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

1. A valuable student benefit of school-based enterprises (SBEs) is that SBEs provide students an opportunity to

A) work during study hall and lunch periods
B) develop a skill in lieu of attending college
C) earn extra money during the school day
D) learn and connect with real-world skills

2. Which of the following is a line of credit for which a customer pays a commitment fee and is then allowed to use the funds when they are needed?

A) Service credit
B) Trade credit
C) Revolving credit
D) Installment credit

3. The primary goal of just-in-time inventory planning is to

A) reduce ordering costs
B) increase the space allocated for storing inventory
C) reduce the amount of inventory kept on hand
D) reduce the likelihood of running out of inventory

4. Which of the following describes how a company is most likely to benefit from expanding a product line?

A) Consumers are assured that they can rely on consistency across all the company's brands.
B) Expanding a product line limits the company's allocation of preferred shelf space in the marketplace.
C) Customers who are loyal to the company's brands will be likely to try its new products.
D) Expanding a product line lets the company expand a generic product line.

5. Which of the following is most likely to teach skills that will help students make a smooth transition from school to work?

A) Developing an electronic portfolio
B) Searching for a part-time job
C) Joining a student organization
D) Making an educational plan

Solutions: