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Praxis Business Education Content Knowledge (5101) Secrets Study Guide (2020) - Document preview page 1

Praxis Business Education Content Knowledge (5101) Secrets Study Guide (2020) - Page 1

Document preview content for Praxis Business Education Content Knowledge (5101) Secrets Study Guide (2020)

Praxis Business Education Content Knowledge (5101) Secrets Study Guide (2020)

Achieve certification success with Praxis Business Education Content Knowledge (5101) Secrets Study Guide (2020) , a structured guide designed to simplify complex topics and enhance your understanding.

Amelia Ward
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Praxis Business Education Content Knowledge (5101) Secrets Study Guide (2020) - Page 1 preview imageMometrixSECRETSStudyGuideYourKey toExamSuccessective,ArrdableHelp fromtheWorld’s#1TestPreparationCompanyMometrix
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Praxis Business Education Content Knowledge (5101) Secrets Study Guide (2020) - Page 2 preview image
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Praxis Business Education Content Knowledge (5101) Secrets Study Guide (2020) - Page 3 preview imageMometrixTESTPREPARATIONPraxisBusinessEducationContentKnowledge(5101)SecretsStudyGuideExamReviewand Practice Test forthe PraxisSubjectAssessments
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Praxis Business Education Content Knowledge (5101) Secrets Study Guide (2020) - Page 4 preview imageCopyright © 2020 by Mometrix MediaLLCAllrights reserved. This product,or partsthereof, maynotbereproduced, storedinaretrievalsystem,or transmittedin any formorby any means—electronic,mechanical, photocopy, recording,scanning,orother—except forbriefquotationsincritical reviewsorarticles,without the priorwrittenpermission ofthepublisher.Written and edited by Mometrix Test PrepPrinted intheUnited States of AmericaThispapermeetsthe requirementsofANSI/NISOZ39.48-1992(Permanence of Paper).Mometrix offers volumediscountpricing to institutions. For more informationoraprice quote,please contactoursalesdepartment atsales@mometrix.comor888-248-1219.MometrixMediaLLCisnotaffiliated withorendorsed byanyofficialtestingorganization.Allorganizational andtestnamesare trademarksoftheirrespective owners.PaperbackISBN13:978-1-5167-3876-2ISBN10:1-5167-3876-4
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Praxis Business Education Content Knowledge (5101) Secrets Study Guide (2020) - Page 5 preview imageDEAR FUTUREEXAMSUCCESSSTORYFirst ofall, THANKYOUforpurchasingMometrix study materials!Second, congratulations!Youare oneofthefewdetermined test-takerswhoarecommitted to doingwhateverittakes toexcel onyourexam. Youhavecometothe rightplace.We developed thesestudy materials with one goal in mind: to deliver youtheinformation youneedinaformatthat'sconcise and easy to use.Inaddition to optimizing your guide forthe contentofthetest, we've outlinedourrecommendedstepsforbreakingdownthe preparationprocess into small,attainablegoalssoyou can make sureyou stay on track.We've also analyzedthe entire test-takingprocess, identifyingthe mostcommon pitfalls andshowing how you can overcomethemand be ready for any curveballthe test throwsyou.Standardizedtestingisone ofthebiggest obstacles onyourroadto success, which only increasestheimportance of doing well inthehigh-pressure,high-stakesenvironmentoftestday. Yourresultson thistestcouldhaveasignificant impact on your future, and this guide providestheinformationand practical advicetohelp you achieveyourfullpotential ontestday.Yoursuccessisour successWewould love tohearfromyou!Ifyou wouldliketo sharethe storyofyourexam successorifyou have anyquestions orcomments in regardtoour products, please contact usat 800-673-8175or support@mometrix.com.Thanks again foryour businessand we wish you continued success!Sincerely,The Mometrix TestPreparationTeamNeedmore nelp? Capel putouifiapiants
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Praxis Business Education Content Knowledge (5101) Secrets Study Guide (2020) - Page 6 preview image—.
