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

1. One of the primary goals of individualized instruction in business education is to

A) allow the student to progress at the most appropriate rate
B) teach general theories rather than specific skills that may become obsolete
C) reduce the cost of instructional materials needed
D) encourage cooperation among all instructors of the same students

2. Which of the following sentences is free of any gender, nationality, age, or race bias?

A) We need someone young and energetic to man the stockroom.
B) His conservative views will benefit the company's bottom line.
C) Firemen are the bravest and most courageous people in the world.
D) Cho Yung is a hardworking exchange student who excels in science.

3. 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) Eurocurrency market
D) international bond market

4. Which of the following are commonly considered primary management functions?

A) Planning, organizing, directing, coordinating, controlling
B) Managing, forcing, restricting, commanding, coercing
C) Efficiency, effectiveness, resourcefulness, delegating
D) Measurement, observation, consultation, connecting

5. A company's financial statements show the following for the fiscal year: total assets of $1,200,000, total liabilities of $750,000, net income of $150,000, and dividends paid of $50,000. The company has no preferred stock, and the beginning retained earnings were $200,000. What is the company's ending retained earnings?

A) $350,000
B) $400,000
C) $250,000
D) $300,000

Solutions: