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

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

1. Which of the following terms refers to a prescribed code of behavior for communicating over the Internet?

A) Netiquette
B) Hacking
C) Privacy
D) Piracy

2. 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) $300,000
B) $350,000
C) $250,000
D) $400,000

3. A manager meets with a shift supervisor to discuss the actions of a subordinate. After verifying the supervisor' s statements, the manager asks a few questions to clarify and confirm understanding of the issue. Which of the following types of listening is the manager using?

A) Selective
B) Casual
C) Reflective
D) Empathetic

4. Which of the following forms of business ownership is treated as a legal person separate and distinct from its owners and can initiate a legal action on its own behalf?

A) Homeowners' association
B) Syndicate
C) For-profit corporation
D) General partnership

5. 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) Agreement, consideration, and the mandatory inclusion of gift promises and moral obligations
D) Consideration without the mandatory requirement of mutual assent by the parties of the offer and acceptance

Solutions: