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

SectionWeightObjectives
Topic 1: Communication and Career Development13%- Career development and employability skills
  • 1. Career planning and job search strategies
  • 2. Professional ethics and workplace behavior
- Business communication principles and practices
  • 1. Written, oral, and digital communication
  • 2. Business correspondence and reports
Topic 2: Law and International Business15%- Legal principles affecting business
  • 1. Employment and consumer law
  • 2. Contract law, property rights, and liability
- Global business environment
  • 1. International trade and finance
  • 2. Cultural, political, and economic factors in global business
Topic 3: 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
Topic 4: Management and Marketing12%- Management principles and functions
  • 1. Planning, organizing, leading, and controlling
  • 2. Human resources and operations management
- Marketing concepts and strategies
  • 1. Customer relations and promotion
  • 2. Marketing mix and market analysis
Topic 5: 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 6: Entrepreneurship10%- Business organization and planning
  • 1. Business plan development
  • 2. Forms of business ownership
- Entrepreneurial concepts and processes
  • 1. Characteristics of entrepreneurs
  • 2. Identifying opportunities and feasibility analysis
Topic 7: Accounting and Finance15%- Fundamental accounting concepts and processes
  • 1. Preparation and interpretation of financial statements
  • 2. Accounting cycle and procedures
- Personal and business financial management
  • 1. Savings, investment, and credit management
  • 2. Risk management and insurance
  • 3. Financial institutions and services
Topic 8: Professional Business Education7%- Program and career guidance
  • 1. Career and technical education pathways
  • 2. Program development and management
- Curriculum and instruction
  • 1. Business education standards and frameworks
  • 2. Teaching strategies and assessment methods

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

Question #1

Which of the following is a primary purpose of financial markets?

  • A. Controlling inflation
  • B. Lowering the yield on bonds
  • C. Allocating capital efficiently
  • D. Increasing the price of common stock
Answer: C

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Question #2

Which of the following do shareholders receive either quarterly or annually, when the board of directors authorizes a distribution of company earnings?

  • A. Royalties
  • B. Short-term capital gains
  • C. Dividends
  • D. Long-term capital gains
Answer: C

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Question #3

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. $25
  • B. $20
  • C. $4
  • D. $45
Answer: B

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Question #4

As a consequence of bankruptcies resulting from fraudulent accounting practices and lack of ethical behavior by corporate officials, the United States Congress passed legislation in 2002 in an attempt to increase the accountability of corporate executives. Which of the following laws did Congress pass for this purpose?

  • A. Robinson-Patman Act
  • B. Consumer Credit Protection Act
  • C. Provide Appropriate Tools Required to Intercept and Obstruct Terrorism (PATRIOT) Act
  • D. Sarbanes-Oxley Act
Answer: D

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Question #5

Which of the following is an example of place utility?

  • A. Arrangements are made for the transfer of title from seller to buyer.
  • B. A business firm converts raw materials into finished products.
  • C. Goods or services are available at a convenient location when the consumer wants to buy them.
  • D. Products requested by the consumer are ordered on demand.
Answer: C

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