“Fundamentals of Business"
Written exam
Surname:______________ Name:_________________ Matriculation number:____________ Your Project Work:______________________Number of comments on the Blog:__________
Please write legibly (otherwise two points less) and use just the available lines.
You have one hour and thirty minutes to complete the exam and 10 minutes to withdraw.
Open-ended questions
1) What is the difference between needs and wants?
2) Summarize the content of the YouTube video “Resources and their scarcity”
3) What is the general definition of organization?
4) What is the definition of azienda?
5) Why does the doctrine of Economia Aziendale is relevant for a course of Fundamentals of Business?
6) Why does the term Economia Aziendale has not been translated into English?
7) Describe the concept of economicity using an example
8) What is the difference between economicity and economic equilibrium?
9) Is it possible for an economic entity satisfy human needs destroying value? Why?
10) Who are the stakeholders of the economic entity?
11) What are the expectations of the employees?
Multiple choice
1) Public Authorities are:
o Primary stakeholders
o Secondary stakeholders
o Both primary and secondary
o Not stakeholders
2) The three spheres of sustainability are (only one is correct)
o Economic, social, environmental
o Economics, efficiency, effectiveness
o Social, environmental, effectiveness
o None of the previous answers are correct
3) Which of the following is a characteristic of non-business entities?
o The objective is to create value in use
o Thy do not operate for the market
o They produce only services
o None of the previous answers are correct
Put theory into practice
Following the mission of Coca Cola company. Identify, if present, the What, How and Why of that mission:
Coca Cola Mission
Our Roadmap starts with our mission, which is enduring. It declares our purpose as a company and serves as the standard against which we weigh our actions and decisions.
To refresh the world...
To inspire moments of optimism and happiness...
To create value and make a difference.