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

1. 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) supplementary income
B) passive income
C) disposable income
D) discretionary income

2. Ergonomics is the science that deals with which of the following?

A) Designing furniture or equipment to prevent repetitive-strain injuries
B) Organizing work flow to maximize the allocation of resources
C) Managing by walking around
D) Creating the work flow of a company, industry, department, or person

3. As a consequence of bankruptcies resulting from fraudulent accounting practices and lack of ethical behavior by corporate officials, the United States Congress passed legislation in 2002 in an attempt to increase the accountability of corporate executives. Which of the following laws did Congress pass for this purpose?

A) Robinson-Patman Act
B) Provide Appropriate Tools Required to Intercept and Obstruct Terrorism (PATRIOT) Act
C) Consumer Credit Protection Act
D) Sarbanes-Oxley Act

4. The easiest and most popular business structure to implement is a

A) corporation
B) partnership
C) limited liability company
D) sole proprietorship

5. What do parentheses around a numeric entry on a spreadsheet, such as (5543.32), indicate?

A) A conditional statement in the spreadsheet
B) A negative number
C) A calculation of net profit
D) A numeric value intended to be treated as an alphabetic entry

Solutions: