Company Size Thresholds Quiz
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Questions and Answers

What determines the size of a company in terms of headcount?

  • The annual balance sheet value
  • The number of part-time employees
  • The number of full-time employees working in one year (correct)
  • The turnover from sales and services

What are the thresholds for a company to be considered a medium enterprise?

  • Less than or equal to 500 employees, turnover of at least 100 million, balance sheet of 80 million
  • Less than 50 employees, turnover of 10 million, balance sheet of 10 million
  • Less than 10 employees, turnover of 2 million, balance sheet of 2 million
  • Less than or equal to 250 employees, turnover of at least 50 million, balance sheet of 43 million (correct)

Why are SMEs considered the engine of the European economy?

  • They offer job creation, economic growth, and social stability (correct)
  • They receive significant external funding
  • They are owned by European citizens
  • They have large turnovers and balance sheets

Why is it important for SMEs to have a common definition across Europe?

<p>To support only those enterprises that really need it and improve consistency and effectiveness (A)</p> Signup and view all the answers

What is the defining factor for an entity to be considered an enterprise according to SMEs definition?

<p>Engagement in economic activity (A)</p> Signup and view all the answers

How is headcount calculated for a company?

<p>In terms of annual working unit, with anyone working full time considered part of the annual unit (A)</p> Signup and view all the answers

According to the text, which theory emphasizes the separation between ownership and control?

<p>Agency or contractual theory (B)</p> Signup and view all the answers

In which theory is the market considered to follow the invisible hand of Adam Smith?

<p>Neo classical theory (C)</p> Signup and view all the answers

Which theory views markets as imperfect and prone to transaction costs due to a lack of information?

<p>Financial theory (D)</p> Signup and view all the answers

Which concept defines the company as a set of elements that interact to achieve a common goal?

<p>Company as a system (B)</p> Signup and view all the answers

What is the branch of science that aims to address and study economic problems within a company, mentioned in the text?

<p>Business economics (B)</p> Signup and view all the answers

According to the text, what defines organizations as a group of interrelated elements working together towards a common goal?

<p>Company as a system (B)</p> Signup and view all the answers

What is the main objective of a company as an open system?

<p>To maximize market value and create wealth (D)</p> Signup and view all the answers

According to the text, which dimension contributes to building trust in a company?

<p>Innovation and openness (A)</p> Signup and view all the answers

What is the role of a stakeholder's map in a company?

<p>To track relationships with various groups based on power and influence (A)</p> Signup and view all the answers

In which system does a company operate in Spain?

<p>Free market system (B)</p> Signup and view all the answers

What is the significance of the positive synergising result for a company?

<p>All systems working together are worth more than the sum of parts individually (A)</p> Signup and view all the answers

What determines which CSR standard to apply in a company?

<p>Senior management decision (A)</p> Signup and view all the answers

What does the Merco index measure in the context of a company's reputation?

<p>The emotional connection between people and the company (A)</p> Signup and view all the answers

What contributes to the global system's influence over a company's elements?

<p>Environmental considerations (B)</p> Signup and view all the answers

What are the characteristics of a company as an open system according to the provided text?

<p>Interacts with and influences the economic system (D)</p> Signup and view all the answers

What is the main role of stakeholders in relation to a company?

<p>Influencing the creation of wealth and value (B)</p> Signup and view all the answers

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