PRAXIS Praxis Business Education: Content Knowledge (5101)Exam (Business-Education-Content-Knowledge-5101) Free Practice Test
Question 1
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?
Correct Answer: A
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Question 2
There arerunny factors of production thatcontribute to the output of a final product. Place thedescriptions below into the appropriate categories.
Correct Answer:
Explanation:
The factors of production are categorized as Land (natural resources, e.g., minerals, water), Labor (human effort, e.g., workers' skills), Capital (physical assets, e.g., machinery, buildings), and Entrepreneurship (organizing resources and taking risks, e.g., business innovation). The question requires matching descriptions to these categories, a common task in economics education. The provided answer image correctly aligns the descriptions with each category. This question falls under the Economics category, emphasizing production factors.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Economics; Principles of Economics, Chapter 2.
Question 3
Which of the following are used to refine a search on the Internet?
Correct Answer: A
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Question 4
If margarine and butter are substitute goods, which of the following will result in an increase in the demand for margarine?
Correct Answer: D
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Question 5
Which of the following is a line of credit for which a customer pays a commitment fee and is then allowed to use the funds when they are needed?
Correct Answer: B
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Question 6
Which of the following types of reports presents facts, draws conclusions, and makes recommendations?
Correct Answer: C
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Question 7
Which of the following steps should always be completed before entering records in a database software file?
Correct Answer: C
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