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

SectionWeightObjectives
Topic 1: Accounting and Finance15%- Financial accounting principles and processes
  • 1. Accounting cycle and financial statements
    • 2. Business and personal finance concepts (credit, investments)
      Topic 2: Information Technology15%- Business technology systems
      • 1. Office applications and data systems
        • 2. IT concepts and operations
          Topic 3: Economics10%- Micro and macroeconomic fundamentals
          • 1. Economic systems and indicators
            • 2. Supply and demand
              Topic 4: Marketing and Management10%- Marketing principles and management functions
              • 1. Marketing mix and strategies
                • 2. Human resource and management principles
                  Topic 5: Communication and Career Development15%- Business communication and career readiness
                  • 1. Written and oral communication
                    • 2. Career research and employment preparation
                      Topic 6: Professional Business Education10%- Teaching and professional practice
                      • 1. Pedagogy and instructional methods
                        • 2. Career and technical education standards
                          Topic 7: Entrepreneurship10%- Business formation and entrepreneurship
                          • 1. Opportunity identification and entrepreneurial traits
                            • 2. Business plans and ownership types
                              Topic 8: Law and International Business10%- Business law and global business
                              • 1. Contract law and consumer law
                                • 2. International trade and business environments

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

                                  1. Which of the following types of reports presents facts, draws conclusions, and makes recommendations?

                                  A) Progress
                                  B) Analytical
                                  C) Periodic
                                  D) Informational


                                  2. Which of the following best defines a legally enforceable contract?

                                  A) Agreement, consideration, and the mandatory requirement that only one of the parties is required to be rational and sane
                                  B) Agreement, consideration, contractual capacity, and the mandatory requirement that the object of the contract is lawful
                                  C) Consideration without the mandatory requirement of mutual assent by the parties of the offer and acceptance
                                  D) Agreement, consideration, and the mandatory inclusion of gift promises and moral obligations


                                  3. Which of the following types of statements is referred to as a picture of a company in the future?

                                  A) Value statement
                                  B) Mission statement
                                  C) Closing statement
                                  D) Vision statement


                                  4. Which of the following best describes the law governing the use of copyrighted materials in the classroom and the teacher's responsibility in using these materials?

                                  A) Teachers must assume that materials found on the Internet are copyrighted and should apply their district's fair-use guidelines.
                                  B) Teachers in public educational institutions have unlimited use of copyrighted materials.
                                  C) Teachers may use unpublished materials as they consider appropriate.
                                  D) Materials found on the Internet are not covered by copyright laws and may be used as teachers consider appropriate.


                                  5. To exchange one currency for another in international transactions, companies rely on a mechanism called the

                                  A) foreign exchange market
                                  B) international equity market
                                  C) international bond market
                                  D) Eurocurrency market


                                  Solutions:

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

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