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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 is an example of place utility?

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

2. Which of the following is the primary purpose of job performance standards?

A) To identify the qualifications needed to hold a position
B) To identify work expectations for the employee
C) To define the goals to be accomplished by the employer
D) To clarify the structure of an organization

3. Which of the following types of interviews should be conducted to ensure that assessments by key people are included in the hiring process?

A) Stress interviews
B) Sequential interviews
C) Structured interviews
D) Behavioral interviews

4. Stacey has just received her first paycheck. As a responsible spender, Stacey pays her housing, food, and necessary clothing expenses first. The money that remains after paying those expenses is called

A) discretionary income
B) disposable income
C) passive income
D) supplementary income

5. The term "laissez-faire" is primarily associated with a

A) planned economic system
B) command economic system
C) free enterprise economic system
D) mixed economic system

Solutions: