Skip to content
GACECode: 715GACE®Code: 715Georgia GaPSC120 Questions · 5 Testlets · 2h 45minGrades 6–12 BusinessNo Reference Materials

GACE® Business (6–12) (715)
Practice Test

You'll prepare for five testlets — 224 Business Foundations (20 questions, 30 min, $31.50), 225 Business Management (25 questions, 30 min, $31.50), 226 Financial Analysis (25 questions, 30 min, $31.50), 502 Technology, Economics, and Career Development (20 questions, 30 min, $31.50), and 501 Financial Literacy (30 questions, 45 min, $43.00). Combined: 120 questions, 2 hours 45 minutes, $169.00. You need a cumulative score of 220 or higher, and you must also meet the floor score for each individual testlet. No calculator or reference sheet is provided. Administered by Evaluation Systems of Pearson for GaPSC.

120
Questions
2h 45m
Time limit
220
Pass score
3
Domains
Start Practice Free →View Exam Blueprint
4.9 · 12,400

Start Practicing Free

No credit card. 10 questions/day free forever.

Get Free Access →See Premium Plans
Adaptive IRT-based selection
Explanation for every question
Domain-level score breakdown
Timed full-length practice mode

GACE Business (6–12) (715): Test at a Glance

Here’s a quick overview of the exam. Four testlets are similarly sized at 20–25 questions each. Testlet 501 (Financial Literacy) is the largest and has a different fee.

Assessment code
715
GACE Business (6–12)
Total questions
120
Across five testlets
Combined testing time
2h 45m
All five in one appointment
Passing score
220
Cumulative, plus each floor
Combined fee
$169
All five testlets together
Reference materials
None
No calculator provided
Testlet 224
Business Foundations
20q · 30 min · $31.50
Testlet 225
Business Management
25q · 30 min · $31.50
Testlet 226
Financial Analysis
25q · 30 min · $31.50
Testlet 502
Technology, Economics & Career Dev.
20q · 30 min · $31.50
Testlet 501
Financial Literacy
30q · 45 min · $43.00 · Shared
Tutorial + NDA
+15 min
Per testing session

About the GACE Business (6–12) (715)

Here’s what you need to know before you register.

The GACE Business (6–12) exam is for individuals seeking admission to an educator preparation program, initial certification in Georgia, or qualification to teach business education in Georgia secondary schools. It is administered through Evaluation Systems of Pearson on behalf of the Georgia Professional Standards Commission (GaPSC).

The exam is made up of five testlets, which you can take together in one session or separately. Testlets 224 (Business Foundations) and 502 (Technology, Economics, and Career Development) each have 20 questions and a 30-minute time limit. Testlets 225 (Business Management) and 226 (Financial Analysis) each have 25 questions and a 30-minute time limit. Testlet 501 (Financial Literacy) is the largest, with 30 questions and a 45-minute time limit. Combined, all five testlets total 120 questions in 2 hours and 45 minutes — more total questions than most other GACE secondary content exams.

Fees differ by testlet: Testlets 224, 225, 226, and 502 each cost $31.50 individually, while Testlet 501 (Financial Literacy) costs $43.00 — it’s a shared testlet that also appears on other GACE assessments, including GACE Mathematics (711) and GACE Economics (719). All five testlets together cost $169.00. Plan for extra time beyond the testing minutes themselves: add 15 minutes per testing session for a tutorial and to complete a nondisclosure agreement.

The exam is delivered entirely by computer in a selected-response (multiple-choice) format. No reference materials are provided — you won’t have access to a calculator, formula sheet, or any other aid during any of the five testlets, including Testlet 226 (Financial Analysis), where you might expect one.

To pass, you need a cumulative score of 220 or higher, and you must also meet the floor — the minimum required score — for each individual testlet. To register, create a GaPSC MyPSC account at mypsc.gapsc.org, then create an Evaluation Systems GACE testing account at gace.es.pearson.com.

Five Testlets at a Glance

Four testlets are similarly sized at $31.50 each. Testlet 501 (Financial Literacy) is the largest and costs $43.00.

Testlet 224
Business Foundations
Questions20
Time30 min
Fee$31.50
Forms of business ownership, business law fundamentals, business ethics, entrepreneurship basics, and business communication.
Testlet 225
Business Management
Questions25
Time30 min
Fee$31.50
Management functions, organizational behavior, leadership styles, human resource management, operations management, and business decision-making.
Testlet 226
Financial Analysis
Questions25
Time30 min
Fee$31.50
Accounting principles, financial statements, financial ratios, budgeting, banking and credit, and business taxation.
Testlet 502
Technology, Economics, and Career Development
Questions20
Time30 min
Fee$31.50
Business technology and information systems, economic principles, workplace readiness skills, and career development for business students.
Testlet 501 — Shared
Financial Literacy
Questions30
Time45 min
Fee$43.00
Financial responsibility, decision-making, and planning; risk management tools; principles of investing; and managing credit and debt. Shared across multiple GACE assessments.

GACE Business (6–12) (715) Exam Outline

Below you’ll find the content areas covered in each testlet, along with the confirmed question count and time limit for each.

Testlet 224
Business Foundations
There are 20 selected-response questions in this testlet, and you’ll be timed at 30 minutes. These questions test your knowledge and abilities regarding the following:
  • Forms of business ownership, including sole proprietorships, partnerships, and corporations
  • Fundamental principles of business law
  • Business ethics and social responsibility
  • Foundations of entrepreneurship
  • Business communication practices
20q
30 minutes
$31.50 individual
Testlet 225
Business Management
There are 25 selected-response questions in this testlet, and you’ll be timed at 30 minutes. These questions test your knowledge and abilities regarding the following:
  • The core functions of management: planning, organizing, leading, and controlling
  • Organizational behavior and structure
  • Leadership styles and their application
  • Human resource management practices
  • Operations management and business decision-making processes
25q
30 minutes
$31.50 individual
Testlet 226
Financial Analysis
There are 25 selected-response questions in this testlet, and you’ll be timed at 30 minutes. These questions test your knowledge and abilities regarding the following:
  • Fundamental accounting principles
  • Financial statements, including the income statement, balance sheet, and cash flow statement
  • Financial ratio analysis
  • Budgeting for businesses
  • Banking, credit, and business taxation
25q
30 minutes
$31.50 individual
Testlet 502
Technology, Economics, and Career Development
There are 20 selected-response questions in this testlet, and you’ll be timed at 30 minutes. These questions test your knowledge and abilities regarding the following:
  • Business technology and information systems
  • Fundamental economic principles as applied to business
  • Workplace readiness skills
  • Career development and career pathways in business
20q
30 minutes
$31.50 individual
Testlet 501 — Shared testlet
Financial Literacy
There are 30 selected-response questions in this testlet, and you’ll be timed at 45 minutes. These questions test your knowledge and abilities regarding the following:
  • Financial responsibility, decision-making, and personal budgeting
  • Tools used to inform consumers and manage risk, including insurance
  • Principles of investing, including risk-return trade-off and diversification
  • Managing credit and debt, including credit scores and debt repayment strategies
30q
45 minutes
$43.00 individual

High-Priority Topics by Testlet

Use this section to focus your study time. These topics are drawn from the official GACE 715 content objectives.

Testlet 224

Business Foundations — Top Topics

20q · 30 min
Forms of business ownership. Know the key differences between sole proprietorships, partnerships, and corporations, including liability, taxation, and ease of formation for each.
Business ethics. Know how ethical principles apply to business decision-making, and be ready to identify ethical versus unethical business practices in scenario-based questions.
Entrepreneurship fundamentals. Know the basic steps of starting a business, including the role of a business plan, market research, and startup financing.
Business communication. Know effective written and verbal communication practices in a professional business context.
Testlet 225

Business Management — Top Topics

25q · 30 min
The four functions of management. Know planning, organizing, leading, and controlling as the core management functions, and be ready to identify which function a given management activity represents.
Leadership styles. Know the major leadership styles — autocratic, democratic, and laissez-faire — and the situations where each is most effective.
Human resource management. Know the core HR functions, including recruitment, training, performance evaluation, and employee retention.
Organizational structure. Know the differences between common organizational structures, such as hierarchical, flat, and matrix structures.
Testlet 226

Financial Analysis — Top Topics

25q · 30 min
The three core financial statements. Know how to read and interpret the income statement, balance sheet, and cash flow statement, and what each one tells you about a business’s financial health.
Financial ratio analysis. Know the common financial ratios used to evaluate a business, including profitability, liquidity, and solvency ratios.
Budgeting principles. Know how businesses create and use budgets to plan and control spending.
Banking, credit, and taxation. Know the basics of business banking relationships, credit terms, and how businesses are taxed.
Testlet 502

Technology, Economics, and Career Development — Top Topics

20q · 30 min
Business information systems. Know how businesses use technology and information systems to support operations, communication, and decision-making.
Core economic principles. Know how supply and demand, market structures, and economic indicators apply to business decision-making.
Workplace readiness skills. Know the professional skills students need for career success, including communication, teamwork, and problem-solving.
Career development pathways. Know how to guide students through career exploration and planning within business-related fields.
Testlet 501

Financial Literacy — Top Topics

30q · 45 min · Shared testlet
Compound interest and the time value of money. Know how to distinguish simple interest from compound interest, and how the Rule of 72 estimates how long it takes an investment to double.
Credit scores and debt management. Know the five factors that make up a FICO credit score and their relative weights, and the difference between the avalanche and snowball debt repayment methods.
Risk management through insurance. Know key insurance terms — premium, deductible, copayment, coinsurance — and how insurance transfers risk from an individual to an insurer.
Investing principles. Know the risk-return trade-off, the role of diversification in reducing risk, and the basic differences between stocks, bonds, and mutual funds.

Registration, Test Day & Scoring

Here’s what to expect when you register, show up on test day, and receive your scores.

Registration & Fees

Step 2Submit testing eligibility request
Combined (all 5)$169.00
Testlets 224, 225, 226, 502 (each)$31.50
Testlet 501$43.00

Scoring

Cumulative passing score220 or higher
Per-testlet requirementMust meet each testlet’s floor
Wrong answer penaltyNone — answer every question
After testingReceipt of completion provided
Question formatSelected-response only

Test Day

Combined questions120 (5 testlets)
Combined testing time2 hours 45 minutes
Tutorial + NDA+15 min per session
Delivery formatComputer-delivered

Reference Materials

CalculatorNot provided
Formula sheetNot provided
Applies toAll five testlets
Test datesBy appointment, year-round

Who Needs the GACE Business (6–12) (715)?

Find out if this is the right exam for your teaching goals.

Georgia Requirement: You need the GACE Business (6–12) (715) if you are seeking a Georgia teaching certificate in Business Education for grades 6 through 12. You must pass all five testlets (224, 225, 226, 502, and 501) to earn the full certification — meaning a cumulative score of 220 or higher, plus meeting the floor score on each individual testlet.

Testlet 501 credit across exams: Testlet 501 (Financial Literacy) is a shared testlet that also appears on other GACE assessments, including GACE Mathematics (711) and GACE Economics (719). If you have already passed Testlet 501 through another GACE assessment, you may have credit toward the 715. Verify this in your Evaluation Systems GACE testing account at gace.es.pearson.com/test/715 before registering.

How to register: Start by creating a GaPSC MyPSC account at mypsc.gapsc.org to get your Georgia certification number. After your eligibility is confirmed, create an Evaluation Systems GACE testing account and register for your testlets. Always verify current certification requirements at gapsc.com.

How to Prepare for the GACE Business (6–12) (715)

Here are some tips to help you get ready for each testlet.

  • With five testlets and 120 total questions, this is one of the longer GACE content exams — plan your prep timeline accordingly. Give yourself enough runway to cover four distinct content areas plus financial literacy rather than cramming everything into the final weeks before your appointment.
  • Because no calculator or reference sheet is provided, practice financial calculations by hand. Testlet 226 (Financial Analysis) and Testlet 501 (Financial Literacy) both involve numerical reasoning — ratio calculations, interest calculations, and financial statement analysis — that you’ll need to work through without assistance.
  • Don’t treat Testlet 501 (Financial Literacy) as an afterthought just because it’s not business-specific. If you haven’t already earned credit for this testlet through another GACE assessment, dedicate real study time to it — business knowledge alone doesn’t guarantee strong performance on personal finance content like credit scores and insurance terminology.
  • For Testlet 225 (Business Management), practice matching scenarios to the correct management function. Questions often describe a workplace situation and ask whether it represents planning, organizing, leading, or controlling — practice this classification skill directly.
  • For Testlet 226 (Financial Analysis), be comfortable reading all three financial statements, not just one. Many candidates are more familiar with the income statement than the balance sheet or cash flow statement — make sure your preparation covers all three equally.
  • Use the Georgia Standards of Excellence for Career, Technical, and Agricultural Education as your primary content reference. The Georgia standards for business education tell you what depth of content is expected at the secondary level, and they’re the standard the GACE Business exam is built around.

Frequently Asked Questions

Have questions about the GACE Business exam? Here are answers to the most common ones.

How many questions are on the GACE Business (6-12) (715)?
There are 120 selected-response questions in total. Testlet 224 has 20 questions in 30 minutes. Testlet 225 has 25 questions in 30 minutes. Testlet 226 has 25 questions in 30 minutes. Testlet 502 has 20 questions in 30 minutes. Testlet 501 has 30 questions in 45 minutes. Combined testing time is 2 hours and 45 minutes.
What is the passing score for the GACE Business (715)?
You need a cumulative score of 220 or higher, and you must also meet the floor — the minimum required score — for each individual testlet. Meeting the cumulative total alone isn’t enough if you fall below the floor on any one testlet.
How much does the GACE Business (715) cost?
The fee for all five testlets in one appointment is $169.00. If you take testlets individually, Testlets 224, 225, 226, and 502 each cost $31.50, and Testlet 501 (Financial Literacy) costs $43.00.
Is a calculator or reference sheet provided for the GACE Business exam?
No. No reference materials are provided for this exam. You won’t have access to a calculator, formula sheet, or any other aid during any of the five testlets, including Testlet 226 (Financial Analysis).
Is Testlet 501 Financial Literacy unique to the Business exam?
No. Testlet 501 (Financial Literacy) is a shared testlet that also appears on other GACE assessments, including GACE Mathematics (711) and GACE Economics (719). If you’ve already passed it through another exam, you may have credit toward the 715.
How do I register for the GACE Business (715)?
To register, you’ll need your MyPSC account. If you don’t have one, create an account at mypsc.gapsc.org to receive your Georgia certification number. Once your eligibility is confirmed, create an Evaluation Systems GACE testing account at gace.es.pearson.com/test/715 and register for the testlets you want to take.

Ready to Start Practicing?

Practice questions covering all five testlets — Business Foundations (224), Business Management (225), Financial Analysis (226), Technology, Economics, and Career Development (502), and Financial Literacy (501) — aligned to the official GACE 715 blueprint. Detailed answer explanations so you understand not just the right answer, but why it’s right.

Get Free Access — No Credit Card Needed
Sources: GACE Business (6–12) (715) official test page (Evaluation Systems of Pearson, 2025–26) — primary source; GACE Assessment Fee Schedule (official PDF) (Evaluation Systems of Pearson) — testlet codes and fees verified; GaPSC — Georgia Professional Standards Commission; Georgia Career, Technical, and Agricultural Education (CTAE); Council for Economic Education; JumpStart National Standards for Financial Literacy. GACE® is a registered trademark of the Georgia Professional Standards Commission. Evaluation Systems is a division of Pearson. Not affiliated with or endorsed by GaPSC, Pearson, or any state licensing agency. Always verify current requirements at gapsc.com.
Last Updated: September 21, 2026