PRAXIS II Test Study Guide | PRAXIS II Test Flashcards

Praxis II Business Education Test Questions

1. What type of business features no ownership restriction, some liability for some owners, and single taxation of business income?

A. limited liability partnership
B. general partnership
C. limited liability company
D. corporation

2. The value of the output provided by a given resource is known as its _____.

A. variability
B. productivity
C. durability
D. marginal utility

3. Which of the following statements is true of corporations?

A. They are the most popular form of new business.
B. They are the easiest form of new business to start.
C. They have the easiest time generating investment.
D. They are barely regulated by the federal government.

4. What is another name for the interest rate given by banks to trustworthy businesses?

A. equilibrium interest rate
B. subprime rate
C. market rate
D. prime rate

5. What is the name for a union's efforts to force an employer to hire more employees than necessary?

A. featherbedding
B. collusion
C. strike busting
D. mollycoddling

6. Which kind of computer memory is used to temporarily store information while the computer is using it?

A. Read-only memory (ROM)
B. BIOS
C. Virtual memory
D. Random-access memory (RAM)

7. What is the name of the program that initiates an operating system when the computer is turned on?

A. Central processing unit (CPU)
B. BIOS
C. disk cache
D. SCSI

8. What is another name for the bit of information stored by your computer that enables it to reload web pages more quickly?

A. cache
B. byte
C. cookie
D. bit

9. What is the name of the central circuit board which connects to all the other internal components of a computer?

A. motherboard
B. hard drive
C. accelerated graphics port
D. operating system

10. Which of the following characteristics of a website does NOT indicate that it is reputable for academic use?

A. It is certified by a well-known organization.
B. It displays the credentials of its contributors.
C. It does not contain any dead links.
D. It does not contain links to other, better-known sites.

11. What measure is derived by subtracting sales returns and discounts from gross sales?

A. gross revenue
B. net sales
C. net operating expenses
D. revenue

12. According to Maslow, which of the following is an intrinsic motivation?

A. recognition from the boss
B. professional awards
C. personal satisfaction
D. money

13. Which of the following is the measure of a company's ability to pay what it owes as these obligations arise?

A. liquidity ratio
B. effectiveness ratio
C. real ratio
D. profitability ratio

14. What kind of manager is responsible for all of the activities in an organization that produce profit?

A. functional manager
B. line manager
C. staff manager
D. general manager

15. What is the name for the date by which a stock recipient must own the stock in order to receive an upcoming dividend?

A. payment date
B. date of receipt
C. declaration date
D. record date

Praxis II Business Education Test Answer Key