2016 E.

C, Business 2nd semester test 2 for Grade 11th

Name ______________________ Grade & Sec_______ Number_________ Time allowed 20’

I) choose the correct answer (1pt each): encircle your answer
1. Which of the following is a type of tax levied on sales of goods or services?

A. Tariffs D. Property Taxes

B. Consumption Tax E. All of these
C. Pollution tax

2. Which of the following is an example of goods subject to excise taxes?

A. tobacco products C. luxury items.

B. alcoholic beverages D. All of these

3. _________are business enterprises involved in moving goods from their point of

production to their point of consumption.

A. Production enterprises C. Distribution enterprises

B. Services enterprises D. All of these
4. _________is the aggregate total of all people, organizations and other forces that are
outsides the power of industry but that may affect its production.

A. Business Environment C. Production Enterprises

B. Service Enterprises D. Distribution Enterprises

5. Which of the following is an example of business services?

A. advertising agencies, D. private colleges

B. gymnasiums E. All of these
C. laundries

II)Write ‘’true’’ if the statement is correct ‘’false’’ if the statement is incorrect(1pts each)
1. In Ethiopia when a person dies, the property that he or she leaves for others may be
subject to tax. ______
2. All the activities of business enterprises are governed by socio-cultural
environment._____
3. Gift taxes are sometimes called death taxes. __________
4. A pollution tax is called a lump-sum tax or head tax, collects the same amount of money
from each individual regardless of income or circumstances.______
III) Short answer

1. What is the difference between personal income tax and payroll tax?
________________________________________________________________________
________________________________________________________________________
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 2016 E.C, Business 2nd semester test 2 for Grade 11th

Name ______________________ Grade & Sec_______ Number_________ Time allowed 20’

________________________________________________________________________
________________________________________________________________________
________________________________________________________________________

2|Page