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

1. As a consequence of bankruptcies resulting from fraudulent accounting practices and lack of ethical behavior by corporate officials, the United States Congress passed legislation in 2002 in an attempt to increase the accountability of corporate executives. Which of the following laws did Congress pass for this purpose?

A) Provide Appropriate Tools Required to Intercept and Obstruct Terrorism (PATRIOT) Act
B) Robinson-Patman Act
C) Consumer Credit Protection Act
D) Sarbanes-Oxley Act

2. Membership in which of the following Career and Technical Student Organizations is best for a student interested in an accounting career?

A) SkillsUSA
B) Family, Career and Community Leaders of America
C) Technology Student Association
D) Business Professionals of America

3. Which of the following best describes the relationship between a firm's assets, liabilities, and owners' equity?

A) Net worth
B) The accounting equation
C) The statement of cash flows
D) An annual report

4. 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) Early college high schools
C) Career and technology schools
D) State education agencies

5. Which of the following sentences is free of any gender, nationality, age, or race bias?

A) We need someone young and energetic to man the stockroom.
B) His conservative views will benefit the company's bottom line.
C) Cho Yung is a hardworking exchange student who excels in science.
D) Firemen are the bravest and most courageous people in the world.

Solutions: