WorksheetsCh.6 Small and Medium Enterprises
Total questions: 12
Worksheet time: 36mins
The ownership of Small and Medium Enterprises (SMEs) can take different forms. SMEs (21%)
(1) cover market segments which are not served by large companies.
(2) provide more employment opportunities to local workers than large companies.
(3) enjoy a lower tax rate than large companies.
(1) and (2) only
(1) and (3) only
(2) and (3) only
(1), (2) and (3)
Which of the following statements regarding Small and Medium Enterprises (SMEs) in Hong Kong is correct? (37%)
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.
All entrepreneurs (72%)
earn profits by taking business risks.
start businesses with their own capital.
enter the market with new products.
possess extensive knowledge and experience in the business.
Which of the following statements about small and medium enterprises (SMEs) in Hong Kong are correct? (44%)
(1) An SME employs fewer than 50 persons.
(2) SMEs contribute a majority of employment opportunities in Hong Kong.
(3) SMEs often provide products and services that complement large companies.
(1) and (2) only
(1) and (3) only
(2) and (3) only
(1), (2) and (3)
Which of the following is/are the characteristic(s) of small and medium enterprises (SMEs) in Hong Kong? (84%)
(1) They are responsive to market changes.
(2) They have a tall-type organizational structure.
(3) Their tax rate is different from that of large companies.
(1) only
(2) only
(1) and (2) only
(2) and (3) only
Which of the following are the importance of small and medium enterprises to the local economy? (61%)
(1) They provide materials and services to large businesses.
(2) They provide unique products to satisfy the needs of the Hong Kong market.
They provide the major source of tax income for Hong Kong.
(1) and (2) only
(1) and (3) only
(2) and (3) only
(1), (2) and (3)
Which of the following illustrate the importance of entrepreneurship in business development? (77%)
(1) Reduce business risks
(2) Promote economic growth
Encourage innovation
(1) and (2) only
(1) and (3) only
(2) and (3) only
(1), (2) and (3)
Which of the following statements about small and medium enterprises(SMEs) in Hong Kong are correct? (68%)
(1) The majority of businesses in Hong Kong are SMEs.
(2) The forms of business ownership of SMEs are either sole proprietorship or partnership.
(3) SMEs are usually managed by their owners.
(1) and (2) only
(1) and (3) only
(2) and (3) only
(1), (2) and (3)
Which of the following statements about small and medium enterprises (SMEs) in Hong Kong is/are correct? (74%)
(1) The number of employees account for around 80% of total employment (excluding civil service) in Hong Kong.
(2) They can operate as a limited company
(3) The annual sales revenue of a SME must be below $5 million.
(1) only
(2) only
(1) and (3) only
(2) and (3) only
Which of the following statements about entrepreneurs are correct? (70%)
(1) They are willing to take on challenges.
(2) They promote economic growth by creating job opportunities.
(3) They promote market competition by introducing new products and services.
(1) and (2) only
(1) and (3) only
(2) and (3) only
(1), (2) and (3)
Which of the following is/are feature(s) of Hong Kong’s economy? (63%)
(1) Most businesses in Hong Kong are small and medium enterprises.
(2) Hong Kong is a net exporter of raw materials.
(3) Hong Kong does not maintain trade barriers on imports.
(1) only
(2) only
(1) and (3) only
(2) and (3) only
Which of the following statements about small and medium enterprises (SMEs) in Hong Kong is correct? (78%)
The scale of an SME is so small that it cannot practice 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.
