Company Size Thresholds Quiz

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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?

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

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

Engagement in economic activity (A) Signup and view all the answers

How is headcount calculated for a company?

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

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

Agency or contractual theory (B) Signup and view all the answers

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

Neo classical theory (C) Signup and view all the answers

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

Financial theory (D) Signup and view all the answers

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

Company as a system (B) 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?

Business economics (B) 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?

Company as a system (B) Signup and view all the answers

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

To maximize market value and create wealth (D) Signup and view all the answers

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

Innovation and openness (A) Signup and view all the answers

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

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

In which system does a company operate in Spain?

Free market system (B) Signup and view all the answers

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

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

What determines which CSR standard to apply in a company?

Senior management decision (A) Signup and view all the answers

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

The emotional connection between people and the company (A) Signup and view all the answers

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

Environmental considerations (B) Signup and view all the answers

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

Interacts with and influences the economic system (D) Signup and view all the answers

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

Influencing the creation of wealth and value (B) Signup and view all the answers