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

SectionWeightObjectives
Topic 1: Economics13%- Fundamental economic concepts
  • 1. Supply, demand, and market equilibrium
  • 2. Scarcity, opportunity cost, and factors of production
- Economic systems and performance
  • 1. Market, command, and mixed economies
  • 2. Economic indicators, growth, and stability
  • 3. Role of government in economy
Topic 2: Information Technology15%- Technology concepts and tools
  • 1. Hardware, software, and networking systems
  • 2. Data management and security
- Technology applications in business
  • 1. Productivity and business software
  • 2. Emerging technologies and trends
Topic 3: Management and Marketing12%- Management principles and functions
  • 1. Planning, organizing, leading, and controlling
  • 2. Human resources and operations management
- Marketing concepts and strategies
  • 1. Customer relations and promotion
  • 2. Marketing mix and market analysis
Topic 4: Entrepreneurship10%- 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
Topic 5: Accounting and Finance15%- 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. Risk management and insurance
  • 3. Savings, investment, and credit management
Topic 6: Professional Business Education7%- Program and career guidance
  • 1. Program development and management
  • 2. Career and technical education pathways
- Curriculum and instruction
  • 1. Teaching strategies and assessment methods
  • 2. Business education standards and frameworks
Topic 7: Law and International Business15%- Legal principles affecting business
  • 1. Employment and consumer law
  • 2. Contract law, property rights, and liability
- Global business environment
  • 1. Cultural, political, and economic factors in global business
  • 2. International trade and finance
Topic 8: Communication and Career Development13%- Business communication principles and practices
  • 1. Business correspondence and reports
  • 2. Written, oral, and digital communication
- Career development and employability skills
  • 1. Professional ethics and workplace behavior
  • 2. Career planning and job search strategies

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

Question 1

Which of the following is an example of place utility?

A. Arrangements are made for the transfer of title from seller to buyer.
B. Goods or services are available at a convenient location when the consumer wants to buy them.
C. A business firm converts raw materials into finished products.
D. Products requested by the consumer are ordered on demand.


Question 2

A student is daydreaming about weekend plans instead of listening to a lesson. When the teacher calls upon the student to answer a question, the student cannot recall the content taught. Which of the following types of communication barriers is primarily affecting the student's listening ability?

A. Attitudinal
B. External
C. Internal
D. Physical


Question 3

Which of the following is a national association of marketing education students that provides teachers and members with activities to develop career skills in marketing, entrepreneurship, and management?

A. National Association of Supervisors for Business Education (NASBE)
B. National Council on Economic Education (NCEE)
C. Distributive Education Clubs of America (DECA)
D. National Tech Prep Network (NTPN)


Question 4

A college graduate wants to start a business and looks into franchise opportunities. The graduate has $30,000 and has narrowed the selection to three different franchise choices. Which of the following franchise credentials is the most important to review?

A. Broker policy agreement
B. Fee schedule agreement
C. Owner's handbook
D. Franchise disclosure document


Question 5

Establishing and maintaining high standards in how work is done and in the output of goods and services is commonly referred to as

A. total quality management
B. customer service
C. standardization
D. effective production


Solutions:

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

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