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Multiple Choice Quiz
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1
What is the standard definition for a micro-firm?
A)Less than 50 employees
B)Less than 20 employees
C)Less than 10 employees
D)Less than 100 employees
2
What is the alternative EU financial definition for a micro-firm?
A)Turnover less than EUR 1 million
B)Turnover less than EUR 2 million
C)Turnover less than EUR 5 million
D)Turnover less than EUR 10 million
3
Which one of the following countries is regarded as having the highest level of entrepreneurial activity?
A)The UK
B)France
C)Germany
D)The USA
4
Which one of the following definitions of a small firm did Bolton not adopt?
A)The characteristics definition
B)The profit definition
C)The turnover definition
D)The employee definition
5
Which category of firm has seen the largest growth in numbers over the past 2 decades?
A)Large-sized firms
B)Small-sized firms
C)Micro-sized firm
D)Medium-sized firms
6
Which one of the following factors does not account for the growth in micro-sized firms during the last 2 decades?
A)Structural changes in the economy
B)Flexible specialisation of the micro-sized firm
C)Government enterprise policy
D)Weaker trade union power
7
The vast majority of firms, in terms of numbers, are:
A)Micro firms
B)Small firms
C)Medium-sized firms
D)Large firms
8
In European economies, small firms account for more than the following percentage of total employment:
A)30 per cent
B)50 per cent
C)60 per cent
D)70 per cent
9
In which of the following European countries do small firms account for a largest proportion of total employment?
A)UK
B)Germany
C)Finland
D)Greece
10
According to GEM, which of the following countries has the lowest level of entrepreneurial activity?
A)Argentina
B)Venezuela
C)Uganda
D)Japan





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