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

Section	Weight	Objectives
Law and International Business	15%	- 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
Accounting and Finance	15%	- Fundamental accounting concepts and processes 1. Preparation and interpretation of financial statements 2. Accounting cycle and procedures - Personal and business financial management 1. Financial institutions and services 2. Savings, investment, and credit management 3. Risk management and insurance
Management and Marketing	12%	- Marketing concepts and strategies 1. Marketing mix and market analysis 2. Customer relations and promotion - Management principles and functions 1. Human resources and operations management 2. Planning, organizing, leading, and controlling
Information Technology	15%	- Technology applications in business 1. Emerging technologies and trends 2. Productivity and business software - Technology concepts and tools 1. Hardware, software, and networking systems 2. Data management and security
Professional Business Education	7%	- Curriculum and instruction 1. Teaching strategies and assessment methods 2. Business education standards and frameworks - Program and career guidance 1. Career and technical education pathways 2. Program development and management
Communication and Career Development	13%	- Business communication principles and practices 1. Written, oral, and digital communication 2. Business correspondence and reports - Career development and employability skills 1. Career planning and job search strategies 2. Professional ethics and workplace behavior
Entrepreneurship	10%	- 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
Economics	13%	- Fundamental economic concepts 1. Supply, demand, and market equilibrium 2. Scarcity, opportunity cost, and factors of production - Economic systems and performance 1. Role of government in economy 2. Economic indicators, growth, and stability 3. Market, command, and mixed economies

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

1. The Robinson-Patman Act was initially enacted for which of the following purposes?

A) To provide employees with a safe work environment
B) To protect employees from job discrimination
C) To eliminate price discrimination in intrastate commerce
D) To eliminate price discrimination in interstate commerce

2. A warehouse manager wants to clarify the date and time of an employee meeting and sends an instant message (IM) to another manager in the warehouse. The use of IM is considered acceptable because the sender is most likely to be

A) finishing a sensitive discussion
B) avoiding a permanent record
C) multitasking during a meeting
D) needing an immediate response

3. Which of the following is the most effective way for a company to address a service recovery problem?

A) Having only customer service employees deal directly with the customer to solve the problem
B) Offering the customer an apology for the problem, and then assuming the issue has been resolved
C) Involving the customer, managers, and frontline employees to address and fix the problem
D) Providing the customer with compensation for the problem, no matter the cost

4. Which of the following describes how a company is most likely to benefit from expanding a product line?

A) Expanding a product line limits the company's allocation of preferred shelf space in the marketplace.
B) Consumers are assured that they can rely on consistency across all the company's brands.
C) Expanding a product line lets the company expand a generic product line.
D) Customers who are loyal to the company's brands will be likely to try its new products.

5. In Jennifer's workplace, employees are encouraged to participate in problem-solving and quality improvement. Which of the following is true about Jennifer's employer?

A) Her employer takes a hands-off approach.
B) Her employer practices employee empowerment.
C) Her employer needs to be more proactive.
D) Her employer risks encouraging power struggles.

Solutions:

Question # 1
Answer: D

Question # 2
Answer: D

Question # 3
Answer: C

Question # 4
Answer: D

Question # 5
Answer: B