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True or False
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1
Medium-sized firms employ less than 500 people
A)True
B)False
2
Micro-sized firms employ less than 10 people
A)True
B)False
3
Over 98% of all firms employ less than 50 people
A)True
B)False
4
According to GEM, the Netherlands has higher rates of entrepreneurial activity than Argentina.
A)True
B)False
5
Small firms have become more important in modern economies due to the growth of the manufacturing sector
A)True
B)False
6
New firm formation helps to diversify a local economy.
A)True
B)False
7
Small firms have been successful because they have the ability to be flexible and specialised at the same time.
A)True
B)False
8
The EU financial definition of small firms uses a turnover levels of less than EURO 50 million to define small firms.
A)True
B)False
9
Policy-makers have been influenced by the study by Birch that linked job creation to the numbers of small firms.
A)True
B)False
10
The causal positive link between entrepreneurship and economic growth is undisputed.
A)True
B)False





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