PRAXIS Praxis Certifications Business-Education-Content-Knowledge-5101

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

1. For the development and maintenance of a business webpage, it is essential that

A) the webpage be continuously updated
B) the server be maintained in-house
C) the most current software be used
D) the hardware support video and sound

2. Which of the following steps should always be completed before entering records in a database software file?

A) Designing the output layout
B) Developing formulas for processing the data
C) Defining the fields for the record layout
D) Determining the number of records to be input

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

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

4. A business education teacher is preparing a lesson on contract law and wants to illustrate a scenario where a contract is voidable due to misrepresentation. Which of the following scenarios best demonstrates a voidable contract due to fraudulent misrepresentation?

A) An employer offers a job candidate a salary that is lower than advertised, but the candidate accepts without noticing the discrepancy.
B) A company signs a lease agreement with a landlord who mistakenly lists the wrong square footage, but the company signs without verifying the details.
C) A retailer sells a product with a minor defect that does not affect its functionality, and the buyer does not inspect the product before purchase.
D) A vendor sells a used laptop to a student, claiming it is new, knowing it was refurbished, and the student relies on this claim when purchasing.

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

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

Solutions: