CHAPTER 2: INTRODUCTION TO SMALL AND MEDIUM ENTERPRISE DBS1B

A business will be classified as SME if it fulfills any one out of three conditions.

• True

• False

The three conditions of SMEs are qualifying criteria, type of establishment and risks.

• True

• False

SME can be classified as a manufacturer if the sales turnover is not exceeding RM50 million or full-time employees not exceeding 20 people.

• True

• False

Sales turnover from RM300,000 to less than RM15 million.

The above statement best refers to ...

• a small manufacturing SME

• a medium manufacturing SME

• a small service SME

• a medium service SME

The sales turnover of Syarikat Kurita Sdn Bhd, a company that produces food and beverages is RM17 million. The number of workers is 50 people. Syarikat Kurita is considered as a .....

• large company

• microenterprise

• medium SME

Sales turnover refers to total revenue including other income.

• True

• False

Full-time employees include all paid workers working for 4 hours.

• True

• False

Full-time workers do not include foreign and contract workers.

• True

• False

A business that is incorporated under the following Act is considered a "pure business entity". Those Acts are ....

• Registration of Business Act 1956

• Companies Act 2016

• Contract Act 1950

• Sale of Goods Act 1967

Companies that are public listed in the secondary bourses such as the ACE market, Malaysia Online Trading Platform for Unlisted Market (My ULM), or in secondary markets / SME exchanges / unlisted markets in other countries and their subsidiaries will be considered as ....

• partnership

• small and medium enterprise

• sole trader

• corporation