FREE PDF 2025 NEWEST PRAXIS BUSINESS-EDUCATION-CONTENT-KNOWLEDGE-5101: EXAM PRAXIS BUSINESS EDUCATION: CONTENT KNOWLEDGE (5101)EXAM PREP

Free PDF 2025 Newest PRAXIS Business-Education-Content-Knowledge-5101: Exam Praxis Business Education: Content Knowledge (5101)Exam Prep

Free PDF 2025 Newest PRAXIS Business-Education-Content-Knowledge-5101: Exam Praxis Business Education: Content Knowledge (5101)Exam Prep

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PRAXIS Praxis Business Education: Content Knowledge (5101)Exam Sample Questions (Q23-Q28):

NEW QUESTION # 23
Which THREE of the following are the primary responsibilities of a human resources department?

  • A. Compiling and posting financial statements
  • B. Developing new product designs and production strategies
  • C. Facilitating new employees' orientation
  • D. Communicating employer policies and expectations
  • E. Advising employees on privacy rights and health insurance options

Answer: C,D,E

Explanation:
Human resources (HR) departments focus on employee-related functions. Option A (facilitating orientation) is a core HR responsibility to onboard new employees. Option C (communicating policies) ensures employees understand workplace expectations. Option E (advising on privacy and insurance) involves HR's role in employee benefits and compliance. Option B (financial statements) is a finance department task. Option D (product designs) belongs to product development or engineering. This question aligns with the Management and Marketing category, emphasizing HR functions.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Management and Marketing; Human Resource Management, Chapter 1.


NEW QUESTION # 24
At the close of a fiscal period, the Prepaid Insurance Account shows a debit balance of $600, and an examination of entries in the Insurance Register shows $500 as expired insurance. Which of the following is the appropriate adjusting entry to be made as a part of the adjusting process?

  • A. Debit Insurance Expense $500, credit Prepaid Insurance $500
  • B. Debit Insurance Expense $500, credit Income and Expense Summary $500
  • C. Debit Insurance Expense $100, credit Prepaid Insurance $100
  • D. Debit Prepaid Insurance $100, credit Insurance Expense $100

Answer: A

Explanation:
Prepaid insurance represents insurance paid in advance, recorded as an asset. At the end of the fiscal period, the portion that has expired ($500) must be recognized as an expense. The adjusting entry reduces the Prepaid Insurance account (asset) by crediting it and increases the Insurance Expense account by debiting it for the expired amount. Thus, the correct entry is: Debit Insurance Expense $500, Credit Prepaid Insurance $500.
Option A incorrectly adjusts for $100, which is the remaining prepaid amount. Option B reverses the accounts and amounts incorrectly. Option C involves the Income and Expense Summary, which is not relevant for this adjustment. This question tests adjusting entries, a key concept in the Accounting and Finance category.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Accounting and Finance; Accounting Principles, Chapter 3.


NEW QUESTION # 25
To exchange one currency for another in international transactions, companies rely on a mechanism called the

  • A. international bond market
  • B. foreign exchange market
  • C. international equity market
  • D. Eurocurrency market

Answer: B

Explanation:
The foreign exchange market facilitates the exchange of one currency for another, enabling international transactions by determining exchange rates. Option A (Eurocurrency market) deals with currencies held outside their home country. Option C (international equity market) involves stock trading. Option D (international bond market) pertains to debt securities. This question aligns with the Economics category, focusing on international finance.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Economics; International Economics, Chapter 13.


NEW QUESTION # 26
The depth and detail presented in a business plan will depend primarily on the

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

Answer: C

Explanation:
The depth and detail of a business plan are primarily determined by the size and scope of the new venture, as larger or more complex ventures require more comprehensive planning to address operational, financial, and market complexities. Option A (target market) influences the marketing section but not the overall plan's detail. Option B (entrepreneur's experience) may affect quality but not depth. Option D (capital obtained) is a result of the plan, not its determinant. This question aligns with the Entrepreneurship category, focusing on business planning.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Entrepreneurship; Entrepreneurship: Starting and Operating a Small Business, Chapter 7.


NEW QUESTION # 27
Which of the following forms of business ownership is treated as a legal person separate and distinct from its owners and can initiate a legal action on its own behalf?

  • A. Homeowners' association
  • B. General partnership
  • C. Syndicate
  • D. For-profit corporation

Answer: D

Explanation:
A for-profit corporation is a legal entity separate from its owners, with the ability to enter contracts, sue, or be sued independently. Option A (homeowners' association) is a nonprofit entity, not a business ownership form.
Option B (syndicate) is a group formed for a specific purpose, not a legal entity. Option C (general partnership) involves shared liability among partners, not separate legal status. This question falls under the Entrepreneurship category, focusing on business structures.
Reference:ETS Praxis Business Education: Content Knowledge (5101) Study Companion, Section on Entrepreneurship; Business Law, Chapter 15.


NEW QUESTION # 28
......

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