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

1. Which of the following terms refers to a prescribed code of behavior for communicating over the Internet?

A) Privacy
B) Hacking
C) Netiquette
D) Piracy

2. Which of the following is the best method to emphasize the value of customer service within a company?

A) Requiring employees to wear clothing that has the company logo
B) Using interactive activities to acclimate new company employees
C) Rewarding examples of excellence in customer service
D) Focusing attention on poor examples of customer service

3. Which of the following statements best describes a recession?

A) Businesses expand production and unemployment rises.
B) The amount of goods a given amount of money buys declines.
C) Demand for goods and services rises and productivity falls.
D) Demand for goods and services falls and unemployment rises.

4. The interest rate on short-term loans that large banks charge their commercial borrowers who have excellent credit ratings is called the

A) discount rate
B) market rate
C) funds rate
D) prime rate

5. The depth and detail presented in a business plan will depend primarily on the

A) target market of the new venture
B) experience of the entrepreneur
C) amount of capital obtained
D) size and scope of the new venture

Solutions: