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Praxis Business Education - Content Knowledge (5101): Practice & Study Guide Final Exam

Free Practice Test Instructions:

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

Question 1 1. An established business that provides resources, such as money, technology, office space, or marketing, in exchange for equity ownership in a new business is known as which of the following?

Question 2 2. Which of the following is considered the first step of the accounting cycle?

Question 3 3. The measure of importance of a misstatement in accounting records is referred to as which of the following under Generally Accepted Accounting Principles (GAAP)?

Question 4 4. A first-line manager at the corporate headquarters of a large telecommunications firm would BEST be categorized as which of the following?

Question 5 5. Activities that are used to educate, promote, and inform consumers about a product or service are BEST defined as which of the following?

Question 6 6. The type of informational report that contains facts about monitoring and controlling operations, and which also serves to provide feedback on a company's operations are referred to as:

Question 7 7. Which one of the following actions are job seekers recommended to take during the job application process?

Question 8 8. Program files that enable an operating system (OS) to recognize hardware devices and their respective properties are referred to as which of the following?

Question 9 9. The process that ensures that the files on two different devices are updated using specific rules is known as:

Question 10 10. Ad valorem and flat assessments are methods used to determine which of the following?

Question 11 11. An agreement that addresses matters of great importance between countries, which is often negotiated through international organizations such as the United Nations (UN), International Monetary Fund (IMF), or World Bank on a regional or global basis is referred to as which of the following?

Question 12 12. Advertising materials produced to promote a large IT consulting firm tout the superiority of the corporation's service in terms of timeliness and overall customer satisfaction in comparison to the company's competitors. If these claims are true, which of the following would BEST apply to the organization in question?

Question 13 13. Which of the following describes the type of fiscal policy consisting of tax structures and government spending programs which lead to larger budget deficits during recessions and larger surpluses during expansions, and which tend to offset fluctuations in economic activity without direct intervention from policymakers?

Question 14 14. Which of the following BEST describes the visuals used by accounting professionals to see how accounts are affected by the debits and credits of business transactions?

Question 15 15. Of the seven steps that can be used to create an effective persuasive presentation of ideas from a sales standpoint, which one is considered the most important?

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Praxis Business Education - Content Knowledge (5101): Practice & Study Guide Final Free Practice Test Instructions

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

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