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

1. Research indicates that government warnings can affect buying patterns. A recent federal research report links red-meat consumption to poor health. Another report praises chicken as a healthy meat alternative. If other market conditions remain the same, the price of chicken will probably

A) remain unchanged
B) increase
C) decrease
D) rise, then fall

2. Which of the following are commonly considered primary management functions?

A) Efficiency, effectiveness, resourcefulness, delegating
B) Planning, organizing, directing, coordinating, controlling
C) Managing, forcing, restricting, commanding, coercing
D) Measurement, observation, consultation, connecting

3. The vast majority of funds appropriated in the form of grants under the Perkins Act is awarded to which of the following entities?

A) School boards
B) State education agencies
C) Early college high schools
D) Career and technology schools

4. If margarine and butter are substitute goods, which of the following will result in an increase in the demand for margarine?

A) An increase in the price of butter
B) A decrease in the supply of margarine
C) A decrease in the price of butter
D) An increase in the supply of margarine

5. There arerunny factors of production thatcontribute to the output of a final product. Place thedescriptions below into the appropriate categories.

Solutions: