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

SectionWeightObjectives
Topic 1: Economics13%- Economic systems and performance
  • 1. Market, command, and mixed economies
  • 2. Economic indicators, growth, and stability
  • 3. Role of government in economy
- Fundamental economic concepts
  • 1. Scarcity, opportunity cost, and factors of production
  • 2. Supply, demand, and market equilibrium
Topic 2: Law and International Business15%- Global business environment
  • 1. International trade and finance
  • 2. Cultural, political, and economic factors in global business
- Legal principles affecting business
  • 1. Employment and consumer law
  • 2. Contract law, property rights, and liability
Topic 3: Professional Business Education7%- Program and career guidance
  • 1. Program development and management
  • 2. Career and technical education pathways
- Curriculum and instruction
  • 1. Teaching strategies and assessment methods
  • 2. Business education standards and frameworks
Topic 4: Information Technology15%- Technology concepts and tools
  • 1. Hardware, software, and networking systems
  • 2. Data management and security
- Technology applications in business
  • 1. Emerging technologies and trends
  • 2. Productivity and business software
Topic 5: Communication and Career Development13%- Business communication principles and practices
  • 1. Business correspondence and reports
  • 2. Written, oral, and digital communication
- Career development and employability skills
  • 1. Career planning and job search strategies
  • 2. Professional ethics and workplace behavior
Topic 6: Accounting and Finance15%- Personal and business financial management
  • 1. Risk management and insurance
  • 2. Savings, investment, and credit management
  • 3. Financial institutions and services
- Fundamental accounting concepts and processes
  • 1. Preparation and interpretation of financial statements
  • 2. Accounting cycle and procedures
Topic 7: Management and Marketing12%- Management principles and functions
  • 1. Planning, organizing, leading, and controlling
  • 2. Human resources and operations management
- Marketing concepts and strategies
  • 1. Marketing mix and market analysis
  • 2. Customer relations and promotion
Topic 8: Entrepreneurship10%- Business organization and planning
  • 1. Forms of business ownership
  • 2. Business plan development
- Entrepreneurial concepts and processes
  • 1. Characteristics of entrepreneurs
  • 2. Identifying opportunities and feasibility analysis

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

1. Which of the following terms is best defined as the unscrupulous acquisition of financial information on the Internet?

A) Blogging
B) Spamming
C) Phishing
D) Downloading


2. The process of gathering and analyzing information about customers and markets is called

A) market research
B) relationship research
C) consumer research
D) financial research


3. Which of the following is the standard guideline for managing financial risk?

A) Diversification
B) Capitalization
C) Liquidization
D) Securitization


4. Which of the following best illustrates a progressive tax system?

A) Taxpayers pay a flat percentage tax on sales, so that those who spend more pay more in taxes.
B) Taxpayers pay a flat percentage tax based on the total value of their real estate holdings.
C) Taxpayers pay taxes based on income brackets, with the percentage of taxes paid on income increasing as the taxpayer moves to a higher bracket.
D) All taxpayers pay the same percentage of their income in taxes, with those who have higher incomes paying more in taxes.


5. The primary purpose of a local area network (LAN) is to

A) facilitate communication via a modem
B) permit high-speed communication between various kinds of electronic equipment within an area
C) enable distributors of data-processing equipment to provide assistance to users more efficiently
D) display data on a monitor connected to a processor by cable


Solutions:

Question # 1
Answer: C
Question # 2
Answer: A
Question # 3
Answer: A
Question # 4
Answer: C
Question # 5
Answer: B

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