Module 1 – Test

Check the information you have acquired and answer the following questions

You can take the test as many times as you want. If your answer is incorrectly, you can return to the form and review the required parts.

The selected questions from this section will be included in the final test.

What is a micro-enterprise ?

An enterprise with an annual turnover or balance sheet below €2 million

An enterprise with no more than 15 employees

Correct! Wrong!

What is the acronym SME?

Small and Medium Enterprises

Small and Micro Enterprises

Correct! Wrong!

Micro-enterprises represent the 99% of all businesses in the EU

True

False

Correct! Wrong!

What does the acronym SBA mean?

Small Business Act

Small Business Activity

Correct! Wrong!

What are the SBA's aims?

To improve the small business situation related to the credit access.

To improve the overall approach to entrepreneurship in the EU

Correct! Wrong!

The heart of SBA policy is ...

The belief that a truly favorable environment for SMEs depends first of all on the recognition of entrepreneurs by society.

The belief that a truly favorable environment for SMEs depends first of all on the recognition of the european laws

Correct! Wrong!

SBA key points...

Ensure that honest entrepreneurs who have faced bankruptcy quickly get a second chance; help SMEs to benefit more from the opportunities offered by the black market

Ensure that honest entrepreneurs who have faced bankruptcy quickly get a second chance; design rules according to the ‘think small first’ principle; promote the upgrading of skills in SMEs and all forms of innovation.

Correct! Wrong!

The principle Think Small first ...

Relies on the fact that "small is better"

Relies on the fact that “one size does not fit all” but a lighter touch approach can also be beneficial to larger businesses

Correct! Wrong!

(EN) Module 1 - test

Well done!

It looks like you mastered the 1st module, now you are ready to proceed to module 2 🙂

Nearly there!

Your efforts definitely paid off! However, we recommend to read the 1st module's material once more before moving on to module 2 🙂

Lack of focus

We recommend to return to the "study material" section. Read carefully the material there. It is important to know all the basic information from module 1, before proceeding to module 2.

This project has been funded with support from the European Commission. Information reflects the views only of the author, and the Commission cannot be held responsible for any use which may be made of the information contained therein.

For more information contact: projektai@paneveziodrmc.lt