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

1. A business owner has just purchased a piece of equipment for $3,500. The terms of the purchase state that if the balance is paid in full within 30 days, the buyer will receive 1% off. If the owner pays in full two weeks after the purchase, which of the following is the amount the owner will pay?

A) $3,150
B) $3,465
C) $2,975
D) $3,000

2. The primary purpose of a local area network (LAN) is to

A) facilitate communication via a modem
B) enable distributors of data-processing equipment to provide assistance to users more efficiently
C) display data on a monitor connected to a processor by cable
D) permit high-speed communication between various kinds of electronic equipment within an area

3. 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) Syndicate
B) Homeowners' association
C) General partnership
D) For-profit corporation

4. The Robinson-Patman Act was initially enacted for which of the following purposes?

A) To eliminate price discrimination in intrastate commerce
B) To provide employees with a safe work environment
C) To eliminate price discrimination in interstate commerce
D) To protect employees from job discrimination

5. Which of the following issues was the Computer Fraud and Abuse Act (CFAA) originally created to address?

A) Identity theft
B) Unsolicited email messages
C) Hacking
D) Cyberbullying

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