And here are the correct answers:

Question 1: 588, 623 of the total 590, 253 are SMEs.  The link will open in a new window Source

Question 2: Sole proprietorships are not legal entities.

Question 3: Debt capital is the capital made available to a company by a creditor for a limited period of time and is repayable.

Question 4: A free trade agreement is a treaty that allows international trade between two states without trade barriers.

Question 5: 26 percent of employees in Switzerland work in a small company with up to nine employees. The link will open in a new window Source

Question 6: Liquidity ratio 3 indicates the ratio of total current assets to current liabilities . It expresses what proportion of current liabilities can be financed by current assets.Platform business models use an online platform as a virtual marketplace to bring together different suppliers and customers.

Question 8: Sole proprietorships and partnerships with revenue of less than CHF 500 000 . They are allowed to compare their expenses and income in a so-called “Milchbüechli invoice” and set out their financial position.

Question 9: 26, 455 companies were founded in Switzerland in the first half of 2020. The link will open in a new window Source

Question 10: 2.6 percent is not applied as a VAT rate in Switzerland.

Question 11: The turnover rate indicates the number of voluntary and involuntary departures in relation to the number of employees. Find out how to calculate this in our blog post.

Question 12: Tuvalu recorded the strongest economic growth in 2019 (based on the rate of increase in its GDP). Source

Question 13: A balance sheet is, in the broadest sense, the comparison of a company’s assets and its liabilities at a given time.

Question 14: The answer “The QR-bill was introduced on 1 January 2020” is incorrect. It was introduced on 30 June 2020. So it’s high time companies switch to the QR-bill.

Question 15: Incoterms are international rules of play, or the payment and delivery terms for deliveries of goods abroad. They consist of 11 terms that clearly set out what obligations the seller and the buyer have when it comes to trading goods abroad, as well as who is responsible for bearing which risks, and until when. Find out more about Incoterms

Question 16: Correct answer: net current assets.

If you’d like to know what was right and wrong, here’s an overview of all the correct answers:

Question 1: 588, 623 of the total 590, 253 are SMEs.  The link will open in a new window Source

Question 2: Sole proprietorships are not legal entities.

Question 3: Debt capital is the capital made available to a company by a creditor for a limited period of time and is repayable.

Question 4: A free trade agreement is a treaty that allows international trade between two states without trade barriers.

Question 5: 26 percent of employees in Switzerland work in a small company with up to nine employees. The link will open in a new window Source

Question 6: Liquidity ratio 3 indicates the ratio of total current assets to current liabilities . It expresses what proportion of current liabilities can be financed by current assets.Platform business models use an online platform as a virtual marketplace to bring together different suppliers and customers.

Question 8: Sole proprietorships and partnerships with revenue of less than CHF 500 000 . They are allowed to compare their expenses and income in a so-called “Milchbüechli invoice” and set out their financial position.

Question 9: 26, 455 companies were founded in Switzerland in the first half of 2020. The link will open in a new window Source

Question 10: 2.6 percent is not applied as a VAT rate in Switzerland.

Question 11: The turnover rate indicates the number of voluntary and involuntary departures in relation to the number of employees. Find out how to calculate this in our blog post.

Question 12: Tuvalu recorded the strongest economic growth in 2019 (based on the rate of increase in its GDP). The link will open in a new window Source

Question 13: A balance sheet is, in the broadest sense, the comparison of a company’s assets and its liabilities at a given time.

Question 14: The answer “The QR-bill was introduced on 1 January 2020” is incorrect. It was introduced on 30 June 2020. So it’s high time companies switch to the QR-bill.

Question 15: Incoterms are international rules of play, or the payment and delivery terms for deliveries of goods abroad. They consist of 11 terms that clearly set out what obligations the seller and the buyer have when it comes to trading goods abroad, as well as who is responsible for bearing which risks, and until when. Find out more about Incoterms

Question 16: Correct answer: net current assets.

Great knowledge and/or guesswork! Once again, here’s an overview of all the correct answers – although you’ve already found (almost!) all of these yourself:

Question 1: 588, 623 of the total 590, 253 are SMEs.  The link will open in a new window Source

Question 2: Sole proprietorships are not legal entities.

Question 3: Debt capital is the capital made available to a company by a creditor for a limited period of time and is repayable.

Question 4: A free trade agreement is a treaty that allows international trade between two states without trade barriers.

Question 5: 26 percent of employees in Switzerland work in a small company with up to nine employees. The link will open in a new window Source

Question 6: Liquidity ratio 3 indicates the ratio of total current assets to current liabilities . It expresses what proportion of current liabilities can be financed by current assets.Platform business models use an online platform as a virtual marketplace to bring together different suppliers and customers.

Question 8: Sole proprietorships and partnerships with revenue of less than CHF 500 000 . They are allowed to compare their expenses and income in a so-called “Milchbüechli invoice” and set out their financial position.

Question 9: 26, 455 companies were founded in Switzerland in the first half of 2020. The link will open in a new window Source

Question 10: 2.6 percent is not applied as a VAT rate in Switzerland.

Question 11: The turnover rate indicates the number of voluntary and involuntary departures in relation to the number of employees. Find out how to calculate this in our blog post.

Question 12: Tuvalu recorded the strongest economic growth in 2019 (based on the rate of increase in its GDP). The link will open in a new window Source

Question 13: A balance sheet is, in the broadest sense, the comparison of a company’s assets and its liabilities at a given time.

Question 14: The answer “The QR-bill was introduced on 1 January 2020” is incorrect. It was introduced on 30 June 2020. So it’s high time companies switch to the QR-bill.

Question 15: Incoterms are international rules of play, or the payment and delivery terms for deliveries of goods abroad. They consist of 11 terms that clearly set out what obligations the seller and the buyer have when it comes to trading goods abroad, as well as who is responsible for bearing which risks, and until when. Find out more about Incoterms

Question 16: Correct answer: net current assets.