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

1. For the development and maintenance of a business webpage, it is essential that

A) the most current software be used
B) the webpage be continuously updated
C) the hardware support video and sound
D) the server be maintained in-house

2. Which of the following is the best example of eminent domain?

A) The local government tells homeowners that they may not build a multifamily dwelling in an area containing only single-family dwellings.
B) The local government lays pipeline beneath the surface of privately owned land.
C) The state government intends to build a ramp to the highway and takes privately owned land to complete the building project.
D) The state government grants property ownership to homeowners who discover the property line runs through the middle of their home.

3. 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 Prepaid Insurance $100, credit Insurance Expense $100
C) Debit Insurance Expense $100, credit Prepaid Insurance $100
D) Debit Insurance Expense $500, credit Income and Expense Summary $500

4. Which of the following are used to refine a search on the Internet?

A) Default commands
B) Batch files
C) Boolean operators
D) Macros

5. Which of the following statements most accurately describes the partnership form of a business organization?

A) Owners' liability is limited to the amount of their investment in the partnership.
B) Owners do not have control of daily decisions unless they are officers of the partnership.
C) Each partner is fully liable for all debts incurred by the partnership.
D) A partnership is more difficult and expensive to start up than a corporation.

Solutions: