic 3: Communication and Career Development | 13% | - Business communication principles and practices
|
| Topic 4: Law and International Business | 15% | - Global business environment
|
| Topic 5: Entrepreneurship | 10% | - Business organization and planning
|
| Topic 6: Management and Marketing | 12% | - Management principles and functions
|
| Topic 7: Accounting and Finance | 15% | - Personal and business financial management
|
| Topic 8: Information Technology | 15% | - Technology applications in business
|
PRAXIS Praxis Business Education: Content Knowledge (5101)Exam Sample Questions:
1. The primary purpose of the income statement of a business is to provide
A) the financial progress of the business for a specific period of time
B) a listing of accounts receivable and accounts payable on a specific date
C) the financial projections for the business for a specific period of time
D) the debt-to-equity ratio of the business on a specific date
2. Which of the following best describes the relationship between a firm's assets, liabilities, and owners' equity?
A) The accounting equation
B) The statement of cash flows
C) An annual report
D) Net worth
3. Which of the following is the best example of eminent domain?
A) The local government tells homeowners that they may not build a multifamily dwelling in an area containing only single-family dwellings.
B) The local government lays pipeline beneath the surface of privately owned land.
C) The state government intends to build a ramp to the highway and takes privately owned land to complete the building project.
D) The state government grants property ownership to homeowners who discover the property line runs through the middle of their home.
4. Which of the following best describes a balance sheet?
A) A record of a company's profits and expenses that shows whether the company made or lost money
B) A record of a point-in-time snapshot of the assets, liabilities, and equity of a company
C) A record of the cash flow in and out of a company that divides cash into operating, investing, and financing activities
D) A record of a company's financial activities for parties including investors, management, and tax officials
5. A small hardware store purchases 5 hammers for $5 each and sells the hammers for $9 each. Which of the following amounts represents the total gross profit?
A) $4
B) $20
C) $25
D) $45
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: B |






