Quiz – Entrepreneurship, Innovation and Small Business

What percentage of Australian businesses are small?*

98%
89%
96%

How many people in Australia are employed by a small business?*

6 million
3.5 million
4.5 million

Companies who engage in innovation are:*

More than likely to report decreases in number of employees
More than twice as likely to report increases in the total number of employees
More than three times as likely to report increases in the total number of employees

Select the statement that is false:*

Most small businesses operate as a company.
Small businesses use a range of structures including sole trade, partnership, trust or a combination.
Small businesses choose a business structure for a range of reasons, including tax reasons

Small businesses tend to pay more per dollar of turnover in tax compliance costs than larger businesses. For most small businesses is it in the order of?*

5-8 times as much
2-4 times as much
40-50 times as much

Quiz - Entrepreneurship, Innovation and Small Business