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

1. A college graduate wants to start a business and looks into franchise opportunities. The graduate has $30,000 and has narrowed the selection to three different franchise choices. Which of the following franchise credentials is the most important to review?

A) Fee schedule agreement
B) Franchise disclosure document
C) Owner's handbook
D) Broker policy agreement

2. Which of the following is a key advantage of using a performance-based task to assess learning in a business education curriculum?

A) It is easily compared to other traditional forms of assessment based on objective criteria established in the curriculum.
B) It requires less time to administer than other forms of assessment.
C) It allows the performance of individual students to be compared to that of other students.
D) It allows affective, cognitive, and psychomotor capabilities to be assessed simultaneously.

3. Establishing and maintaining high standards in how work is done and in the output of goods and services is commonly referred to as

A) customer service
B) total quality management
C) effective production
D) standardization

4. The process of gathering and analyzing information about customers and markets is called

A) financial research
B) relationship research
C) consumer research
D) market research

5. Which of the following actions provides the best advantage for an international high-tech business over its global competitors?

A) Using developments created from research
B) Paying ad valorem tariffs
C) Applying concepts of planned economies
D) Enacting currency controls

Solutions: