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

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

1. If margarine and butter are substitute goods, which of the following will result in an increase in the demand for margarine?

A) A decrease in the price of butter
B) An increase in the supply of margarine
C) An increase in the price of butter
D) A decrease in the supply of margarine

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

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

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

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

4. Which of the following best describes the relationship between a firm's assets, liabilities, and owners' equity?

A) The accounting equation
B) An annual report
C) Net worth
D) The statement of cash flows

5. A business owner has just purchased a piece of equipment for $3,500. The terms of the purchase state that if the balance is paid in full within 30 days, the buyer will receive 1% off. If the owner pays in full two weeks after the purchase, which of the following is the amount the owner will pay?

A) $3,150
B) $3,000
C) $2,975
D) $3,465

Solutions: