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About the Exam
The AP Business with Personal Finance Exam will require application of essential skills in entrepreneurship, business finance, management, marketing, and personal finance, and it will leverage realistic scenarios to assess your ability to make evidence-based, contextually aware decisions.
This is a fully digital exam. You’ll complete multiple-choice and free-response questions in the Bluebook testing app, with all responses automatically submitted at the end of the exam. The exam will include one free-response question about your Business Canvas Project.
Note: The 2027 AP Exam dates will be available in summer 2026.
2hrs 40mins
Exam Components
Section I: Multiple Choice
60 Questions 1hr 10mins 60% of Score
The questions in the multiple-choice section appear in sets of 3 or 4.
Each set of questions includes stimulus material that may include narrative summaries, data visualizations, financial statements, and job descriptions.
Section II, Part A: Free-Response Question 1: Business Canvas Project Exam-Day Validation
1 Question 25mins 15% of Score
You’ll respond to questions about the execution of your Business Canvas Project.
You’ll be asked to:
- Pitch your product idea.
- Explain how you used hypothesis testing to inform a decision.
- Explain why a challenge that is frequently faced by entrepreneurs may represent a challenge to the viability of your product idea.
Section II, Part B: Free-Response Questions 2–4
3 Questions 1hr 05mins 25% of Score
Free-Response Question 2: Personal Finance
You’ll be provided with a scenario that describes a fictional individual’s or household’s financial situation, including quantitative data and goals, and respond to questions about it.
You'll be asked to:
- Interpret provided data.
- Explain how the individual or household could achieve their financial goals.
Free-Response Question 3: Business Concept Application
You’ll be provided with a scenario that describes a fictional business that is gathering evidence to inform strategic planning and respond to questions about it.
You'll be asked to:
- Interpret provided business data.
- Explain how the business could achieve its goals.
Free-Response Question 4: Business Decision
You’ll be provided with a scenario that describes a fictional business facing an opportunity or a problem that requires the business to choose between two alternative courses of action, which are defined in the scenario in terms of their financial and nonfinancial implications.
You’ll be asked to:
- Establish decision-making criteria.
- Use decision-making criteria to compare the two courses of action.
- Recommend a course of action.
- Support the recommended course of action using reasoning and evidence from the scenario.
Exam Essentials
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