Master’s Degree Course Department of Economics and Finance

and Department of Business and Management

A.Y. 2017/2018

DO NOT REMOVE

THE PLASTIC COVER

UNTIL YOU ARE GIVEN

THE SIGNAL

MAG DID 1/17

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INSTRUCTIONS

It is in your interest to carefully read the instructions contained in this booklet. They are

indispensable to carrying out the test in a correct manner. WARNING: the time limit assigned to

you includes the reading of these instructions as well as the completion of the test.

The test consists of various types of questions. For each question, you will be given four

possible answers. For each question, you must choose only one of the answers provided. Choose the

most correct answer.

You will find the questions in this booklet. You must mark your answers on the answer

sheet that has been provided along with the booklet.

Mark your answers by filling in the corresponding box ( ) on the answer sheet.

ATTENTION: do not write your answers in this booklet. Use the appropriate answer sheet that has

been provided.

On the answer sheet, only fill in the boxes ( ) that correspond with the answers that you

want to give.

You are not allowed to change your answer once it has been filled in on the sheet.

Always check that the number of the question in the booklet is the same as the one placed

next to the box in which you mark your answer on the answer sheet.

Make sure - before you start - that there are no printing errors in the booklet and or on the

answer sheet. If you find any errors, immediately bring them to the attention of one of the assistants

who will provide you with a different booklet.

Here are some examples of the kind of questions that you will find in the booklet and with

explanations for how you should respond. Carefully read the examples and explanations relating

thereto. Do not write the answers to the examples on the answer sheet. Questions relating to the

actual test begin on page 4.

EXAMPLES

To answer question E1, read the following passage:

On the economic front, there are also clear signs of rapid changes; one of which is connected to the

restructuring of companies, which is becoming more frequent on average, even to compete

internationally.

E1. After reading the excerpt, it is now known that:

1. small businesses in our country do not have restructuring problems

2. international competition has an impact on the need for companies to restructure more

frequently than in the past

3. our products are competitive, especially abroad

4. our country remains economically stagnant for small and medium-sized companies

Regarding example E1, the correct answer is indicated by the number 2. To answer,

therefore, you should black out box 2 on the answer sheet, in correspondence to example E1.

Example E2 presents a histogram showing the number of men and women who work in the

three departments of the Rossi & C. company.

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E2. What is the percentage of women who work at Rossi & C.?

1. 50%

2. 30%

3. 26.5%

4. 37.5%

To find the percentage of women who work at Rossi & C., you need to calculate how many

people in total work at the company (36 + 9 + 6 + 8 + 9 + 12 = 80). Then, calculate how many of

these people are women (9 + 9 + 12 = 30). With this data, it is now possible to calculate the

percentage [(30/80) x 100], which is equal to 37.5%. Therefore, the correct answer is number 4. To

answer, therefore, you should black out box 4 on the answer sheet, in correspondence to example

E2.

Inside the test booklet, you will find questions that will test your knowledge of English. You

will be presented with a passage in English, in which some words are missing and marked with an

ellipsis in the text (........). You will have to choose the option, among the four presented, that you

think best fills in the gap to complete the sentence. You will also be presented with some questions

concerning specific fields, and logic and reasoning. Finally, you will be asked to solve some

mathematical problems.

In the booklet, you will find questions similar to the above examples. Read each question

carefully and give your answer on the answer sheet.

REMEMBER:

• do not mark your answers in this booklet

• give your answers on the answer sheet by shading in the box ( ) corresponding to your chosen

answer

• you may not correct your answers once they have been given

• the tests will be marked as follows: 1 point for every correct answer, –0.25 points for every

incorrect answers, 0 points for every missed or multiple (double) answer

• make sure you answer all kind of questions

BEGIN NOW AND… GOOD LUCK!

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TEST START

1. The economic entity, “in the strictest sense”, of a limited company is represented: 1. by all the partners 2. by the majority of the partners (according to the head count) 3. by the majority of the partners (according to the equity held in the company) 4. by the company itself

2. The cross price elasticity of the demand for good x at the price of good y is: 1. the relationship between the change in demand for good y and the change in the price of good y 2. the percentage change in the price of good x due to the percentage increase in the demand

for good y 3. the relationship between the percentage change in the demand for good x and the percentage

change in the price of good y 4. the joint reverse elasticity of goods x and y

3. We know that a given function f(x) can be derived for every x. Which of the following statements is definitely true?

1. f(x) is always positive for every x 2. f(x) is constant 3. f(x) is always continuous for every x 4. f(x) is never continuous for any value of x

4. The object of the planning process is the rational formulation of: 1. strategic decisions 2. tactical decisions 3. operational decisions 4. any type of decision

5. The function of the short-term aggregate supply shows the product level offered by the companies according to changes in inflation. The relationship between product and inflation is:

1. negative, because high inflation reduces the aggregate demand 2. positive, because higher inflation increases the aggregate demand 3. negative, because higher than expected inflation leads to a reduction in the real salaries paid

by companies 4. positive, because higher than expected inflation leads to a reduction in the real

salaries paid by companies

6. The emphyteuta becomes the owner of the property granted in emphyteusis by means of: 1. devolution 2. enfranchisement 3. deferment 4. expulsion

7. If a company has fixed costs of 2,000, unit variable costs equivalent to 2 and an individual unit sales price equivalent to 6, the break-even point will be equivalent to:

1. 300 2. 400 3. 500 4. 600

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Consider also the following graph when answering the questions no. 8 and no. 9

Distribution of workers in the Lucca municipality (2016)

8. Knowing that in 2016 the Lucca municipality had 18 managers, how many workers there were in this municipality in total?

1. 57 2. 60 3. 120 4. 72

9. If female employees in the Lucca municipality were 35% in 2016, how many male workers were working in the municipality that year?

1. 25% 2. 20% 3. 30% 4. Data are not enough

10. At a pastry shop, two pastry cooks fill 12 cannoli in one minute. If we double the pastry cooks, how many minutes does it take to fill 48 cannoli?

1. 1 2. 2 3. 4 4. 6

11. Denying that "every day is sunny" is equal to say that: 1. no day is not sunny 2. all days are not sunny 3. no day is sunny 4. at least one day is not sunny

12. Read the passage below carefully Has anyone ever told you that life is short? While this may be true for people, it is definitely true for mayflies. That’s because most mayflies only live for 24 hours. In fact, some species of mayfly only live for thirty minutes. When a mayfly is born, it finds a mate right away. Then it lays eggs. Soon after that, it dies. So the next time you worry about life being short, remember: at least you are not a mayfly!

The main purpose of this passage is: 1. to describe to readers how mayflies lay eggs 2. to show readers why mayflies need our help 3. to teach readers about the mayfly life cycle 4. to explain to readers why human life is short

Employees; 60%

Officers; 25%

Managers; 15%

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13. The Capital Asset Pricing Model establishes: 1. a relationship between the risk and yield of a share based on a series of risk factors and

profitability 2. a relationship between the price of an asset and the yield of the asset 3. that the relationship between the yield and risk of a share is proportional to the

covariance between the share yield and market performance 4. that, all other things being equal, the lower the variance in the share yield the lower its

price

14. The following table shows the GDP of a number of countries for the years 1990 and 2007, measured in billions of dollars of 1990.

Country GDP (1990) GDP (2007) United States 5,757.2 13,776.5 Japan 3,018.3 4,379.6 Germany 1,714.4 3,317.4 Italy 1,133.5 2,095.1

The GDP of which of the above countries recorded an annual growth rate of approx. 2.2%? 1. The United States 2. Japan 3. Germany 4. Italy

15. What is the nature of the operating income? 1. Monetary 2. Economic 3. Financial 4. Asset

16. Which of the following is a method of derivative acquisition of ownership? 1. Usucaption 2. Succession by bequest 3. Commingling 4. Accession

17. The depreciation of an intangible asset: 1. constitutes a negative component in the operating income 2. is ascribed solely according to the possibility of sale of the asset 3. does not exist inasmuch as intangible assets are not subject to depreciation 4. constitutes a positive component in the income

18. In a closed economy, the bread market is perfectly competitive; 34 tonnes of bread are produced and sold at the price of 1.5 Euros/kg. All the bakeries in the country are brought out by an entrepreneur. Which quantity/price combination could be produced now that the market is a monopoly?

1. 32 tonnes, 1.4 Euros/kg 2. 38 tonnes, 1.8 Euros/kg 3. 38 tonnes, 1.2 Euros/kg 4. 32 tonnes, 1.8 Euros/kg

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Consider also the following graph when answering the questions no. 19 and no. 20

Average number of tickets bought online or at the cinema directly, in 2015 (figures in thousands)

10

18

30

6

3

17

16

25

9

13

0 5 10 15 20 25 30 35

Piedmont

Tuscany

Lazio

Campania

Sicily

Cinema

Online

19. Knowing that in 2014, in the Lazio region, people bought 15,000 tickets online, how much was the percentage increase in the web use for the purchase of tickets in the following year (2015)?

1. 200% 2. About 75% 3. 100% 4. 50%

20. Considering the five regions in total, what is the percentage of tickets bought directly at the cinema in Sicily in 2015?

1. 34% 2. About 16% 3. 20% 4. About 15%

21. Read the passage below carefully We will be collecting candidate signs from front yards on Wednesday, November 5 – the day after the election. The troop will congregate after school at 3:30 p.m. in the parking lot of Woodland Elementary School. From there, parent drivers will transport four groups of seven members each throughout various neighborhoods to retrieve the signs. Thank you for your participation in this effort, which will satisfy a requirement of the current merit badge our troop is working toward. See you on Wednesday. Scoutmaster of Troop 216, Steve Kabrich

What kind of merit badge is Troop 216 most likely working toward? 1. Politics 2. Engineering 3. Community 4. Sportsmanship

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Consider the following text to answer the questions no. 22 to no. 26

Economic development in the Medieval West, from XI century to XII century, was the result of a population growth. It was about dealing with a higher number of people to feed, clothe and house. Digging up and crop extension were the main remedies for this population increase. The increase in the income through intensive procedures was a secondary aspect. The size of the great Romanesque and Gothic churches itself met, at first, only the need to accommodate a larger Christian community. Ecclesiastical crops, which witnessed the economy, often increased or reduced their production according to the change in the monastic population. It was normal that this indifference and hostility to economic progress were reflected in the monetary economy field. All medieval social categories were subject to severe economic pressures, which opposed any build-up that could lead to economic progress. In the case of a build-up, it was about a hoarding that dried up precious objects and had no economic function, but only a prestige function. In the case of a crisis, precious plates and treasures were used to meet the basic needs and did not feed any production activity. 22. The increase in the income coming from the new cultivation methods:

1. benefitted the affluent classes only 2. was a secondary aspect in the economic growth 3. gave impetus to an increased demand for agricultural lands 4. increased the demand for land workers

23. Which important need has influenced the XI and XII century? 1. Meeting the vital needs of the population 2. The continuous demand for consumer goods 3. The widespread use of the currency 4. The use of usury

24. What fuelled the economic growth mentioned in the text? 1. The increase in trade exchanges 2. The increase in the population 3. The ambition of enrichment of the various monarchies 4. The more relaxing atmosphere in the relationships among the States

25. Why did they increase the size of the places of worship? 1. To show the emergence of ecclesiastical power 2. Because the Church’s riches were increased thanks to alms and tithes 3. To meet concretely space needs 4. Because the Church’s power of conversion increased the number of believers

26. In the context of the text, “build-up” means: 1. jealously guarding the money 2. buying real estates 3. buying tangible but fruitless valuable objects 4. continuously seeking money to capitalize

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27. The following graph shows GDP data in 1990 and 2007 in three countries.

Which country recorded the lowest total growth in its GDP during the period in question? 1. Afghanistan 2. Haiti 3. Uganda 4. It is impossible to establish using the graph alone

28. Deferred interest on a loan payable could give rise, following an adjustment, to: 1. accrued income 2. a prepaid expense 3. accrued liabilities 4. deferred credit

29. Futures are fixed-term contracts: 1. which are personalised and therefore difficult to exchange on the market 2. and purchasing futures entails reserving the possibility to be able to purchase the underlying

assets at a fixed price at the end of the term 3. and purchasing futures entails committing oneself to purchasing the underlying assets at a

fixed price at the end of the term 4. for which no provisions are made for compensation due to the cancellation of purchase and

sale commitments

30. Let us suppose that X is a continuous uncertain variable distributed according to Gaussian distribution, with an average of m and a variance of V. What can we say about the uncertain variable Y = 3X + 1?

1. Y has an average of m and variance of V 2. Y has an average of m + 1 and variance of 3V 3. Y has an average of 3m + 1 and variance of 9V 4. Y has an average of 3m + 1 and variance of V

31. Which of the following systems are not a personnel management technique? 1. Selection systems 2. Training systems 3. Data gathering systems 4. Assessment systems

GDP 1990-2007 (millions of dollars of 1990)

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32. Mario has 3 cards in a bag: one is green on both sides, one is blue on both sides and the third card is green on one side and blue on the other side. Lucia chooses a card and puts it on the table. If the side shown is green, what is the chance that the hidden side is green too?

1. 1/3 2. 2/3 3. 1/6 4. 1/12

33. “Economic growth is necessary but not sufficient for the development of the country”. Identify which of the following situations is conflicting with the above statement.

1. There has been an economic growth and there has not been any development of the country 2. There has been no development of the country and no economic growth took place 3. There has been a development of the country and an economic growth occurred 4. There has been no economic growth and there has been a development of the country

34. Read the passage below carefully Matt is moving into a new bedroom. He has four pieces of furniture to move: a chair (no big deal), a bed (which has to be taken apart), a dresser (really heavy), a desk (also heavy) and a couch (awkward, but surprisingly light). Matt has to plan out how he will move everything in. The bed must go in first, as it has to be taken apart to fit through the doorway. (Plus it will be easier to put the bed back together if it's the only thing in the room.) After the bed is in, the heavy stuff should follow. Then the awkward stuff. The chair can go in anytime after the bed.

Which of the following lists the furniture in an order in which Matt could successfully move into his new bedroom?

1. Couch, desk, bed, chair, dresser 2. Chair, bed, desk, dresser, couch 3. Bed, couch, chair, desk, dresser 4. Bed, desk, chair, dresser, couch

35. The products of a large paper mill are intended mostly to wholesalers. Almost all these products are put into production after a rigorous analysis of market needs and 70% of the products require more than 6 months of processing. A small part of the paper mill’s turnover comes from the sale of the products combined with training services on issues related to recycling. Before being sold, every product is tested individually by a skilled worker. Drawing a product from the paper mill at random, it will be less likely that:

1. it has been processed for at least 4 months 2. it meets the market needs 3. it has been tested before being sold 4. it is a product combined with a training service on issues related to recycling

36. Ingrid, Carla, Anna, Maura and Valeria have five favourite actors: Brad Pitt, Tom Cruise, Leonardo di Caprio, Tom Hanks and Richard Gere. Carla and Maura always lie while Anna never lies. Carla says she prefers Brad Pitt and that Valeria likes Richard Gere too much; Anna says she prefers Leonardo di Caprio and says that Carla told her she prefers Tom Hanks. Who is Carla’s favourite actor?

1. Brad Pitt or Tom Hanks 2. Brad Pitt or Tom Cruise 3. Tom Hanks or Richard Gere 4. Tom Cruise or Richard Gere

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37. When the average cost curve goes down for product quantities of less than q’ and goes up for higher product quantities, the production is characterised by:

1. diseconomies of scale up to the quantity q’ 2. constant returns to scale 3. economies of scale up to q’ and diseconomies of scale over q’ 4. diseconomies of scale up to q’ and economies of scale over q’

38. In Italy, the legitimation of a natural child by the ruling of a judge comes into effect as regards the legitimating parent:

1. from the birth of the child 2. from the registration of the legal application 3. from the ruling of the judge 4. from the conception of the child

39. The balance of payments: 1. records the flows of goods, services, transfers and financial transactions between two countries 2. records the flows of goods, services and transfers between one country and the rest of the

world 3. records the flows of financial transactions between one country and the rest of the world 4. is the total current account balance and profit and loss account balance

40. The function f(x) is defined as f(x) = ex + sin(x) when x ≤ 0, and f(x) = ax + b when x > 0. For which selection of parameters a and b is f(x) continuous and derivable for every x?

1. a = 1, b = 0 2. a = 1, b = 1 3. a = 0, b = 0 4. a = 2, b = 1

41. The liability of the partners of a joint-stock company is: 1. unlimited and joint and several for the limited partners 2. unlimited and joint and several for the general partners 3. unlimited and joint and several for everyone concerned 4. limited according to the capital share held by each

42. When a central bank decides to follow the Taylor rule: 1. it establishes a fixed exchange rate with the currencies of its trading partners 2. it reduces the interest rate during recession, with constant prices 3. it establishes an interest rate dependent on the inflation rate, but independent of fluctuations

in aggregate income 4. it tends to increase the money supply during growth phases of the economic cycle

43. In Italy, the principle that requires the Public Administration to fulfil its role according to criteria of equidistance from the public or private parties with which it comes into contact is known as:

1. reasonableness 2. subsidiarity 3. impartiality 4. autonomy

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Consider the passage below, which must be completed in some parts when replying to the questions no. 44 to no. 48

A pilot noticed a balloon (a) _____ seemed to be making for a Royal Air Force Station nearby. He informed the station at once, but no one there was able to explain the mystery. The officer in the control tower was very angry when he (b) _____ the news, because balloons can be a great danger to aircraft. He said that (c) _____ might be spying on the station and the pilot was ordered to keep track of the strange object. The pilot managed to circle the balloon (d) _____ some time. He could make out three men in a basket under it and one of them was holding field-glasses. When the balloon was over the station, the pilot saw one of the men taking photographs. Soon afterwards, the balloon began to descend and it landed near an airfield. The police (e) _____ called in, but they could not arrest anyone, for the basket contained two Members of the Parliament and the Commanding Officer of the station!

44. Which of the following words correctly completes the blank space marked with the letter (a)? 1. who 2. it 3. / 4. which

45. Which of the following words correctly completes the blank space marked with the letter (b)? 1. hears 2. listened 3. heard 4. listens

46. Which of the following words correctly completes the blank space marked with the letter (c)? 1. someone 2. anybody 3. ones 4. any

47. Which of the following words correctly completes the blank space marked with the letter (d)? 1. in 2. for 3. to 4. of

48. Which of the following words correctly completes the blank space marked with the letter (e)? 1. is 2. have 3. were 4. are

49. It has been evidenced that the high number of students who stop studying is partly due to the lack of a guidance system for those enrolled at university. Therefore, the lack of this guidance is one of the main causes of youth unemployment. The above-mentioned conclusion is based on the implicit preamble that:

1. students who drop out of school are unemployed 2. students who drop out of school are less willing 3. a guidance system for students enrolled at the universities would solve the problem of youth

unemployment 4. only young people who complete their course of studies can find a job

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50. On 31/07, during the financial year 20X0, the company Epsilon rents a unit, paying an annual rent of 12,000 in advance. During the adjustment, it will have to record:

1. a prepaid expense of 5,000 2. a prepaid expense of 7,000 3. an accrual of 5,000 4. accrued liabilities of 7,000

51. We know that limx→0 f(x)/x = 2. Which of the following functions is the only one to be compatible with this?

1. f(x) = cos(x) 2. f(x) = sin(2x) 3. f(x) = sin(x2) 4. f(x) = x/2

52. For a consumer, the marginal rate of substitution of the goods x and y is equivalent to the relationship between:

1. the marginal utility of the two goods given the combination of x and y that he consumes 2. the prices of the two goods given the consumer’s budgetary constraint 3. the prices and marginal utility of x and y given the consumer’s budgetary constraint 4. the prices of the two goods in all points that define his budgetary constraint

53. Pursuant to the [Italian] Legislative Decree No. 30/2005, for how long is a patent valid after registering the patent application?

1. Five years 2. Ten years 3. Fifteen years 4. Twenty years

54. The economic cycle: 1. concludes with the profit 2. concludes with the cost 3. may conclude with either the profit or the cost 4. concludes with the monetary revenue

55. u' and u'' are respectively the first and second derivative of the utility function u. Absolute risk aversion can be measured as:

1. ARA = u' – u'' 2. ARA = ln(u') 3. ARA = 1 – u' 4. ARA = –u''/u'

56. Organisation charts are used to illustrate: 1. the various bodies in a company and the hierarchical relations in place between them 2. the decision-making power attributed to each body 3. the duties of each body 4. the order in which duties must be carried out within the company

57. An investment portfolio is efficient if it contains a combination of securities that: 1. makes it possible to achieve a certain expected yield with the lowest possible risk 2. diversifies the risk so as to maximise the expected yield 3. makes it possible to achieve the highest possible yield 4. guarantees a yield that is always above zero

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58. The following graph describes the historical evolution of the German GDP during the period 2005-2010.

How much was the (total) average annual growth during the five years in question? 1. Approximately –19.9 billion $ per year 2. Approximately 19.9 billion $ per year 3. Approximately 51.5 billion $ per year 4. Approximately 99.7 billion $ per year

59. Complete the proportion with one of the pairs of term below: Crouching : X = Y : Right

1. X = Hidden; Y = Truth 2. X = Erect; Y = Wrong 3. X = Short-sighted; Y = Long-sighted 4. X = Lying; Y = Wrong

60. If 4 secretaries write 24 pages in 10 minutes, how many secretaries would be required to write 240 pages in 6,000 seconds?

1. 24 2. 12 3. 4 4. 6

61. Read the passage below carefully In the early 1800s, navigation was basic. Although ship captains did have some tools to guide them, they still relied heavily on eyesight. This was especially true when they were close to shore. Captains were on constant lookout to make sure their ship didn't run aground. Lighthouses were constructed to make the shore easier to see. The problem was that lighthouses had weak lights. They could not be seen from far away. This problem was solved by a French physicist named Augustin-Jean Fresnel. Fresnel invented a lens that would focus light into a single source. This focused light could be seen from many miles away.

What conclusion can we make from the information in this passage? 1. Light can be made more powerful by focusing it 2. Fresnel was the greatest inventor of the 19th century 3. Before the Fresnel lens, lighthouses were useless 4. Ship captains had very good eyesight in the 1800s

GDP Germany (billions of $)

GDP Germany (billions of $)

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62. Sandra and Mirko build a house in 3 years, while Silvia and Mirko take just 2 months. How many houses would the three people together build in one year?

1. 6 2. 4 3. 2 4. Data are not enough

63. “It is necessary that the engine works in order that the car starts”. Assuming that this preamble is true, which of the following statements is certainly true?

1. If the engine does not work, then the car starts 2. If the engine works, then the car does not start 3. If the car starts, then the engine works 4. If the engine does not work, then the car does not start

64. “If Ginevra does not repeat the whole chapter aloud, she cannot hold back her emotiveness during class interrogation”. If this statement is true, it is also true that:

1. Ginevra repeated half chapter aloud and was able to hold back her emotiveness during class interrogation

2. it is sufficient for Ginevra to repeat the whole chapter aloud to be able to hold back her emotiveness during class interrogation

3. it is necessary for Ginevra not to repeat the whole chapter aloud to not be able to hold back her emotiveness during class interrogation

4. it is sufficient for Ginevra not to repeat the whole chapter aloud to not be able to hold back her emotiveness during class interrogation

65. A sleeping bag costs € 100 but it is reduced by 10% if you buy it together with a tent that costs three times the price of the sleeping bag without discount. How much does Luca spend if he buys both the tent and the sleeping bag?

1. € 390 2. € 400 3. € 360 4. € 350

66. “In every block of apartments, there is at least one person who keeps contacts with the apartment block administrator”. If I deny that this statement is true, then I state that:

1. in all blocks of apartments, no one keeps contacts with the apartment block administrator 2. in each block of apartments, there is at least one person who does not keep contacts with the

apartment block administrator 3. there is at least one block of apartments in which at least one person does not keep contacts

with the apartment block administrator 4. there is at least one block of apartments in which no one keeps contacts with the apartment

block administrator

67. A company that presents positive nominal elements amounting to 600, negative nominal elements amounting to 200 and a net capital of 2,000 at the end of the year, will have made an ROE of:

1. 30% 2. 40% 3. 10% 4. 20%

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68. Read the passage below carefully Anyone who has ever had a delicious piece of garlic bread knows that there is a price to pay for eating it: the dreaded garlic breath. What makes garlic so good at making your breath smell so bad? The main culprit is a compound called allyl methyl sulfide. As your body digests the garlic, the sulfide is released into your bloodstream. From there, it travels through your body until it is eliminated through your digestive system, your urine, or out of your pores. But some of the allyl methyl sulfide also crosses from the bloodstream into the air that fills your lungs. As you breathe this air out, the garlic smell goes with it. This is why no matter how many pieces of gum you chew, how often you brush your teeth, or how much mouthwash you swish, a garlicky meal can give you stinky breath for days. Which of the following paragraphs accurately summarizes the information presented in the passage?

1. While it may be delicious, eating garlic can leave your breath smelling bad for days. That's because garlic contains a compound (allyl methyl sulfide) that enters your bloodstream and remains there until it is procedurally eliminated by the body

2. Garlic is a tasty food ingredient. But, it has one major drawback: it can leave your breath smelling bad for days. The only way to eliminate this bad breath is by brushing your teeth, chewing gum, or swishing with mouthwash

3. Garlic contains a compound called allyl methyl sulfide. As your body digests the garlic, the sulfide is released into your bloodstream. From there, it travels through your body until it is eliminated through your urine or out of your pores

4. Although garlic is a favorite ingredient, the repercussions of consuming this compound are widely underestimated. The dreaded "garlic breath" is repugnant to the senses and is, in many cases, too high a price to pay in exchange for the pleasure of eating garlic

69. “All good runners have well developed muscles. Tommaso cannot stand the pain caused by the accumulation of lactic acid in the muscles. Who has well developed muscles cannot stand the pain caused by the accumulation of lactic acid in the muscles”. If these statements are true, then it will be true that:

1. Tommaso has well developed muscles 2. good runners and Tommaso have nothing in common 3. not always, good runners cannot stand the pain caused by the accumulation of lactic acid in

the muscles 4. you cannot exclude that Tommaso has the characteristics to become a good runner

70. The sales manager of Tullio S.p.A. has to go to Malaysia to enter into an agreement to sell shirts and trousers. The overall cost for production and shipping to Malaysia is € 20.00 and € 22.00, respectively. The exchange rate is $ 4.30 per euro if the bank sells Malaysian dollars and $ 4.50 per euro if the bank buys Malaysian dollars. The aim of Tullio S.p.A. is to obtain a price of € 30.00 per each shirt. What price should it ask for shirts in Malaysian dollars?

1. $ 12.90 2. $ 13.50 3. $ 129.00 4. $ 135.00

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Consider the following text to answer the questions no. 71 to no. 75

The possibility of trade between Europeans and Indians existed from the beginning and was based, on both sides, on their availability of surplus goods that attracted the counterparty. Prolonged contacts between the two societies led to mutual dependence and cultural changes. When the Indians showed a preference for European clothing and utensils than the products of their craft, which were blocked at the Neolithic age, they were co-opted by the economy of the European market up to relying on it completely. The possession of firearms, available only through trade with Europeans, became indispensable; alcoholic beverages produced cases of alcoholism and psychological discouragement. The competition to secure a lead position on the market forced the Indians to internal fights, the colonial expansion deprived them of the possessions and the religious missions of the conquerors caused rifts in their social institutions. For Europeans, the contact with the Indian culture had more positive effects. The Indians fed the first colonizers and taught them how to deal with unknown cultivations; moreover, they served as guides for the explorers and delivered their hunting grounds. After the Europeans had learned how to build and use canoes, moccasins and shelters in the forests, they could do without the Indians; the latter, however, received exchange goods but, having received neither the tools nor the knowledge necessary to produce those goods independently, they still depended on the Europeans and, at the same time, they forgot their Neolithic techniques. 71. What the Indians offered to Europeans concerned:

1. only what was unnecessary to them 2. perishable consumer goods 3. material goods and objects of their crafts 4. their lands and cattle

72. Indian crafts: 1. seemed very advanced to European conquerors 2. was primitive and devoid of great interest for Europeans 3. was the result of a very advanced civilization 4. had not evolved over the centuries

73. Why were the Indians strongly dependent on the Europeans? 1. Because the Indians were no longer able to produce goods to trade or to use for themselves 2. Because the Indians were unable to offer innovative products to meet the needs of the

European market 3. Because they suffered from a sort of psychological inferiority with respect to the Europeans 4. Because the intellectual superiority of Europeans was obvious

74. Why was there an intense trade between Europeans and Indians? 1. Because there was the need for both sides to establish a relationship of peaceful coexistence 2. Because it allowed to acquire goods that attracted both parties 3. Because trade was the means to start any type of negotiation 4. Because the European political life encouraged this exchange of goods

75. The Europeans used to offer: 1. useless and low-quality products 2. new goods and products that changed the Indians’ culture 3. what would later become useful to the Indians for further development 4. products that allowed them to make Indians more independent

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76. A market with monopolistic competition is characterised by: 1. the presence of a limited number of companies on the market 2. the companies’ ability to cause their competitors to react to their decisions 3. a wide variety of sold products 4. an infinitely elastic demand curve fronted by the companies

77. The function of two variables f(x,y) = x3 + y3 + axy is required to have a relative maximum at point (–1,–1). What value must be assumed by parameter a in order for this to be possible?

1. –1 2. 0 3. 1 4. 3

78. € 20,000.00 are invested in a continuous capitalisation scheme. One year later, the total is € 20,816.22. What was the annual yield?

1. 3% 2. 4% 3. 5% 4. 8%

79. The financial cycle: 1. begins with the sale of products 2. begins with the purchase of raw materials 3. begins with payment for purchases 4. ends with the sale of products

80. In 1990, China’s GDP was 404.5 billion dollars of 1990. In 2007, the Chinese GDP was 3,400.4 billion dollars of 1990. What was the annual growth rate of China’s GDP during this 17-year period?

1. Approximately 9.71% 2. Approximately 13.3% 3. Approximately 31.3% 4. Approximately 406%

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