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Praxis Business Education Content Knowledge (5101) Secrets Study Guide (2020) - Page 7 preview imageTABLEOFCONTENTSINTRODUCTION1SECRETKEY#1-PLAN BIG,STUDY SMALL2SECRETKEY#2-MAKEYOURSTUDYINGCOUNT3SECRETKEY#3-PRACTICETHERIGHT WAY4SECRETKEY#4-PACEYOURSELF6SECRETKEY#5~ HAVEAPLAN FOR GUESSING7TEST-TAKINGSTRATEGIES10ACCOUNTING ANDFINANCE15PERSONAL FINANCE15CONSUMER ECONOMICS23BUSINESS ACCOUNTING50COMPUTATION AND QUANTITATIVEANALYSIS57COMMUNICATIONANDCAREERDEVELOPMENT.61BUSINESSCOMMUNICATION61ECONOMICS67MICROECONOMICS67ENTREPRENEURSHIP.78ENTREPRENEURSHIPAND BUSINESS PLANDEVELOPMENT78E-COMMERCE83INFORMATIONTECHNOLOGY89INFORMATIONPROCESSING AND COMPUTER TECHNOLOGY APPLICATIONS89LAWANDINTERNATIONALBUSINESS100BUSINESS LAW AND ETHICS100INTERNATIONALBUSINESS,MARKETING,ANDTRADE105MARKETINGANDMANAGEMENT,112ORGANIZATIONALMANAGEMENT112HUMAN RESOURCE MANAGEMENT,119MARKETING125PROFESSIONALBUSINESSEDUCATION132CAREERDEVELOPMENT AND PROFESSIONALISM132PRAXISPRACTICETEST139ANSWERKEY ANDEXPLANATIONS,157HOWTOOVERCOMETESTANXIETY168CAUSES OF TEST ANXIETY168ELEMENTS OFTESTANXIETY169EFFECTS OF TEST ANXIETY169iii
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Praxis Business Education Content Knowledge (5101) Secrets Study Guide (2020) - Page 8 preview imagePHYSICAL STEPS FOR BEATING TEST ANXIETYMENTAL STEPS FOR BEATING TEST ANXIETYSTUDY STRATEGYTESTTIPSIMPORTANT QUALIFICATIONTHANKYOUADDITIONALBONUSMATERIALiv170171172174175176177
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Praxis Business Education Content Knowledge (5101) Secrets Study Guide (2020) - Page 9 preview imageIntroductionThank you forpurchasing thisresource!Youhave madethechoice toprepareyourselfforatestthatcould haveahuge impact onyourfuture, and this guideisdesigned to help you be fully readyfortestday. Obviously,it'simportantto haveasolidunderstandingofthetestmaterial,butyou alsoneed to bepreparedfortheuniqueenvironmentandstressorsofthetest,sothatyou can performto the bestofyourabilities.For this purpose,the firstsectionthat appearsin this guideisthe SecretKeys. We've devotedcountlesshours tometiculouslyresearching whatworks andwhatdoesn’t, and we've boiled downourfindingsto thefivemostimpactfulstepsyou can take to improveyour performanceonthetest.Westartat thebeginning withstudyplanning and movethrough the preparationprocess,alltheway tothe testing strategies thatwillhelp youget the most outofwhatyou knowwhen you'refinally sitting infrontofthetest.Werecommendthatyoustart preparingfor yourtestas far in advance as possible.However,ifyou'veboughtthisguide as alast-minutestudyresourceand only have a few days beforeyourtest,we recommendthatyou skip overthe firsttwo SecretKeyssincethey addressa long-termstudyplan.Ifyou struggle withtestanxiety,we strongly encourage youtocheckout our recommendationsforhow you canovercomeit.Test anxietyisa formidablefoe,butit can bebeaten,and wewanttomakesureyou havethetools youneedtodefeatit.1Copyright©MometrixMedia You havebeenlicensedonecopyofthisdocumentforpersonaluse only. Anyother reproduction or redistributionisstrictlyprohibited.Allrightsreserved.
