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

1. Processing and organizing data to create, store, and retrieve documents is best known as

A) formatting
B) file management
C) database management
D) outsourcing

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

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

3. Which of the following is a market in which a group of companies buys and resells goods to companies that use these goods to create other products?

A) Organizational market
B) Governmental market
C) Consumer market
D) Demographic market

4. A business that installs a voiceprint system on its computer network is most likely concerned about

A) the reliability of data
B) organizing files
C) the security of data
D) the currency of data

5. A business education teacher is preparing a lesson on contract law and wants to illustrate a scenario where a contract is voidable due to misrepresentation. Which of the following scenarios best demonstrates a voidable contract due to fraudulent misrepresentation?

A) A retailer sells a product with a minor defect that does not affect its functionality, and the buyer does not inspect the product before purchase.
B) An employer offers a job candidate a salary that is lower than advertised, but the candidate accepts without noticing the discrepancy.
C) A company signs a lease agreement with a landlord who mistakenly lists the wrong square footage, but the company signs without verifying the details.
D) A vendor sells a used laptop to a student, claiming it is new, knowing it was refurbished, and the student relies on this claim when purchasing.

Solutions: