Small and Medium Enterprises (SMEs)

[2016 BAFS ICPA A29]

Which of the following are not regarded as SMEs in Hong Kong?

• a garment factory with 70 employees

• a toy manufacturing factory with 120 employees

• a trading company with 60 employees

Which of the following is/are SMEs?

• an audit firm having 55 auditors and 20 partners

• an IT company having 48 technicians and 5 shareholders

• a garment factory having 90 workers and 15 adminstrative staff

[2021 BAFS HKDSE A21]

Which of the following statements about SMEs in Hong Kong is correct?

• The scale of an SME is so small that it cannot practise division of work.

• The owners enjoy limited liability.

• Most of them are engaged in secondary industries.

• Enterprises in the non-manufacturing sector with fewer than 50 employees are SMEs.

[2014 BAFS HKDSE A6]

Which of the following statements about SMEs in Hong Kong are correct?

• employs fewer than 50 persons

• contribute a majority of employment opportunities in Hong Kong

• often provide products and services that complement large companies

[2019 BAFS HKDSE A13]

Which of the following statements about SMEs in Hong Kong is/are correct?

• The number of employees accounts for around 80% of total employment (excluding civil service).

• They can operate as a limited company.

• The annual sales revenue of a SME must be below $5 million.

[2017 BAFS HKDSE A20]

Which of the following statements about SMEs in Hong Kong are correct?

• The majority of businesses in Hong Kong are SMEs.

• The forms of business ownership of SMEs are either sole proprietorship or partnership.

• SMEs are usually managed by their owners.

[2013 BAFS HKDSE A11]

Which of the following statements regarding SMEs in Hong Kong is correct?

• SMEs enjoy a lower tax rate.

• SMEs can be listed on the stock exchange.

• SMEs are involved in primary and secondary production only.

• SMEs do not hire more than twenty employees.

[2015 BAFS HKDSE A11]

Which of the following is/are the characteristics(s) of SMEs in

Hong Kong?

• They are responsive to market changes.

• They have a tall-type organizational structure.

• Their tax rate is different from that of large companies.