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Praxis Business Education Content Knowledge (5101) Secrets Study Guide (2020) - Page 10 preview imageSecretKey#1—PlanBig,StudySmallThere’salotridingonyourperformance.Ifyouwanttoacethistest,you'regoingtoneedtokeepyourskillssharpandthematerialfreshinyourmind.Youneedaplanthatletsyourevieweverythingyouneedtoknowwhilestillfittinginyourschedule.We'llbreakthisstrategydownintothreecategories.InformationOrganizationStartwiththeinformationyoualreadyhave:theofficialtestoutline.Fromthis,youcanmakeacompletelistofalltheconceptsyouneedtocoverbeforethetest.Organizetheseconceptsintogroupsthatcanbestudiedtogether,andcreatealistofanyrelatedvocabularyyouneedtolearnsobrushwantbularylisthandyonceyouyouactuallycanstartupstudyingonanysincedifficultyoumayterms.needYou'lltoaddtotoitkeepalongthistheway.vocaTimeManagementOnceyouhaveyoursetofstudyconcepts,decidehowtospreadthemoutoverthetimeyouhaveleftbeforethetest.Breakyourstudyplanintosmall,cleargoalssoyouhaveamanageabletaskforeachdayandknowexactlywhatyou'redoing.Thenjustfocusononesmallstepattime.Whenyoumanageyourtimethisway,youdon’tneedtospendhoursatatimestudying.aStudyingasmallblockofcontentforashortperiodeachdayhelpsyouretaininformationbetterandavoidstressingoverhowmuchyouhavelefttodo.Youcanrelaxknowingthatyouhaveaplantocovereverythingintime.Inorderforthisstrategytobeeffectivethough,youhavetostartstudyingearlyandsticktoyourschedule.Avoidtheexhaustionandfutilitythatcomesfromlast-minutecramming!StudyEnvironmentTheenvironmentyoustudyinhasabigimpactonyourlearning.Studyinginacoffeeshop,whileprobablymoreenjoyable,isnotlikelytobeasfruitfulasstudyinginaquietroom.It’simportanttokeepdistractionstoaminimum.You'reonlyplanningtostudyforashortblockoftime,somakethemostofit.Don’tpausetocheckyourphoneorgetuptofindasnack.It’salsoimportanttoavoidmultitasking.Researchhasconsistentlyshownthatmultitaskingwillmakeyourstudyingdramaticallylesseffective.Yourstudyareashouldalsobecomfortableandwell-litsoyoudon’thavethedistractionofstrainingyoureyesorsittingonanuncomfortablechair.The time of day youstudyisalso important.You wanttoberestedand alert.Don’twaituntiljustbefore bedtime. Study when you'll be most likely to comprehend andremember.Even better,ifyouknowwhattimeof day yourtestwillbe,set thattime aside for study. That wayyourbrain will beused to working onthatsubjectat thatspecific time and you'll haveabetterchance of recallinginformation.Finally,itcan be helpful toteamup withotherswhoarestudying forthesametest.Your actualstudying should be done in as isolated an environment as possible,but the workof organizingtheinformation andsettingupthestudy plan can be dividedup. Inbetween studysessions, you candiscuss with yourteammates theconceptsthat you'reallstudying and quiz eachotheronthedetails. Just besure thatyourteammatesare as seriousabout the testas youare.Ifyoufindthatyour study timeisbeing replaced with social time, you might needtofind anewteam.2Copyright©MometrixMedia. You havebeenlicensedone copy of thisdocumentforpersonaluse only. Anyother reproduction or redistributionisstrictly prohibited. Alrightsreserved.
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Praxis Business Education Content Knowledge (5101) Secrets Study Guide (2020) - Page 11 preview imageSecretKey#2—MakeYourStudyingCountYou'redevotingalotoff.oftimeandefforttopreparingforthistest,soyouwanttobeabsolutelycertainitwillpayThismeansdoingmorethanjustreadingthecontentandhopingyoucanrememberitontestday.It'simportanttomakeeveryminuteofstudycount.Therearetwomainareasyoucanfocusontomakeyourstudyingcount:RetentionItdoesn’tmatterhow much time youstudyifyou can’tremember thematerial.Youneedto makesureyouare retaining theconcepts.Tocheckyourretentionof theinformationyou'relearning,tryrecalling itat latertimes with minimal prompting. Try carryingaroundflashcards and glanceatoneortwofrom time to timeoraskafriend who's also studying forthe test toquiz you.Toenhanceyourretention,look for waysto put theinformation intopracticesothatyou can applyitrather thansimply recallingit. Ifyou'reusingtheinformation in practicalways,itwill be mucheasiertoremember.Similarly,ithelps to solidify a concept inyourmind ifyou're notonlyreadingittoyourself butalso explaining it to someoneelse. Aska friend to let youteach them aboutaconceptyou'rea little shaky on(or speakaloudtoan imaginary audience if necessary).Asyoutry tosummarize,define,give examples, andansweryourfriend’squestions, you'llunderstand theconceptsbetterandtheywillstaywith you longer.Finally,stepback for a bigpictureview and askyourself howeach pieceofinformation fits withthewhole subject. When you linkthe differentconceptstogetherand seethemworkingtogetheras awhole,it’seasier toremembertheindividualcomponents.Finally,practice showingyour workon any multi-step problems, even ifyou're juststudying.Writingouteachstepyou take to solveaproblemwillhelp solidifythe processinyourmind, andyou'll be more likelyto remember itduringthetest.ModalityModality simplyreferstothemeansormethod by which you study. Choosing astudymodalitythatfitsyourown individual learning styleiscrucial.Notwo peoplelearn bestin exactlythesame way,so it’simportant toknowyourstrengthsand usethemtoyouradvantage.Forexample,ifyoulearn bestby visualization, focus on visualizingaconcept inyourmind anddrawan imageora diagram. Try color-codingyournotes,illustratingthem,or creatingsymbolsthatwilltrigger yourmind to recallalearned concept.Ifyoulearn bestbyhearing ordiscussinginformation,findastudy partnerwho learnsthesame wayor readaloudtoyourself. Thinkabouthowto put theinformation inyourown words. Imaginethatyouaregiving alectureonthetopicandrecord yourselfso you can listentoit later.For any learning style, flashcards can be helpful. Organizetheinformation so you cantakeadvantage ofsparemoments to review. Underline keywords or phrases.Usedifferentcolors fordifferentcategories. Mnemonic devices (such as creating ashortlist in which every itemstartswiththesameletter)can also help withretention.Findwhatworksbestfor you and use it tostore theinformation inyourmindmosteffectivelyand easily.3Copyright©MometrixMedia, You havebeenlicensedone copyofthisdocumentforpersonaluse only, Anyother reproduction or redistributionIsstrictly prohibited.Allrightsreserved.
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Praxis Business Education Content Knowledge (5101) Secrets Study Guide (2020) - Page 12 preview imageSecretKey#3—PracticetheRight WayYoursuccessontestdaydependsnotonlyonhowmanyhoursyouputintopreparing,butalsoonwhetheryoupreparedtherightway.It'sgoodtocheckalongthewaytoseeifyourstudyingpayingoff.Oneofthemosteffectivewaystodothisisbytakingpracticeteststoevaluateyourisprogress.Practicetestsareusefulbecausetheyshowexactlywhereyouneedtoimprove.Everytimeyoutakeapracticetest,payspecialattentiontothesethreegroupsofquestions:¢Thequestionsyou gotwrong¢The questions you hadtoguesson,evenifyou guessedrightoThe questions you found difficult or slowto work throughThis will show you exactlywhat yourweak areas are, andwhereyouneed todevote more studytime.Askyourself why each ofthesequestions gave you trouble.Wasitbecauseyou didn’tunderstand thematerial? Wasitbecause you didn’tremember thevocabulary?Doyou need morerepetitionson this type ofquestionto build speed and confidence?Digintothosequestions andfigure out how you canstrengthenyour weak areas as yougoback toreview thematerial.Additionally, many practicetestshave a section explainingthe answerchoices. It can betemptingtoread theexplanation andthink thatyou now haveagoodunderstandingoftheconcept. However,an explanation likely only coverspartofthequestion'sbroadercontext.Eveniftheexplanationmakes sense, gobackandinvestigateeveryconceptrelatedtothe questionuntilyou'repositiveyou have athoroughunderstanding.Asyougoalong, keep in mindthat thepracticetestisjust that: practice. Memorizingthesequestions andanswerswillnotbe very helpful ontheactualtestbecauseitisunlikelytohave anyof the same exact questions.Ifyou only knowthe right answerstothesample questions, youwon'tbepreparedforthereal thing.Studytheconceptsuntil youunderstand themfully,andthenyou'llbe ableto answeranyquestion thatshows up on the test.It'simportanttowaitonthepracticetestsuntilyou'reready.Ifyoutakeatestonyourfirstday ofstudy, you may be overwhelmed bythe amountof material covered and how much you need tolearn. Workuptoit gradually.Ontestday, you'll needtobepreparedfor answering questions, managing your time, and usingthetest-taking strategiesyou've learned.It’sa lot tobalance,likea mentalmarathon thatwill have a bigimpact on your future.Liketrainingforamarathon, you'll need tostartslowly andworkyour wayup.Whentestday arrives, you'll be ready.Startwiththe strategiesyou'vereadinthefirst two Secret Keys—planyourcourse and studyinthewaythat works bestfor you. If you have time, consider using multiplestudy resources togetdifferentapproachestothesame concepts. It can behelpfultosee difficult concepts from morethanone angle. Then find a goodsourcefor practice tests.Manytimes,the test websitewill suggestpotentialstudy resources orprovide sample tests.4Copyright©MometrixMedia. You havebeenlicensedone copyofthisdocumentforpersonaluse only. Anyother reproduction or redistributionIsstrictlyprohibited.Allfightsreserved.
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Praxis Business Education Content Knowledge (5101) Secrets Study Guide (2020) - Page 13 preview imagePracticeTestStrategyIfyou'reabletofindat least threepractice tests, werecommendthisstrategy:UntimedandOpen-Book PracticeTakethe first testwith no timeconstraintsand withyournotes andstudyguide handy. Take yourtime and focus on applyingthe strategiesyou've learned.TimedandOpen-Book PracticeTakethesecond practicetestopen-book aswell,butsetatimerand practice pacingyourselftofinish in time.Timed and Closed-Book PracticeTake anyotherpracticetestsas ifit were testday.Setatimerandputawayyour studymaterials.Sitatatable ordesk inaquietroom, imagineyourself atthetestingcenter,and answer questionsasquickly andaccuratelyas possible.Keeprepeating timedand closed-booktestsonaregular basis until yourunoutofpracticetests orit's time fortheactual test. Your mind will bereadyfortheschedule andstressoftestday, andyou'll be abletofocus on recallingthematerial you've learned.5Copyright©MometrixMedia. You havebeenlicensedone copyofthisdocumentforpersonaluse only.Anyotherreproductionor redistributionlsstrictly prohibited.All rightsreserved.
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Praxis Business Education Content Knowledge (5101) Secrets Study Guide (2020) - Page 14 preview imageSecretKey#4—PaceYourselfOnceyou'refullypreparedforthematerial onthetest, your biggest challenge ontestday will bemanagingyourtime. Just knowingthat theclockisticking can make you panic even if you haveplenty oftimeleft.Work on pacing yourselfsoyou can build confidenceagainst thetimeconstraintsoftheexam. Pacingisadifficultskillto master, especially in ahigh-pressureenvironment, sopracticeisvital.Set time expectations foryourpace based on how much timeisavailable. Forexample,ifasectionhas 60questionsandthetime limitis 30minutes, you know you have to average 30 seconds or lessper questioninorder to answer themall.Although30 secondsisthe hardlimit,set25 secondsperquestion asyourgoal,so youreserveextra time to spend onharderquestions. When youbudgetextra time forthe harderquestions, you no longer have anyreasontostresswhenthosequestionstake longer to answer.Don't letthistime expectationdistractyou from workingthrough the test ata calm,steadypace,butkeep it in mindsoyou don’tspendtoo much time on any one question. Recognizethattakingextra time on onequestionyou don’tunderstandmay keep you fromanswering two thatyou dounderstand laterinthe test.Ifyour time limit foraquestionisup andyou'restillnot sureoftheanswer,markit and moveon,and come back to itlaterifthetime andthe test formatallow.Ifthetestingformat doesn’t allow you toreturnto earlier questions,justmake an educated guess;thenputitoutofyourmind and moveon.Onthe easierquestions, be carefulnotto rush.Itmay seem wiseto hurry through themsoyou havemore time forthechallenging ones,butit’snot worthmissingoneifyou knowtheconcept andjustdidn’ttake thetime toread thequestionfully.Work efficientlybutmakesureyouunderstand thequestion and have lookedatallofthe answerchoices, since morethanone may seemright atfirst.Even ifyou'repayingattentiontothetime, you may find yourself a littlebehind atsome point.Youshould speed up to get back on track,butdosowisely.Don’tpanic;just takea few seconds less oneachquestionuntilyou'recaughtup. Don’tguesswithoutthinking,butdo lookthroughtheanswerchoices and eliminate any you knowarewrong.Ifyou can get downtotwochoices,itisoftenworthwhileto guess from those.Onceyou've chosen an answer, move on and don’t dwell on anythatyou skippedorhadto hurrythrough.If aquestion was taking too long, chancesareit was oneofthe harderones, so youweren'tas likely togetit right anyway.Onthe otherhand,ifyou findyourselfgetting ahead of schedule, it may be beneficialtoslow downalittle. The more quickly you work,themore likely youareto make a careless mistakethatwillaffectyourscore. You've budgeted time for each question,sodon’t be afraid tospend thattime.Practice an efficientbutcareful pacetoget the most out ofthetime you have.6Copyright©MometrixMedia. You havebeenlicensedonecopyofthisdocumentfor personaluseonly. Anyother reproduction or redistributionisstrictlyprohibited.All Fightsreserved.
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Praxis Business Education Content Knowledge (5101) Secrets Study Guide (2020) - Page 15 preview imageSecretKey#5—HaveaPlanforGuessingWhenyou'retakingthe test,you may find yourself stuck on a question. Someof the answerchoicesseembetter than others, butyoudon'tseetheoneanswerchoicethatisobviously correct. What doyou do?The scenariodescribedaboveisvery common,yetmosttest takershavenoteffectivelypreparedforit.Developing and practicingaplan for guessing may be oneofthesinglemosteffectiveuses ofyourtime as youget readyfortheexam.Indevelopingyourplan for guessing,there are threequestionsto address:*When should youstart theguessing process?eHow should younarrowdownthechoices?eWhichanswershould you choose?WhentoStarttheGuessing ProcessUnlessyourplan for guessingistoselectCevery time (which,despiteits merits,isnot whatwerecommend), you needtoleaveyourselfenough time to applyyour answereliminationstrategies.Since you have a limitedamountof time for each question,thatmeansthatifyou'regoing to giveyourself the best shot atguessing correctly, you havetodecide quicklywhether or notyou willguess.Ofcourse,thebest-casescenarioisthatyou don’t have to guessatall,sofirst, see if you cananswerthe question basedonyourknowledgeofthesubject and basicreasoningskills. Focus onthekeywordsinthe questionandtryto jogyourmemoryofrelatedtopics.Giveyourselfachanceto bringtheknowledgetomind,butonce you realizethatyoudon'thave(oryou can’t access)theknowledge youneed to answer thequestion,it'stime tostart theguessing process.It’salmostalwaysbettertostart theguessing process too earlythantoolate.Itonlytakesa fewsecondsto remembersomething andanswer thequestion from knowledge. Carefully eliminatingwronganswerchoicestakeslonger.Plus,goingthrough the processof eliminatinganswerchoicescan actually help jogyourmemory.Summary: Start theguessingprocessas soon as you decidethatyou can’tanswer the questionbasedonyourknowledge.7Copyright©MometrixMedia. You havebeenlicensedonecapyof thisdocumentforpersonaluse only. Anyother reproduction or redistributionIsstrictlyprobibted. Alrightsreserved.
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Praxis Business Education Content Knowledge (5101) Secrets Study Guide (2020) - Page 16 preview imageHowtoNarrowDowntheChoicesThe nextchapterinthis book(Test-Taking Strategies)includesawide range ofstrategiesfor howto approachquestionsand how to look foranswerchoices to eliminate.Youwill definitelywanttoread those carefully, practice them, and figure out which oneswork bestfor you. Here though, we'regoing toaddressamindset rather thanaparticularstrategy.Yourchances of guessing ananswercorrectlydepend on how many options youarechoosingfrom.Howmany choices you haveHowlikely youareto guess correctly5K]5i!20%’faJfil]drEY425%3-133%:i250%1fw00%0TTTYoucan see from thischart justhowvaluableitisto be abletoeliminateincorrect answersandmake an educated guess,but there aretwo thingsthatmanytest takersdothatcause them to missoutonthebenefits of guessing:eAccidentally eliminatingthe correct answereSelecting ananswer basedon an impressionWe'lllookatthefirstone here, andthesecondoneinthe next section.Toavoid accidentallyeliminatingthe correctanswer, we recommend athoughtexercisecalledthe$5 challenge.Inthis challenge, you only eliminate ananswerchoice from contentionifyou arewilling tobet$5onitbeing wrong. Why$57 Five dollarsisasmallbut notinsignificantamountofmoney.It’sanamountyou could afford to losebut wouldn't wanttothrowaway.Andwhile losing$5once mightnot hurttoo much, doing ittwentytimeswillsetyou back $100.Inthesameway,each small decision you make—eliminatingachoice here, guessing onaquestionthere—won’t byitself impactyourscore very much,butwhen youputthemalltogether, theycan makeabigdifference.Byholding eachanswerchoice elimination decisiontoahigher standard,you can reducetheriskof accidentally eliminatingthe correctanswer.The$5challenge can also be applied inapositive sense:Ifyouarewilling tobet$5thatan answerchoiceiscorrect,goahead and mark it as correct.Summary:Onlyeliminate ananswerchoiceifyou are willing tobet$5thatitiswrong.8Copy+ight ©MometrixMedia, Tou havebeenlicensedone copy of this documentforpersanaluse only. Anyother reproduction orTedistributionts strictlyprohibited.ALrightsreserved.
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