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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 steps should always be completed before entering records in a database software file?

A) Defining the fields for the record layout
B) Developing formulas for processing the data
C) Designing the output layout
D) Determining the number of records to be input

2. 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

3. Which of the following is a primary characteristic of successful entrepreneurs?

A) Willingness to fail
B) Strong desire for isolation
C) Flexible code of ethics
D) Reluctance to change

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

5. Which of the following best illustrates a progressive tax system?

A) All taxpayers pay the same percentage of their income in taxes, with those who have higher incomes paying more in taxes.
B) Taxpayers pay taxes based on income brackets, with the percentage of taxes paid on income increasing as the taxpayer moves to a higher bracket.
C) Taxpayers pay a flat percentage tax on sales, so that those who spend more pay more in taxes.
D) Taxpayers pay a flat percentage tax based on the total value of their real estate holdings.

Solutions: