EXAMEN PARCIAL - PRIMER SEMESTRE 2020

CURSO: 4TO. 9NA. 

FECHA: 6 DE ABRIL DE 2020 T.P. ___/15 pts.

1. WORD ORDER.  Put the words in the correct order to make a sentence. (3p)
a. talk / to my friends / on the phone / 
I talk to my friends on the phone.
b. do sports / I / at the weekends / not / do
I do not do sports at the weekends.
c. watching TV / we / not / are
We are not watching TV
d. make / people / laugh / when they are sad / You
You make people laugh when they are sad

2. INTRODUCTION TO ACCOUNTING-WHAT IS ACCOUNTING?-DIFFERENCES

BETWEEN FINANCIAL AND MANAGEMENT ACCOUNTING-WHO ARE THE BIG
FOUR? Read the sentences and write T if the statement is True and F if the statement is
False. (3p)

a. Accounting is a way of recording, analysing and summarising financial data. T

b. Management Accounting is the method of reporting the results and financial
position of a business. ___T
c. Financial Accounting has the responsability of planning the budgets of the
business. __T_
d. The Big Four accounting firms provide a wide range of accounting and consulting
services but not auditing services. _F_

3. ABBREVIATIONS AND ACRONYMS. Write the meaning of the letters or words. (3p)

a. GDP __Gross Domestic Products_________

b. COD ___Cash on Delivery_________
c. M & A  _____Mergers and acuisitions_____
d. VAT __Value Added Tax__________

4. TYPES AND FORMS OF BUSINESS. Multiple Choice. Circle the letter that goes with
the statement. (3p)

1. The three basic form of business organizations are:

a. Sole Proprietorship, Partnership and Corporation. #
b. Sole Proprietorship, Cooperative and LLC.
c. Partnership, Cooperative and LLC.

2. A Hybrid form of business because combines characteristics of a Corporation

and a Partnership is:
a. Cooperative #
b. LLC
c. Sole Proprietorship
 3. This business provides intangible products and performs services for a fee:
a. Merchandising B.
b. Manufacturing B.
c. Service B. THIS

4. This business buys products as raw materials for making a new product:
a. Merchandising B.
b. Manufacturing B. THIS
c. Service B.

5. THE STEPS IN STARTING A BUSINESS. Look at the words and complete the
sentences with them. (3p)

advertising - rewards - word of mouth - entrepreneur 

a. An __entrepreneur_____ is a person who decides to start their own business and

he or she is willing to take a risk.
b. Every business, regardless of size, involves four elements: expenses,
__rewards____receipts and record keeping and risk.
c. One of the best ways to spread information about your business is by _word of
mouth_______.