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

1. Which of the following is an example of place utility?

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

2. Which of the following is a recommendation statement for a business report?

A) Employees lack the confidence to use the network.
B) Over half of the employees could not complete an evaluation of the network.
C) All employees should receive formal training on the network.
D) The network is not functioning correctly.

3. Which of the following is characteristic of a laissez-faire management style?

A) Seeking input of all workers yet exercising total control
B) Asking for employee input but failing to follow up on suggestions
C) Permitting employees to make independent decisions and providing only general guidance
D) Taking charge and solely developing policies and procedures

4. Which of the following do shareholders receive either quarterly or annually, when the board of directors authorizes a distribution of company earnings?

A) Royalties
B) Dividends
C) Long-term capital gains
D) Short-term capital gains

5. Which of the following types of reports presents facts, draws conclusions, and makes recommendations?

A) Informational
B) Analytical
C) Progress
D) Periodic

Solutions: