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Title: Business Education: Content Knowledge
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The Praxis? Study Companion
Business Education: Content Knowledge
5101
praxis

Welcome to the Praxis? Study Companion
Welcome to The Praxis?Study Companion
Prepare to Show What You Know
You have been working to acquire the knowledge and skills you need for your teaching career. Now you are ready to demonstrate your abilities by taking a Praxis? test.
Using the Praxis? Study Companion is a smart way to prepare for the test so you can do your best on test day. This guide can help keep you on track and make the most efficient use of your study time.
The Study Companion contains practical information and helpful tools, including: ? An overview of the Praxis tests ? Specific information on the Praxis test you are taking ? A template study plan ? Study topics ? Practice questions and explanations of correct answers ? Test-taking tips and strategies ? Frequently asked questions ? Links to more detailed information
So where should you start? Begin by reviewing this guide in its entirety and note those sections that you need to revisit. Then you can create your own personalized study plan and schedule based on your individual needs and how much time you have before test day.
Keep in mind that study habits are individual. There are many different ways to successfully prepare for your test. Some people study better on their own, while others prefer a group dynamic. You may have more energy early in the day, but another test taker may concentrate better in the evening. So use this guide to develop the approach that works best for you.
Your teaching career begins with preparation. Good luck!
Know What to Expect
Which tests should I take?
Each state or agency that uses the Praxis tests sets its own requirements for which test or tests you must take for the teaching area you wish to pursue. Before you register for a test, confirm your state or agency's testing requirements at praxis/states.
How are the Praxis tests given?
Praxis tests are given on computer. Other formats are available for test takers approved for accommodations (see page 32).

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Welcome to the Praxis? Study Companion
What should I expect when taking the test on computer?
When taking the test on computer, you can expect to be asked to provide proper identification at the test center. Once admitted, you will be given the opportunity to learn how the computer interface works (how to answer questions, how to skip questions, how to go back to questions you skipped, etc.) before the testing time begins. Watch the What to Expect on Test Day video to see what the experience is like.
Where and when are the Praxis tests offered?
You can select the test center that is most convenient for you. The Praxis tests are administered through an international network of test centers, which includes Prometric? Testing Centers, some universities, and other locations throughout the world.
Testing schedules may differ, so see the Praxis web site for more detailed test registration information at praxis/register.

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Table of Contents
Table of Contents
The Praxis? Study Companion guides you through the steps to success
1. Learn About Your Test ....................................................................................................5 Learn about the specific test you will be taking
2. Familiarize Yourself with Test Questions ......................................................................8 Become comfortable with the types of questions you'll find on the Praxis tests
3. Practice with Sample Test Questions ......................................................................... 12 Answer practice questions and find explanations for correct answers
4. Determine Your Strategy for Success ......................................................................... 19 Set clear goals and deadlines so your test preparation is focused and efficient
5. Develop Your Study Plan............................................................................................. 22 Develop a personalized study plan and schedule
6. Review Study Topics .................................................................................................... 26 Review study topics with questions for discussion
7. Review Smart Tips for Success.................................................................................... 30 Follow test-taking tips developed by experts
8. Check on Testing Accommodations ........................................................................... 32 See if you qualify for accommodations that may make it easier to take the Praxis test
9. Do Your Best on Test Day............................................................................................. 33 Get ready for test day so you will be calm and confident
10. Understand Your Scores............................................................................................ 35 Understand how tests are scored and how to interpret your test scores
Appendix: Other Questions You May Have ................................................................... 37

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Step 1: Learn About Your Test

1. Learn About Your Test
Learn about the specific test you will be taking

Business Education: Content Knowledge (5101)

Test Name Test Code Time Number of Questions Format Test Delivery

VIII VII
VI
V

I
II
III IV

Test at a Glance

Business Education: Content Knowledge 5101 2 hours 120 Selected-response questions Computer delivered
Content Categories

Approximate Number of Questions

I. Accounting and Finance

18

II. Communication and Career Development

18

III. Economics

12

IV. Entrepreneurship

12

V. Information Technology

18

VI. Law and International Business

18

VII. Marketing and Management

12

VIII. Professional Business Education

12

Approximate Percentage of Examination
15% 15% 10% 10% 15% 15% 10% 10%

About This Test
The Praxis Business Education: Content Knowledge test is intended primarily for persons planning to teach in business education programs. The test concentrates on the core of knowledge and cognitive skills common to all business teachers, including content that contributes to general business and economic literacy. Also included are questions about business education in general and questions about areas of specialization within business education. An examinee planning to take this test should be prepared to encounter ethical and technological concepts as well as emerging trends and issues. Because of the variations among business education programs, some questions may refer to areas you may not have studied. Therefore, no one is expected to answer all of the questions on the test correctly. In addition, this test may contain some questions that do not count toward your score.
In general, the topics concern areas broadly defined as business and economic literacy; professional business education, including knowledge, comprehension, and application of pedagogical techniques; and business specialization, including specific background and application knowledge considered essential for a business education teacher. The examination is typically taken by examinees who have completed a bachelor's degree program in education with appropriate coursework in business education. Examinees will be allowed to use a calculator during the examination; however, calculators with QWERTY keyboards will not be allowed.

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Step 1: Learn About Your Test

Test Specifications
Test specifications in this chapter describe the knowledge and skills measured by the test. Study topics to help you prepare to answer test questions can be found on page 26.

I. Accounting and Finance
A. Accounting: the accounting cycle, the accounting process, and the interpretation and use of financial statements
B. Personal and business finance: savings and investments; managing credit, finances, and risks; financial institutions

IV. Entrepreneurship A. Characteristics
B. Entrepreneurial opportunities C. Forms of ownership: sole proprietorship,
partnership, corporation
D. Business plans: components and rationale

II. Communication and Career Development A. Foundations of communication: barriers, techniques, and skills
B. Written and oral communications: letters, memos, email, presentations, reports
C. Employment communication: r?sum?s, applications, interview techniques and tools
D. Career research: evaluating occupational interests and using career research tools and resources
III. Economics A. Allocation of resources: supply and demand, opportunity cost, scarcity, factors of production, etc.
B. Economic systems: free enterprise, market versus command economies, mixed economies
C. Market structures: monopolies, oligopolies, competition, the effect of the structures on pricing and the quality of goods and services
D. Role of government: fiscal policies, taxation, monetary policies, banking regulations
E. Economic indicators: growth, productivity, employment, the business cycle

V. Information Technology A. Operations and concepts: hardware, software, networking, operating environments, file management, security
B. Human factors: ergonomics, workflow, physical design/layout
C. Technology tools:
1. Communication (e.g., telecommunications, Internet, netiquette)
2. Research (e.g., Internet usage, search strategies, databases)
3. Problem solving and decision making using applications (e.g., word processing, multimedia, spreadsheet, database, desktop publishing, web design, programming, collaborative software)
VI. Law and International Business A. Foundations of international business: role and impact
B. International business environment: social, cultural, political, legal, and economic factors; and the impact of a country's infrastructure
C. Trade relations: imports and exports; trade barriers, trade agreements, and balance of trade
D. Contract law
E. Consumer law
F. Computer law: copyright, intellectual property, privacy/security
G. United States court system

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