10-Question IQ Test for Entrepreneurs: Are You a Business Genius?
Find out if you're a business genius with our 10-question IQ test for entrepreneurs. Test your knowledge and strategic thinking skills.
LD Web Desk 1. If a company's total liabilities are $500,000 and its total assets are $800,000, what is its equity?
$200,000
$250,000
$300,000
$350,000
Correct Answer
Wrong Answer
2. A product's price is increased by 15% to $92. What was the original price?
$76
$80
$85
$90
Correct Answer
Wrong Answer
3. A business earns $1,200,000 in revenue and has a cost of goods sold (COGS) of $900,000. What is the gross profit margin?
20%
25%
30%
35%
Correct Answer
Wrong Answer
4. An investment yields a 6% annual return. If $10,000 is invested, what will be the value of the investment after 4 years, assuming annual compounding?
$11,262
$12,262
$12,675
$13,524
Correct Answer
Wrong Answer
5. A company has a return on investment (ROI) of 18%. If the initial investment was $200,000, what is the net profit?
$30,000
$32,000
$34,000
$36,000
Correct Answer
Wrong Answer
6. If an entrepreneur owns 25% of a company and sells 5% of their shares, what percentage of the company do they now own?
15%
18%
20%
22.5%
Correct Answer
Wrong Answer
7. A startup’s revenue is $500,000, and its total expenses are $400,000. What is the profit margin?
15%
18%
20%
25%
Correct Answer
Wrong Answer
8. If a business's inventory turnover ratio is 4 and the cost of goods sold (COGS) is $200,000, what is the average inventory?
$40,000
$50,000
$60,000
$70,000
Correct Answer
Wrong Answer
9. An entrepreneur invests $10,000 at an annual interest rate of 7%, compounded annually. What will be the value of the investment after 5 years?
$13,000
$13,500
$14,025
$14,200
Correct Answer
Wrong Answer
10. If a company has a profit of $120,000 and pays taxes of $30,000, what is the net profit after tax?
$85,000
$90,000
$95,000
$100,000
