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

1. To exchange one currency for another in international transactions, companies rely on a mechanism called the

A) Eurocurrency market
B) international equity market
C) foreign exchange market
D) international bond market

2. Which of the following is a primary benefit of membership in a professional organization?

A) Increased annual salary
B) Guarantee of specialized employment
C) Input into local, state, and national issues
D) Decreased workload

3. A business owner has just purchased a piece of equipment for $3,500. The terms of the purchase state that if the balance is paid in full within 30 days, the buyer will receive 1% off. If the owner pays in full two weeks after the purchase, which of the following is the amount the owner will pay?

A) $3,465
B) $3,000
C) $3,150
D) $2,975

4. Under ordinary circumstances, the average amount of unemployment in an economy is called the

A) natural rate of unemployment
B) frictional rate of unemployment
C) cyclical rate of unemployment
D) typical rate of unemployment

5. Which of the following are commonly considered primary management functions?

A) Measurement, observation, consultation, connecting
B) Efficiency, effectiveness, resourcefulness, delegating
C) Managing, forcing, restricting, commanding, coercing
D) Planning, organizing, directing, coordinating, controlling

Solutions: