PRAXIS Praxis Business Education: Content Knowledge (5101)Exam - Business-Education-Content-Knowledge-5101 Exam Questions [2026]

QUESTION NO: 1
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 company signs a lease agreement with a landlord who mistakenly lists the wrong square footage, but the company signs without verifying the details. B. An employer offers a job candidate a salary that is lower than advertised, but the candidate accepts without noticing the discrepancy. C. 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. 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.

Correct Answer: D

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QUESTION NO: 2
Which of the following best describes the purpose of tabs in word-processing software?

A. To create graphics B. To position text within a line C. To single-space lines of text D. To wrap text around a graphic

Correct Answer: B

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QUESTION NO: 3
Which of the following terms is best defined as the unscrupulous acquisition of financial information on the Internet?

A. Blogging B. Downloading C. Phishing D. Spamming

Correct Answer: C

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QUESTION NO: 4
Which of the following describes how a company is most likely to benefit from expanding a product line?

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

Correct Answer: C

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QUESTION NO: 5
There arerunny factors of production thatcontribute to the output of a final product. Place thedescriptions below into the appropriate categories.

Correct Answer:

Explanation:

The factors of production are categorized as Land (natural resources, e.g., minerals, water), Labor (human effort, e.g., workers' skills), Capital (physical assets, e.g., machinery, buildings), and Entrepreneurship (organizing resources and taking risks, e.g., business innovation). The question requires matching descriptions to these categories, a common task in economics education. The provided answer image correctly aligns the descriptions with each category. This question falls under the Economics category, emphasizing production factors.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Economics; Principles of Economics, Chapter 2.

QUESTION NO: 6
Which of the following components of a business plan primarily illustrates industry knowledge as well as any industry research findings and conclusions?

A. Service or product line B. Executive summary C. Market analysis D. Organization and management

Correct Answer: C

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QUESTION NO: 7
Stacey has just received her first paycheck. As a responsible spender, Stacey pays her housing, food, and necessary clothing expenses first. The money that remains after paying those expenses is called

A. supplementary income B. passive income C. disposable income D. discretionary income

Correct Answer: D

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